The Scottsdale Development Review Board voted 6-0 earlier this month to approve the exterior aesthetics for Optima McDowell Mountain Village, a multiphase, 22-acre residential and retail site near Scottsdale Road and Mayo Blvd.
Plans call for 36KSF of retail and 1,300 apartments and condominiums ranging from 775SF up to 2,025SF.
The project has a 10-year estimated timeline and will be built in three phases. Building heights will be a mix of six- and eight-story structures with ground-floor amenities and rooftop swimming pools and running tracks.
All the infrastructure to support the project will take place in the first phase of construction, and the City of Scottsdale will undertake creating a road from the east of the project to Hayden Blvd. as a separate project.
The total development cost for Optima McDowell Mountain Village has been estimated at $1B. (Source)
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