Optima Opens Scottsdale Tower
The building represents the project's fifth and final phase.
Optima has officially opened 7190 Optima Kierland, a 216-unit multifamily community in Scottsdale, Ariz. The property is the fifth and final tower within the Optima Kierland project, a master-planned residential development.
The project received a $83.5 million construction loan from PNC Bank in 2021, according to Yardi Matrix data.
The 10-story building incorporates studios, one-, two- and three-bedroom floorplans ranging between 626 and 1,145 square feet. Common-area amenities at the master-planned community include a swimming pool, a business center, a theater, a fitness center, a yoga studio, a rooftop deck, a spa, a basketball court, a pickleball court, a running track, a golf simulator, lounge seatings and fire pits. The property also features smart home technology, package delivery, 24/7 concierge, grocery delivery, controlled access and approximately 447 parking spaces.
Located in Phoenix’s Paradise Valley Village submarket, the property is within walking distance of an abundance of dining options, retail centers and entertainment venues. The list includes the Kierland Commons and Scottsdale Quarter shopping centers, which are just across the street.
Optima plans to break ground later this year on another massive North Scottsdale project, the Optima McDowell Mountain Village. The $1 billion project is slated to encompass six eight-story buildings with approximately 1,300 residential units and 36,000 square feet of commercial space.