Optima JV Premieres 2nd Luxury Tower in Scottsdale
- Jun 08, 2020
A joint venture between Optima and Principal Real Estate Investors has completed a second apartment tower at Optima Kierland Center in North Scottsdale, Ariz.
The building at 7140 Optima Kierland follows the 10-story, 150-unit 7160 Optima Kierland, which upon opening its doors in May 2017 established the Valley of the Sun’s briskest leasing rate in history, attracting 134 move-ins within three months. That tower has remained more than 95 percent occupied in the three-plus years since.
The construction of the 12-story tower at 7140 Optima Kierland is ongoing. The building is topped off, windows have been set in place and power has been turned on. First move-ins are slated for August. In total, 7140 Optima Kierland will feature 213 one-, two- and three-bedroom residences extending in size from 737 to 2,225 square feet and featuring rental rates beginning at $2,160 per month. Each residence will offer floor-to-ceiling glass walls, luxury plank flooring, solar shades and large outdoor terraces created for indoor and outdoor living. A rooftop “Skydeck” featuring a pool, sauna, fitness center and full-court indoor basketball court is among the property’s leading common-area amenities.
Residents of 7140 Optima Kierland will also be able to utilize Optimized Service, a seven-days-a-week, in-home concierge program provided by Optima’s on-site team. Among the services offered are dry cleaning pickup and delivery, in-home plant watering and package delivery to the home’s interior within 24 hours of the package arriving at the community.
A virtual concierge service also furnishes residents with help in booking reservations and appointments, and coordinating travel and similar tasks. In addition, residents benefit from Smart Home technology that automates a number of in-home features. Optima is offering prospective renters both in-person appointments and virtual leasing experiences.
Last month, Principal Real Estate Investors helped supply construction financing for a new development near the Eastside Beltline Trail in Atlanta.