CRE – Phoenix Commercial Real Estate News – ConnectCRE

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Optima opened the 12-story, luxury apartment tower, 7140 Optima Kierland, in North Scottsdale. The property is comprised of 213 units and was built by development firm Optima and JV partner Principal Real Estate Investors.

The one-, two-, three-bedroom and penthouse residences feature luxury plank flooring throughout, solar shades, floor-to-ceiling glass walls for natural light, expansive outdoor terraces for indoor-and-outdoor living and automated smart home technology. The property offers a complimentary in-home concierge program, as well as a collection of private amenities, including the rooftop Skydeck that features a resort pool, spa, yoga studio, steam room, lounge and running track set against the backdrop of the McDowell Mountains.

The property at 7140 E. Kierland Blvd. has found favor with renters looking to downsize from single-family homes. 7140 Optima Kierland is the second apartment tower located within Optima Kierland Apartments, and the developer says it has already hit the 40% leased mark, which outpaces the rental market by nearly double.

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Tags: Apartments & Multifamily, Development


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