Right on time to meet the recent increase in demand for elevated apartment living in the greater Phoenix-metro area, real estate development firm Optima announced today the opening of the luxury apartment tower 7140 Optima Kierland in North Scottsdale, with immediate move-ins available and the leasing gallery and model residences accessible for private tours.
As the second apartment tower located within Optima Kierland Apartments, 7140 Optima Kierland has already achieved 40 percent leased which outpaces the rental market by nearly double. Comprised of 213 thoughtfully designed, one-, two-, three-bedroom and penthouse residences ranging in size from 737 to 2,225 square feet, monthly rents start from $2,220. The first apartment tower, 7160 Optima Kierland, achieved the fastest leasing rate ever in the Valley in its debut in 2017 and has maintained 95 percent occupancy ever since.
“There is a major trend at play with renters looking to downsize from their single-family homes in favor of the luxury and convenience of the Optima lifestyle, many of whom have relocated from out of state or are considering doing so,” said David Hovey Jr., AIA, president and principal architect of Optima. “With the debut of 7140 Optima Kierland, we’re excited to be able to offer prospective residents a chance to enjoy the community’s unmatched location, services and amenities, and to be able to meet the demand for large, well-appointed apartment homes in the Valley.”
Offered in two different finish packages, the homes feature luxury plank flooring throughout, solar shades, floor-to-ceiling glass walls to let in an abundance of natural light, expansive outdoor terraces for indoor-and-outdoor living and the latest in automated smart home technology. The elevated living experience at Optima Kierland Apartments extends beyond the design and finishes of this community to include an extraordinary service experience for residents. All residents will enjoy the experience of Optima’s complimentary in-home concierge program, Optimized Service®, that provides assistance with ordinary conveniences seven days a week, encompassing dry cleaning pickup and delivery straight to the closet, in-home plant watering and package delivery inside the home within 24 hours of being delivered to the community, among others. A virtual concierge service is also available to book reservations or appointments, coordinate travel and other similar tasks. The onsite property management team at Optima Kierland Apartments was recently awarded the Best Community and Management Team at the 2020 Arizona Multihousing Association Tribute Awards for their work with the first rental tower, 7160 Optima Kierland.
One of the strongest draws for renters has been the 12-story tower’s collection of private amenities exclusive to residents, a favorite of which includes the rooftop Skydeck that features a resort pool, spa, yoga studio, steam room, lounge and running track set against the breathtaking, 360-degree backdrop of the McDowell Mountains. Additionally, residents will enjoy amenities designed for wellness and entertaining like barbeques and fire pits, event and party spaces with retractable glass walls, and a bar, lounge and kitchen; a full-size indoor basketball court; an outdoor cold plunge, hot spa, steam room, sauna and hydrotherapy area; an electronic gaming room with an activities lounge and a golf simulator; a residents’ club with a theater and game room; a fitness center with cardio and strength training equipment, free weights, stretching and yoga areas and an outdoor exercise area; a business center with a conference room and coworking rooms; and laundry facility for oversized items. For residents with pets, the community boasts a covered and lit dog park, pet spa, and 5.5 acres of landscaped courtyards.
Optima has tapped contemporary furnishing company Room & Board to design one of the three model homes available for private tours, the first national partnership of its kind for the brand. Hailed for their timeless furniture and home decor sourced from sustainable materials and manufactured by American artisans, Room & Board’s philosophy is in perfect alignment with Optima’s reputation for bringing first-class craftsmanship and innovative products to the market.
The leasing gallery is open for in-person or virtual tours. Optima is taking necessary precautions to ensure proper health and safety standards are being maintained in the building’s common areas and models.
7140 Optima Kierland is being built by award-winning real estate development firm Optima and joint-venture partner Principal Real Estate Investors. The tower is located just steps from the Westin Kierland Resort and the dining, shopping and nightlife of Kierland Commons and Scottsdale Quarter and is expected to complete in April 2021.
Optima is a privately-held, design-driven real estate development firm with offices in Illinois and Arizona. For more than 40 years, Optima has been developing, designing, building, marketing and managing striking urban and suburban luxury residential communities. From the beginning, Optima aimed to reinvent housing by integrating the functions involved in new construction within one company. Optima controls and executes every aspect of the process in-house – development, design, construction, sales and management – for a dynamic system that offers greater focus and fluidity. Optima is committed to delivering extraordinary living through design, innovation, sustainability and management. The result has been the creation of over 40 communities in Arizona and Illinois, along with being nationally recognized with over 50 prestigious awards.
Principal Real Estate Investors manages or sub-advises $82.9 Billion in commercial real estate assets (as of June 30, 2020). The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.
