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Optima Receives City Approval for $1B Apartment, Condominium Project in North Scottsdale

Optima McDowell Mountain Village will feature six buildings comprising 1,330 luxury units as well as 36,000 square feet of commercial and retail space. The project marks Optima's most sustainable development to date.

SCOTTSDALE, ARIZ. — Real estate development firm Optima has received city approval for Optima McDowell Mountain Village, a $1 billion apartment and condominium project in North Scottsdale.

Plans call for six buildings comprising 1,330 luxury units as well as 36,000 square feet of commercial and retail space. Construction is scheduled to begin in spring or summer 2023.

Each of the six buildings within the development will contain its own amenity offering, including a rooftop deck with Olympic-length pool, sauna, spa, running track, outdoor kitchen and lounge seating. Each rooftop will offer views of the McDowell Mountains.

The ground floor of each building will be outfitted with a lobby, fitness center, yoga studio, steam room, game room, theater, indoor basketball and pickleball court, golf simulator, massage room, business center and dog park.

The project will be the largest private rainwater harvesting site in the U.S., according to the developer. The residences are expected to use half as much water as the average Scottsdale multifamily residence and a quarter as much water as the average Scottsdale single-family home. Optima is also providing the city with 2,750 acre-feet of water that will be deposited into the Scottsdale water system.

The community will also be the first project in Arizona to be built under both the new International Energy Conservation Code and International Green Construction Code. A few of the sustainable features include: 75 percent open space that will be a combination of artificial turf, xeriscape landscaping and native plants; high-performance mechanical systems and solar panels; 100 percent underground parking to mitigate the heat-island effect; and Optima’s signature vertical landscape system.

The vertical landscaping system features self-containing irrigation and drainage. Plants at the edge of each floor grow up and over the edge of the building. The plants help protect homes from the sun and create additional privacy.

Optima McDowell Mountain Village will be Optima’s most sustainable project to date, according to David Hovey Jr., president and COO.

Optima is a privately held development firm with offices in Arizona and Illinois.

— Kristin Hiller

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