The Scottsdale condo market is making a comeback with new developments along Scottsdale Road. The Optima Kierland condos are under construction with a new high-end apartment tower already open.
The 12-story tower has 220 units ranging from 720 to 4,550 square feet and from one to five bedrooms. Prices start in the $300,000’s. Sixty percent of the units have been sold. Construction will be completed next year. The condos are being built with sustainable construction under the city of Phoenix’s International Green Construction Code.
“We set out to create something that would stand apart from the crowd at Optima Kierland and local market reception tells us we have realized that goal,” said Hovey, president of Optima. “There is no other place in the Valley where individuals can achieve the elevated lifestyle they will experience at Optima Kierland.” Kierland Optima features a rooftop pool, large fitness center, indoor basketball and squash courts, a high-tech golf simulator and concierge services.
The new high-end apartment tower opened in April and is a 10-story tower with rents ranging between $1,425 and $5,275 per month.
Other luxury condo projects along Scottsdale Road:
Artesia, a new 500-unit luxury condo development with Meritage Homes off Indian Bend Road is planning to launch soon. The Artesia project is across from the McCormick-Stillman Railroad Park and near the big new Ritz-Carlton being built across Scottsdale Road in Paradise Valley. Prices will be between $400,000 and $1 million.
The Sage condos are on the east side of Scottsdale Road across from Scottsdale Fashion Square and are almost sold out. The final phase features 72 units with 2 remaining units available.
