The first residents are moving into the $1 billion Optima McDowell Mountain luxury community being developed in an area surrounded by intense growth.
The 22-acre Optima community, at the southeast corner of Loop 101 and Scottsdale Road, will include a mixture of 1,330 luxury rental apartments and for-sale condominiums, as well as 36,000 square feet of retail and restaurant space.
The first eight-story apartment tower will complete construction early next year, with monthly rates starting at $2,900 and soaring to more than $10,000. Sales kicked off in May for the luxury condominiums, with prices ranging between $600,000 to more than $3 million for these luxury units.
Many buyers are customizing their units, as more than 40% of early reservations are for custom combination homes. Resident