A mammoth apartment complex in Scottsdale, carrying a $1 billion price tag, has cleared a final hurdle with the approval of the city’s Development Review Board.
The project had been given a green light from the Scottsdale City Council late last year.
As envisioned, what is being called the Optima McDowell Mountain Village will see the construction of half a dozen buildings, all 10 stories in height, and housing just over 1,300 apartment and condo units.
By any measure, the project off North Scottsdale Road is big: around 20 acres between Mayo Boulevard on the south and Arizona State Route 101 to the north.
As developed by Optima Realty Incorporated, which has offices in Scottsdale, the village will include up to 38,000 square feet of commercial space, rooftop swimming pools, both underground parking as well as an underground trash system, and a bicycle/pedestrian path running through the site.
One of the most visual facets of the project will see rooftop trees and shrubbery, as well as terraces on each floor of the structures featuring trailing native plants.
“From a sustainability perspective,” notes the publication Greater Phoenix In Business, the village will comprise “the largest private rainwater harvesting site in the U.S.”
It is expected that work on the Optima Village will begin sometime this summer.
Founded in 1978, Optima Realty has had a strong presence in Arizona, having completed projects in the cities of Carefree, Paradise Valley, and Phoenix.
By Garry Boulard
