AZRE / 08.28.17
Ascentris and its development partner, Optima, announced today that the partnership’s 7160 Optima Kierland apartments in North Scottsdale reached 95% leased. The 10-story, 150-unit tower, located adjacent to Kierland Commons shopping center, delivered in May 2017. The grand opening of the leasing center occurred, and preleasing began, in February 2017.
7160 Optima Kierland represents the pinnacle of luxury for-lease apartments
in the Scottsdale market. The building includes a full-service fitness center, rooftop pool, sauna, basketball court, and media center. The rooftop pool features an elevated, negative-edge deck that allows for some of the best unobstructed views in North Scottsdale. In addition to the upscale amenities and interior finishes, the building features a glass facade and oversized balconies with hanging gardens and commands some of the highest rental rates in the Phoenix market.
“The rapid lease-up of 7160 Optima Kierland, at rental rates in excess of proforma, is a testament to the quality and uniqueness, of the product that Optima builds,” said Ascentris Managing Director Dan Cohen. “Optima Kierland provides a truly differentiated living experience for its residents, at a location that is second to none in North Scottsdale,” continued Cohen.
In December 2015, the Optima and Ascentris partnership purchased the site for 7160 Optima Kierland, which represents the first phase in a three-phase, master planned development on the 9- acre site that Optima purchased in 2015. Located immediately adjacent to the apartments is 7120 Optima Kierland, a 12-story, 220-unit luxury condominium tower that will feature an upscale amenity package and customizable finishes in each unit. Construction of the condo tower, which is owned by another partnership between Optima and Ascentris, began in early 2017. 7120 Optima Kierland is 70% pre-sold, with first units scheduled to deliver during 1Q-2018.