7140 Optima Kierland outpaces leasing market by double

Real Estate | 19 May |

As temperatures in the Valley continue to heat up, the demand for luxury real estate has proven to be just as hot as Optima announced today its North Scottsdale apartment tower, 7140 Optima Kierland, is 95 percent leased less than a year after opening.

As the second apartment tower located within Optima Kierland Apartments, 7140 Optima Kierland’s lease-up outpaces the rental market by nearly double. Comprised of 213 thoughtfully designed, one-, two- and three-bedroom and penthouse residences ranging in size from 737 to 2,225 square feet, monthly rents start from $2,140. The first apartment tower, 7160 Optima Kierland, achieved the fastest leasing rate ever in the market in its 2017 debut and has maintained 95 percent occupancy ever since.  


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“As the newest luxury rental opportunity in the North Scottsdale submarket, we have been pleased with the enthusiasm from renters who are looking for a highly amenitized, full-service living experience in a modern setting,” said David Hovey Jr., AIA, president and COO of award-winning Optima. “These brand-new residences offer luxurious desert living unlike any other apartment community in the Valley with immediate, walkable access to the Valley’s best shopping, dining, culture and outdoor activities. With many recent residents coming from California, 7140 Optima Kierland provides the perfect introduction to what life in the Valley is all about.”

Offered in two different finish packages, the homes feature luxury plank flooring throughout, solar shades, floor-to-ceiling glass walls to let in an abundance of natural light, expansive outdoor terraces for indoor-and-outdoor living and the latest in automated smart home technology. The elevated living experience at Optima Kierland Apartments extends beyond the design and finishes of this community to include an extraordinary service experience for residents. Residents enjoy the experience of Optima’s robust service offering, including complimentary in-home concierge program, Optimized Service®, that provides assistance with ordinary conveniences seven days a week, encompassing dry cleaning pickup and delivery straight to the closet, in-home plant watering and package delivery inside the home within 24 hours of being delivered to the community, among others. A virtual concierge service is also available to book reservations or appointments, coordinate travel and other similar tasks.  The onsite property management team at Optima Kierland Apartments was recently awarded the Best Community and Management Team at the 2020 Arizona Multihousing Association Tribute Awards for their work with the first rental tower, 7160 Optima Kierland.  

One of the strongest draws for renters has been the 12-story tower’s collection of private amenities exclusive to residents, a favorite of which includes the rooftop Skydeck that features a resort pool, spa, yoga studio, steam room, lounge and ¼-mile running track set against the breathtaking, 360-degree backdrop of the McDowell Mountains. Additionally, residents will enjoy amenities designed for wellness and entertaining like barbeques and fire pits; event and party spaces with retractable glass walls and a bar, lounge and kitchen; a full-size indoor basketball court; an outdoor cold plunge, hot spa, steam room, sauna and hydrotherapy area; a gaming room with an activities lounge and a golf simulator; a residents’ club with a theater and game room; a fitness center with cardio and strength training equipment, free weights, stretching and yoga areas and an outdoor exercise area; a business center with a conference room and coworking rooms.  For residents with pets, the community boasts a covered and lit dog park, pet spa and 5.5 acres of landscaped courtyards.  The building also features a laundry facility for oversized items.

7140 Optima Kierland was built by award-winning real estate development firm Optima, in venture partnership with Principal Real Estate Investors. The tower is located within the Optima Kierland Center development, within walking distance from Kierland Commons, Scottsdale Quarter and Westin Kierland Resort. The leasing gallery is available for private, in-person and virtual tours. For more information about 7140 Optima Kierland and to inquire about leasing, visit OptimaKierlandApartments.com.

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