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Ascentris commits to another condominium development in Arizona
Transactions - DECEMBER 18, 2018

Ascentris commits to another condominium development in Arizona

by Released

Ascentris has committed to develop a third luxury residential development in Scottsdale, Ariz.

Ascentris and its development partner, Optima, broke ground on 7180 Optima Kierland, a 12-story, 202-unit luxury condominium tower located at the corner of North Scottsdale Road and Kierland Boulevard, with an expected delivery date of first quarter 2021.

7180 Optima Kierland represents the partnership’s third residential development together at this location. In December 2015, Optima closed on the 9-acre site, located adjacent to the popular Kierland Commons and Scottsdale Quarter shopping centers, and the partnership immediately began developing two luxury residential properties. 7160 Optima Kierland, a 150-unit apartment property, delivered in May 2017 and reached stabilization in August 2017. 7120 Optima Kierland, a 220-unit condominium property, delivered in June 2018 and has just five units remaining for sale. 7180 Optima Kierland already has 40 units under reservation.

Consistent with 7120 Optima Kierland, the new condominium tower will feature a best-in-class amenity package, including a full-service fitness center, rooftop pool, sauna, basketball court, squash court, golf simulator, yoga room and media center. The rooftop pool will feature elevated, negative-edge decks that eliminate the need for railings and allows for some of the best unobstructed, 360-degree views in all of Phoenix. In addition to the upscale amenities and interior finishes, the building will feature a glass facade and oversized balconies with hanging gardens that have become the standard for all Optima developments in Phoenix.

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