In just six months from the opening date, the final tower’s occupancy has already surpassed 77 percent, thanks to the area’s strong multifamily demand.
By Anca Gagiuc | MHN
The fifth and final tower in the Optima Sonoran Village development has been finalized. The announcement came from Optima, the developer behind the four-tower Optima Kierland Center, a luxury four-building enclave 30 miles from downtown Phoenix. Concomitantly with the completion, the owner launched a new white-glove, in-home concierge program at all its Arizona rental properties.
Optima Sonoran Village, located on the southeast corner of 68th Street and Camelback Road, totals 768 residences with studio, one-, two- and three-bedroom floorplans ranging from 776 to 2,089 square feet, at rates between $1,700 and more than $5,000 per month. Demand for apartments in the area is elevated, leading to a fast absorption of new units. Since opening in May, the final tower is already more than 77 percent occupied.