$1 billion Optima McDowell Mountain luxury community welcomes first residents

Article originally posted on Phoenix Business Journal on October 10, 2025

The first residents are moving into the $1 billion Optima McDowell Mountain luxury community being developed in an area surrounded by intense growth.

The 22-acre Optima community, at the southeast corner of Loop 101 and Scottsdale Road, will include a mixture of 1,330 luxury rental apartments and for-sale condominiums, as well as 36,000 square feet of retail and restaurant space.

The first eight-story apartment tower will complete construction early next year, with monthly rates starting at $2,900 and soaring to more than $10,000. Sales kicked off in May for the luxury condominiums, with prices ranging between $600,000 to more than $3 million for these luxury units.

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