OMMV Breaking Ground

Hello everyone! We hope you had a fantastic 4th of July. We have been keeping our ears to the ground for any news on Optima McDowell Mountain Village. We're excited to confirm that the project is expected to break ground in the summer of 2023. We've got all this information from a recent interview with developer Dave Hovey Jr. featured in the Phoenix Business Journal. We have dissected the key takeaways from this informative discussion. Enjoy.

Looking East From Scottsdale Road

Finishing Optima Kierland & Starting OMMV

In the Phoenix Business Journal interview, David Hovey Jr., president, COO, and principal architect for Optima Inc., shared some of the latest updates about Optima Kierland and OMMV. Here are the key takeaways:

• Final tower at Optima Kierland to be completed by September.
• 7190 Optima Kierland, the final piece, is already 40% leased.
• Rent prices range from $2,400 to $7,800.
• Over 60% of three-bedroom units already leased.
• Attracting renters over the age of 60.
• OMMV, a new community of approx. 1,330 units, will break ground this summer.
• OMMV received support from Phoenix City Council, planning commission, and building departments.

The news about Optima McDowell Mountain Village couldn't have come at a better time, as the leasing process is progressing smoothly at 7190 Optima. With this momentum, Hovey expects to kick off the construction of the Optima McDowell Mountain Village project this summer.

Also Read: Optima McDowell Mountain Village Rooftop & Grade-Level Amenities

Looking North Up Scottsdale Road

The Future of Optima McDowell Mountain Village

Hovey's plans for Optima McDowell Mountain Village are ambitious and exciting:

• Project approved for construction this summer.
• Initial construction phase to include about 210 luxury apartments.
• Additional 210 for-sale condominiums in the pipeline.
• The project to house approximately 1,330 units.
• One-third condos and two-thirds rental apartments.
• A proximity advantage to Banner Health's proposed hospital campus and Mayo Clinic's expanded campus.
• Implementation of a rainwater harvesting site to reduce overall water usage.

Looking Northwest Towards Scottsdale Road And Loop 101

In Closing

It's an exciting time for North Scottsdale. OMMV promises to bring a luxurious living experience to its residents while contributing positively to the local environment. That's the latest update we have for you. We're thrilled to see these developments come to life in our beloved Scottsdale area, and we can't wait to share more updates. Stay tuned!