Under Construction

Optima McDowell Mountain

Optima McDowell Mountain is a roughly $1 billion luxury residential community spread across 22 acres at the southeast corner of Scottsdale Road and the Loop 101 in North Scottsdale, Arizona.

Official Website
TMW IntelligenceVerified Oct 1, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
02.24
Start
~2027
Completion
1330
Units
8
Floors

Financed with $37.1M from Western Alliance Bank in 03.25.

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Details

7220 East Mayo Boulevard, Scottsdale. 8 floors and 1330 residences. Broke ground February 2024, targeting 2027. Financed with $37.1M from Western Alliance Bank in March 2025.

The story so far
Announced 2024 est.
Broke ground Feb 2024Optima broke ground on the first building of its ~$1B, 1,330-residence McDowell Mountain Village in North Scottsdale (first building a JV with Mitsui Fudosan America).
optima.inc
Financing secured Mar 2025$37.11M senior loan from Western Alliance Bank (arranged by CapMatrix) for land/infrastructure, per AZ Big Media
azbigmedia.com
Sales launched Jul 2025Optima launched condo sales at 7230, the community's first for-sale tower with 196 residences, per Optima official announcement
optima.inc
Resident move-in Oct 2025First residents move into Tower 7220, the community's first eight-story apartment building, per KTAR
ktar.com
Topped out Jul 2026Second tower (7230, 196 condos) topped out; first tower 7220 delivered fall 2025 per MultifamilyBiz
multifamilybiz.com
Sales and leasing run ahead of schedule Jul 2026the 7230 condominium tower is about 40% sold while the 7220 apartment tower approaches 65% occupancy
multifamilybiz.com
Expected opening 2027 est.
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
Supply pressure 62 · ElevatedScottsdale marketMarket →
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About the project

Optima McDowell Mountain is a roughly $1 billion luxury residential community spread across 22 acres at the southeast corner of Scottsdale Road and the Loop 101 in North Scottsdale, Arizona. Developed and designed in house by Optima, the Chicago and Scottsdale firm led by architects David Hovey Sr. and David Hovey Jr., the master plan comprises six eight-story buildings totaling 1,330 rental apartments and for-sale condominiums, anchored by Tower 7220, a 210-residence rental building, and 7230, a 196-residence condominium tower. Optima's signature biophilic architecture wraps each building in floor-to-ceiling glass and private terraces planted with native desert landscaping through a vertical landscape system, while roughly 75 percent of the site is preserved as open space and served by what Optima describes as the largest private rainwater harvesting system in the United States. Residences offer nine to ten foot ceilings, smart-home technology, granite countertops and frameless showers. The amenity program rivals a private club, with a 50-meter Olympic pool and rooftop deck, a rooftop running track, a state-of-the-art fitness center, indoor and outdoor pickleball courts, a basketball court, an outdoor putting and chipping green, a golf simulator lounge and fire pit terraces. Roughly 36,000 square feet of retail and dining complete the community, placing it steps from Scottsdale's Perimeter Center and the One Scottsdale district.

Developer & design
Developer
Design
The Scottsdale market 62 · Elevated supplyNorth Scottsdale 7-project pipeline · 5,411 residences and keys · peak Late ’27 Explore the market →
Common questions

Frequently asked

Where is Optima McDowell Mountain located?

Optima McDowell Mountain is located in Scottsdale.

When will Optima McDowell Mountain be completed?

Optima McDowell Mountain is under construction, with completion expected in 2027 (a TMW estimate).

Who is developing Optima McDowell Mountain?

Optima is the developer behind Optima McDowell Mountain.

Who designed Optima McDowell Mountain?

Optima McDowell Mountain was designed by Optima.

How big is Optima McDowell Mountain?

Optima McDowell Mountain rises 8 stories with 1330 residences.