The strong man is the one who is able to intercept at will
the communication between the senses and the mind.
By Eric Jay Toll for Arizona Builder’s Exchange
Furniture row on North Scottsdale Road will have more new apartments to decorate. Four 12-story mid-rise buildings with apartments and a luxury boutique hotel are proposed by Optima on the site of the former Robb & Stuckey Furniture galleries at Scottsdale Road and Kierland Boulevard.
The quartet of contemporary buildings built over two levels of below-grade parking will host 693 residential dwellings and up to 286 hotel rooms. The facility will house a conference center, restaurant and food service facilities, spa and fitness center. Designed with Optima’s signature concrete and glass, the top 11 stories and rooftop terrace rise from a grade-level amenities.
The three residential buildings feature party rooms and a residents’ club in each. The building fronting Kierland Boulevard connects to the hotel through the shared fitness center. The hotel lobby, restaurant, and back-of-house facilities are all based at ground level facing Scottsdale Road. The first level of below-grade parking features two green spaces open to the sky. One of the recessed open areas is around 6KSF and the other is around 5.4KSF. A pair of 400SF recessed areas also accent the parking level.
Green roof technology is proposed as a major construction feature for the buildings. The upper floors are wider than the ground floor. Optima says in its application the residential units and hotel float over the ground level facilities.
Situated across the street from Kierland Commons and northwest of Scottsdale Quarter, the new facility joins the under-construction Live Scottsdale North, 240-unit apartment complex to the east and 286 apartment units plus a 120-room hotel at the Quarter.
Optima is the turnkey developer of the project, providing design and serving as GC. Kimley-Horn delivered the civil work.
The property was originally acquired by JLB Partners, L.P., Irving, Texas, in 2012 (AZBEX, Jul. 13, 2012). The site is now proposed for development by Optima. JLB also acquired the sites for Optima to develop Optima Camelview and Optima Sonoran apartment-condominium communities near Fashion Square in Scottsdale. Optima also developed Optima Biltmore condominiums on 24th Street near Camelback Road.
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I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME
We barely could give land away the last few years, but times are changing. Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
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Walter Unger CCIM
Associate Broker, West USA Commercial Real Estate Advisers
7077 E. Marilyn Road, Bldg 4, Suite 130
Scottsdale, AZ 85254
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