Opus Group JV Opens 1st Phase of Phoenix-Area Luxury Project
The entire community is on track for completion by March 2024.
Melody on Main. Photo by Todd French, courtesy of The Opus Group
A joint venture between The Opus Group and Griffin Capital Co. has opened the first phase of Melody on Main, a 335-unit luxury multifamily development in Mesa, Ariz. Specifically, two of the five buildings comprising the project have come online; the community will reach full completion by March 2024.
The Opus Group broke ground on the development, formerly known as Mesa Arts District Lofts, in December 2021. The project had become subject to a $53 million construction loan from UMB Bank that June, according to Yardi Matrix data. MT Builders serves as general contractor and P.B. Bell is providing management services.
Melody on Main is coming online through Griffin Capital’s Qualified Opportunity Zone Fund II, which comprises 4,096 units across 12 properties, at a total development cost of $1.3 billion. Last year, the company joined forces with Legacy Partners to build a 363-unit community in Aurora, Colo., through the firm’s Fund I. Together, the two vehicles operated investments in 17 cities for a combined $2.3 billion.
A new Mesa luxury community
At full build-out, Melody on Main will incorporate studio, one-, two- and three-bedroom floorplans, along with live-work units, ranging from 502 to 1,666 square feet. It is also slated to include some 20,000 square feet of ground-floor retail. Apartments are to feature granite countertops, stainless-steel appliances, in-unit washers and dryers, 9-foot ceilings and private balconies or patios for select layouts. Common area amenities encompass a fitness center, bocce ball court, yoga studio, heated pool, hot tub and pet spa.
Located at 145 E. Main St., the 10-acre site is within downtown Mesa and roughly 20 miles from downtown Phoenix, near Mesa Contemporary Arts Museum and Mesa Arts Center. The property is also within walking distance of the Center/Main St. light rail station providing car-free access to various points of interest.
