Home Alts News Griffin Capital Opportunity Zone Development in Arizona Opens to First Residents

Griffin Capital Opportunity Zone Development in Arizona Opens to First Residents

Melody on Main, one of 12 multifamily communities being developed as part of Griffin Capital Qualified Opportunity Zone II, sponsored by Griffin Capital Company LLC,  has completed phase one and began welcoming new residents. Two of the five buildings that will comprise Melody on Main are now finished and open, with the remaining three buildings scheduled to be complete in March 2024.

Griffin acquired the land and announced plans for the development in June 2021.

Located at 145 East Main St., Griffin says Melody on Main offers upscale studio, one-, two-, and three-bedroom apartments in the heart of downtown Mesa. Developed and designed by The Opus Group, each apartment home features a kitchen with granite countertops and tile backsplash, wood style plank flooring, washer and dryer, and nine-foot ceilings.

Community amenities include indoor and outdoor gathering spaces featuring plush seating, games and gourmet grill and cook stations, a third-story social lounge, resort-style pool, 24-hour fitness center, yoga studio, bocce ball court, creative suite with conference rooms, dog park and dog spa.

“This is another pivotal moment in the evolution of our downtown corridor,” said Mesa Mayor John Giles. “We’re thrilled to have more housing coming online and appreciate The Opus Group’s investment in and commitment to Mesa.”

Melody on Main is one of 12 communities being developed by Griffin Capital Qualified Opportunity Zone Fund II L.P., which will comprise 4,096 apartment units with an estimated total project cost of approximately $1.3 billion.

As The DI Wire previously reported, Griffin Capital Company LLC and Legacy Partners have announced the start of construction on a 380-unit multifamily community located in Aurora, Colorado.

Founded in 1995, Griffin Capital has owned, managed, sponsored or co-sponsored investment programs encompassing more than $23 billion in assets.

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