The NRP Group, a vertically integrated developer, builder and manager of multifamily housing, announced the financial closing and groundbreaking of an upscale, 353-unit multifamily development within Medina Station, a 60‑acre master planned community in Mesa, Arizona. The four‑story, elevator‑served community will be built on a 10‑acre parcel in the northeast quadrant of the master plan, bringing thoughtfully designed apartment homes to families, working professionals and students in one of the fastest‑growing corridors in the Southeast Valley of the Phoenix metropolitan area.
Project financing was provided by Origin Investments as the equity partner, with debt capital from lender U.S. Bank. This represents the first investment for Origin’s Select Asset Fund and the third time The NRP Group and Origin Investments have partnered together in a new ground-up development. Origin Investments is also an equity partner in NRP Group’s 353-unit Haynes Lofts community in San Antonio and a 340-unit Class-A development in East Austin.
“We identified this pocket of Mesa as a unique and compelling opportunity due to its strong demographics, beautiful surroundings and exceptional commercial offerings,” said Austin Kates, Vice President of Development at The NRP Group. “This community will provide high‑quality homes in a walkable environment surrounded by established retail, dining and employment hubs. What sets this site apart is its suburban location paired with direct proximity to top retail offerings, enabling residents to access everyday conveniences without needing to get in their car. We’re thrilled to bring a thoughtfully designed community to Medina Station and contribute to the continued growth of the Southeast Valley.”
Located at 10941 E Southern Ave., the development is within walking distance of major commercial retailers in Medina Station and the surrounding area, including Target, Sprouts Farmers Market, EōS Fitness, a variety of sit-down and fast-casual dining options, and personal service providers. The site offers convenient access to US-60 and Loop 202, providing direct connectivity to key regional employment centers such as the Elliot Road Technology Corridor, Mesa Gateway Airport, and surrounding hospital networks. Approximately 15 minutes southeast of the property is LG Energy Solutions’ $5.5 billion battery manufacturing campus, which is currently under development and expected to generate thousands of new jobs in the area. In addition, the community is well positioned near educational institutions, including ASU’s Polytechnic Campus and A.T. Still University.
“Medina Station is well positioned to be a premier development in Mesa,” said Jacob Sojka, Vice President of Acquisitions at Origin Investments. “The project benefits from a strong location within a mixed-use community that includes planned retail, creating instant appeal. In addition, NRP’s reputation as a tier-one developer adds meaningful experience, credibility, and scale.”
The new community will include a mix of studios and one-, two- and three-bedroom residences totaling more than 340,000 square feet of rentable space. In addition to the main four-story building, six two-story carriage-style buildings will be located around the perimeter of the property, offering direct-access units as well as rentable garage space for residents.
The architectural design takes inspiration from the master plan’s desert modern aesthetic and natural surroundings. Residences will include washer and dryer units, private balconies, stainless steel appliances, quartz countertops, walk-in closets and private yards in select units, as well as unobstructed views of the Superstition Mountains.
Residents will have access to a robust amenities package designed around wellness, convenience and connection, featuring a resident clubhouse lounge with coffee stations, a business center with coworking spaces, a fully equipped fitness center and an outdoor pool area complete with a spa jacuzzi, cabanas and grill stations. Residents will also enjoy a dedicated dog park, landscaped courtyards with fire pits, comfortable seating areas and a golf putting green. Additional conveniences include surface parking, carports, garages, rental storage units and pedestrian access gates that provide direct walkability to the commercial offerings within the Medina Station master plan.
The Phoenix metro area remains a priority market for The NRP Group, underscoring the firm’s strategic commitment to one of the fastest-growing counties in the U.S. In December, the firm broke ground on Desert Sky, a 288-unit affordable housing community in West Phoenix. This expansion reflects strong confidence in the region’s long-term rental housing market, driven by robust job growth and sustained year-over-year in-migration patterns. The NRP Group has developed more than 67,000 apartment homes in 17 states since 1994 and currently manages over 30,000 residential units across the U.S.
Construction of the new 353-unit community will begin later this month, with completion expected in 2028.
