Greenlight Communities, Arizona’s leading developer of attainable workforce rental housing, in a joint venture with PGIM’s real estate business, has closed on a land purchase for its newest community, Cabana Mesa Drive, located at 515 N. Mesa Drive in Mesa.
Cabana Mesa Drive will be Greenlight’s nineteenth project in Arizona and its third in Mesa. The 6-acre site will be developed into 180 apartment homes, including a mix of studio, one- and two-bedroom units. Construction will begin in early September, with completion scheduled for January 2027.
The site was chosen for its strategic location, with strong access to transit, infrastructure, amenities, and jobs. Cabana Mesa Drive lies minutes away from Downtown Mesa, which has seen a recent surge of investment and revitalization. With light rail nearby, residents will have a direct connection to jobs, schools, and services throughout the metro area. As an infill site, it also helps the city grow in a smarter way, using land that is already connected to transportation and infrastructure. Perhaps most importantly, this project brings new housing to a part of Mesa where too many renters today are stuck choosing between expensive new apartments or older housing that hasn’t kept up with today’s standards.
“Cabana Mesa Drive represents exactly why we started Greenlight Communities,” said Pat Watts, Co-Founder and Senior Partner at Greenlight Communities. “Mesa is experiencing incredible growth and revitalization, but many of the new developments are either luxury apartments or single-family homes. Our goal is to deliver high-quality, attainably priced homes for the members of the workforce that keep this city thriving. This location is ideal because it allows residents to stay connected to jobs, transit, and the energy of downtown Mesa while still being able to afford their rent.”
The new community will feature a signature pool, clubhouse and fitness center, dog park, and landscaped open space to bring neighbors together. Inside the apartments, residents will find quartz countertops, stainless steel appliances, wood-style plank flooring, nine-foot ceilings, and in-unit washers and dryers.
Greenlight is partnering with PGIM‘s real estate business on the project, one of the world’s leading real estate investment managers. PGIM’s backing adds strength and long-term vision to Cabana Mesa Drive.
“We are pleased to partner with Greenlight Communities on Cabana Mesa Drive. This investment reflects our shared commitment to creating quality communities and addressing the critical demand for housing across the Valley. The opportunity to support a well-located development in a growing part of Mesa aligns with PGIM’s strategy of partnering with strong operators that have proven track records,” said Ola Oyinsan Hixon, Portfolio Manager for PGIM’s real estate business.
