Mission Escondida Luxury Apartments, aka "MELA"

Mission Escondida Luxury Apartments, aka "MELA"
San Antonio, Texas
360 Units – Built 2020
Closed April 2021

Mission Escondida Luxury Apartments "Mela" is a 360-unit Class-A community located just south of downtown San Antonio near the San Antonio River and Riverside Golf Course. The central location places residents in the heart of the Heritage World Park and with immediate access to I-10 and I-35, providing easy access to significant employment and cultural centers. San Pedro Creek Cultural Park, Mission Conception, Mission Conception Sports Park, Hemisphere Park, and the San Antonio Riverwalk attract international and local visitors. Major employers within easy reach include University Health Systems, Toyota Manufacturing, Southwest Research Institute, Brooks City Military Base, San Antonio Express News, Methodist Healthcare, and USAA.

Mela, completed in 2020, consists of 6 residential buildings and one fully amenitized Clubhouse. The property offers one-bedroom and two-bedroom floor plans ranging from 530 square feet to 1159 square feet. Unit amenities include large patios/balconies, 9-10' ceilings, full overlay cabinets, granite counters, faux-wood flooring, stainless steel appliance package, and walk-in closet. Many units offer dual vanities, soaking tubs, walk-in showers, and private yards. The community amenities include a state-of-the-art Clubhouse, yoga studio, fitness center, resort-style swimming pool, dog park, valet trash, bike storage, walking trails, tech lounge, picnic areas, demonstration kitchen, fire pit, Pawderosa Dog Spa, controlled access, elevators, and storage lockers.

Embry Management assumed property management services at closing. ApexOne Multifamily Special Situation Fund IV, LP purchased Mela and will hold long-term for growth and appreciation.