Thompson Thrift Breaks Ground on Innovative Mixed-Use Project
Thompson Thrift Breaks Ground on Innovative Mixed-Use Project
The Gilmore will bring a Safeway, boutique restaurants, retail, hotel, and multifamily options to the local community.
Thompson Thrift, a full-service real estate company engaged in multifamily, mixed-use, industrial, and commercial projects, recently hosted a groundbreaking ceremony for The Gilmore, a grand 35-acre mixed-use venture in the Phoenix suburb.
Ashlee Boyd, managing partner of Thompson Thrift Commercial, expressed enthusiasm, stating, "The Gilmore's groundbreaking is an exciting milestone that brings our vision closer to reality. With a thoughtful blend of residential, retail, and public spaces, this development meets the community's evolving needs while becoming a vibrant destination for the region."
The ceremony presented visitors with an array of project highlights, including speeches from local dignitaries and Thompson Thrift team members, followed by a ceremonial groundbreaking. Attendees enjoyed refreshments, including treats showcased by future tenant Outcast Doughnuts.
Gilbert Mayor Scott Anderson echoed the sentiment, asserting, "The Gilmore will be a shining example of the thoughtful, community-focused developments we welcome here. We're proud to partner with Thompson Thrift on this project, which brings high-quality housing and dynamic retail to our community, reflecting the spirit of innovation that makes Gilbert a remarkable place to live and work."
Strategically located at the northwest corner of Val Vista Drive and Germann Road, The Gilmore is positioned at the heart of the Southeast Valley, providing approximately 200,000 square feet of grocery, restaurant, and retail space. The development will feature 300 luxury apartment homes and a hotel, and over 25 leases have already been signed. Notable brands include a 64,000-square-foot Safeway, Better Buzz Coffee, Jersey Mike's, and more.
The residences at The Gilmore will include 300 apartments, with studio, one-, two-, and three-bedroom options averaging around 1,000 square feet each.
This development aims to be a vibrant destination fostering a true sense of community. Its design features a Main Street-style entrance inviting visitors with seamless integration between shopping, dining, and residential spaces. Thoughtfully designed covered walkways, inviting communal areas, and local artistic murals encourage a sense of connection and togetherness.
Andrew Call, Thompson Thrift's vice president of development for the Southwest, emphasized the project's essence: "At its core, The Gilmore is about connection—between people, places, and purpose. Whether launching a business, planting roots, or simply enjoying life, this place will be where life comes together."
Thompson Thrift anticipates that retailers will commence opening in late 2026, with the first resident move-ins starting in early 2027.
Gilbert consistently ranks among the most desirable locations to live, thanks to its commitment to nurturing local businesses and maintaining an appealing cost of living.
Thompson Thrift remains active throughout Arizona with several notable developments advancing. Significant projects include Elliot Tech Center in Mesa, Germann Commerce Center in Queen Creek, and several others in the Phoenix area, showcasing the firm’s dedication to investing in high-growth markets and creating quality mixed-use environments.
As a prominent real estate development company, Thompson Thrift focuses on residential, commercial, and mixed-use development across the Midwest, Southeast, and Southwest. Over nearly 40 years, the company has invested over $6 billion into local communities, establishing a reputation for quality and trust.
About Thompson Thrift Real Estate Company
Thompson Thrift is an integrated real estate company with offices across multiple states, including Indianapolis, Denver, and Houston. The company operates through three main units—Thompson Thrift Residential focusing on upscale communities, Thompson Thrift Commercial for industrial development, and Thompson Thrift Construction as a full-service provider. This engagement allows for a comprehensive approach to development, leasing, and management of quality commercial real estate. Recently, the company was recognized nationally as a winner of the Top Workplaces award, underscoring its commitment to excellence.
Contact:
Jennifer Franklin
Spotlight Marketing Communications
949.427.1385
Frequently Asked Questions
What is The Gilmore project about?
The Gilmore is a 35-acre mixed-use development featuring residential, retail, and hotel options aimed at enhancing the community.
When are retailers expected to open at The Gilmore?
Retailers are anticipated to begin opening in late 2026, with the first residential move-ins starting in early 2027.
What types of residences will The Gilmore offer?
The project will feature 300 apartments ranging from studios to three-bedroom units, with designs averaging around 1,000 square feet.
Who is involved in The Gilmore development?
Thompson Thrift is spearheading the project, collaborating closely with local authorities to meet community needs.
How long has Thompson Thrift been operating?
Thompson Thrift has been in operation for nearly 40 years, focusing on residential, commercial, and mixed-use developments across the country.
About The Author
Contact Caleb Price privately here. Or send an email with ATTN: Caleb Price as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.