Thompson Thrift Unveils a New Mixed-Use Gem in Arizona
Thompson Thrift has initiated the groundbreaking of a remarkable $225 million development known as The Gilmore. This expansive 35-acre mixed-use project promises to revitalize the area with a unique combination of residential and commercial spaces, including a Safeway grocery store, boutique restaurants, and various retail options. Located within the thriving Southeast Valley, this development marks a significant addition to the community.
A Vision for Modern Living and Shopping
The Gilmore is designed to offer residents and visitors a cohesive community experience. Encompassing 300 luxury apartments and approximately 200,000 square feet dedicated to retail and dining, the project aims to enhance the local lifestyle.
Scheduled Openings and Development Timeline
Construction is expected to welcome the first retailers by late 2026 and initiate resident move-ins in early 2027. This phased approach reflects Thompson Thrift's commitment to a thoughtful rollout, ensuring that each aspect of the development meets the high expectations of future residents and shoppers.
Key Features Highlighting Developer's Strategy
This project exemplifies Thompson Thrift's One Team approach, emphasizing collaboration among various divisions within the company. According to Dan Sink, president and CFO, their expertise in construction, residential, and commercial development is crucial for creating a destination that delivers lasting value for the Gilbert community.
Developer Confidence Evident in Leasing Activity
Over 25 leases have already been secured, with notable tenants such as a 64,000-square-foot Safeway and several popular dining spots. Anticipated establishments include Better Buzz Coffee, Handel's Ice Cream, Jersey Mike's, and Phantom Fox Brewery, among others. This diverse mix of tenants aims to attract both local residents and visitors, fostering a vibrant community atmosphere.
Residential Comfort Meets Urban Convenience
The multifamily component, referred to as The Residences at The Gilmore, promises an upscale living experience with a modern touch. Offering various layouts, including studio, one-, two-, and three-bedroom homes, each averaging around 1,000 square feet, this development caters to diverse living needs.
A Community of Connections and Convenience
According to Josh Purvis, managing partner for Thompson Thrift Residential, the apartments are designed for those seeking modern living solutions complemented by an array of premium amenities. The goal is to deliver a seamless blend of comfort, quality, and connection, with direct access to shopping and dining options available right outside residents' doors.
Creating a Sense of Place
Thompson Thrift's vision for The Gilmore emphasizes a vibrant community space. The design incorporates a Main Street-style entrance, inviting landscaping, covered walkways, and outdoor gathering areas featuring local art. This attention to creating aesthetic appeal and communal spaces aims to foster engagement among residents and visitors alike.
Gilbert's Dedication to Economic Vitality
Gilbert has gained recognition as one of the best places to live in America, owing to its investor-friendly environment, economic diversity, and premium educational institutions, making it an attractive market for new developments. The city continues to support local growth, providing significant opportunities for both residents and businesses.
Thompson Thrift's Commitment to Arizona
The company is actively engaged in several ongoing projects across Arizona, reinforcing its commitment to enhancing local markets. In addition to The Gilmore, Thompson Thrift's portfolio encompasses notable developments such as Elliot Tech Center and Germann Commerce Center, illustrating its strategic investment in multifamily, retail, and mixed-use spaces throughout the state.
A Trusted Partner in Real Estate Development
Thompson Thrift boasts a well-established reputation for quality in real estate development. Over its nearly 40-year history, the company has invested more than $6 billion into communities nationwide, consistently focusing on high-quality and attractive commercial and residential developments. They remain dedicated to providing valuable partnerships and exceptional spaces for years to come.
About Thompson Thrift Real Estate Company
Thompson Thrift operates as an integrated real estate firm, with offices in major cities across the Midwest, Southwest, and beyond. Three core business units—Thompson Thrift Residential, Commercial, and Construction—drive the company’s success. Collectively, they manage all aspects of development and construction, earning recognition as a leader in their field.
Celebrating Workplace Excellence
The commitment to excellence extends beyond development, as the company has been recognized as a Top Workplace, reflecting their dedication to creating a positive environment for employees and stakeholders alike. This holistic focus underlines their belief in the importance of community and workplace engagement.
Frequently Asked Questions
What is The Gilmore project by Thompson Thrift?
The Gilmore is a $225 million mixed-use development in Gilbert featuring residential, retail, and dining options.
When will The Gilmore open?
The retail spaces are expected to begin opening in late 2026, with resident move-ins in early 2027.
What amenities will be available at The Residences at The Gilmore?
The residences will offer upscale amenities, including modern interiors and communal outdoor spaces.
Where is The Gilmore located?
It's situated at the northwest corner of Val Vista Drive and Germann Road, ideally positioned in the Southeast Valley.
How does Thompson Thrift contribute to local communities?
Thompson Thrift invests in various commercial and residential projects, enhancing local economies and community infrastructure.
