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Thompson Thrift Breaks Floor on $225M Phoenix-Space Challenge

by Index Investing News
May 4, 2025
in Property
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Thompson Thrift broke floor late final month on The Gilmore, a 35-acre mixed-use improvement within the Phoenix suburb of Gilbert, Ariz.

A rendering of The Residences at Gilmore, the mixed-use venture’s multifamily element. Picture courtesy of Thompson Thrift

The Gilmore will embrace roughly 200,000 sq. toes of grocery, retail and restaurant area, a resort and 300 luxurious condo properties simply off Loop 202 on the northwest nook of Val Vista Drive and Germann Highway.

The primary resident move-ins ought to start in early 2027, and retailers will possible start to open within the second half of subsequent 12 months.

Among the many first 25 tenants that signed leases are Insurgent Wine Lounge, Jersey Mike’s, Sweathouz, a 64,000-square-foot Safeway, Higher Buzz Espresso, Sq. 1 Meals Corridor, Handel’s Ice Cream, Woof Gang Bakery, Over Straightforward, Phantom Fox Brewery, Stage 1 Arcade, and Nook Kitchen.


READ ALSO: What’s Driving the Retail Sector’s Progress?


Floorplan choices for The Residences at The Gilmore comprise 300 studios, one-, two- and three-bedroom condo properties averaging 1,000 sq. toes of residing area in varied layouts.

Thompson Thrift will embrace coated walkways, inviting widespread areas, murals by native artists and outside gathering areas.

Thompson Thrift’s Arizona pipeline

Thompson Thrift has different ongoing developments in Arizona, together with Elliot Tech Middle in Mesa, Germann Commerce Middle in Queen Creek, Pointe17 and Refinery at Pointe17 in Phoenix, The Maddox in Buckeye, Stella in San Tan Valley and South Bridge Market in Maricopa.

Additionally within the Valley of the Solar, a brand new reasonably priced housing group La Esperanza Terrace has opened in west Phoenix, including almost 100 models for low-income households.

There’ll quickly be 590 models out there throughout two new condo tasks in North Phoenix’s Desert Ridge space that may combine luxurious and reasonably priced housing choices, together with retail and leisure areas.

Moreover, Central Station will characteristic two high-rise towers with 365 luxurious flats, 693 pupil housing beds, retail and workplace areas.

The EcoPhx at third Avenue and Roosevelt Road is a sustainable 70-unit condo group with greywater recycling, photo voltaic power utilization, a car-share program and retail area.

In Scottsdale, Optima has moved forward with its $1 billion multiphase venture, comprising six buildings with expansive facilities.

And Ray Phoenix, a 26-story luxurious tower forecast to be accomplished by early 2026 in downtown Phoenix has topped out.



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Tags: 225MBreaksGroundPhoenixAreaProjectThompsonThrift
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