Thompson Thrift Starts Development on Luxury Residences at The Gilmore in Phoenix Area

Thompson Thrift Unveils The Residences at The Gilmore



Thompson Thrift, a prominent full-service real estate developer, has kicked off construction on its latest project, The Residences at The Gilmore. This upscale living space is part of a sizable mixed-use development, sprawling over 35 acres in the vibrant Phoenix suburb of Gilbert, Arizona. The company anticipates welcoming the first residents by early 2027.

Located strategically in the bustling Southeast Valley, at the intersection of Loop 202, Val Vista Drive, and Germann Road, The Residences at The Gilmore will feature a modern and chic design. The community will consist of 300 apartment homes, offering various floor plans, including studio, one-bedroom, two-bedroom, and three-bedroom options housed within two elegant four-story buildings.

Josh Purvis, the managing partner for Thompson Thrift Residential, expressed his excitement about the new project, stating, "The Residences at The Gilmore will be a lifestyle destination that reflects the energy and character of Gilbert." He emphasized that every aspect, from premium amenities to integrated walkable retail spaces, has been meticulously designed to cultivate a sense of connection and community.

Each apartment will come equipped with Thompson Thrift's upgraded finishes, which include sophisticated stainless-steel appliances, stylish kitchen fixtures, quartz countertops, private balconies or patios, spacious closet systems, and full-sized washers and dryers. Additionally, a smart home hub compatible with Amazon Alexa will enhance convenience and ease of living.

Designed with community engagement in mind, The Gilmore aims to be a lively destination that embodies a true sense of place. Its Main Street-inspired entrance will seamlessly connect with grocery stores, dining venues, and retail businesses. Residents and visitors will find well-planned covered walkways, inviting common areas embellished with murals from local artists, and lush outdoor spaces designed for social gatherings, all of which aim to promote a strong community spirit.

The amenities at The Residences at The Gilmore are set to impress. Residents will have access to a resort-style heated swimming pool, a 24-hour state-of-the-art fitness center, a sky deck, an event suite complete with a full kitchen, and a social hub for community events. Outdoor entertainment facilities including kitchens and grilling areas will further enhance the communal living experience. Also, dog owners will appreciate dedicated runs equipped with agility apparatus and pet grooming spas.

Situated in a prime locale, residents will enjoy a convenient commute throughout the greater Phoenix Metropolitan Area, with major employers such as Intel, Dignity Health, NXP USA, and Liberty Mutual nearby.

Brian Timberman, president of Thompson Thrift Construction, remarked on the project’s promising prospects, saying, "The Residences at The Gilmore's central location, combined with our focus on quality and innovation, will ensure an exceptional living experience for our residents."

When the entire project reaches completion, The Gilmore will boast around 200,000 square feet dedicated to grocery stores, restaurants, retail outlets, and accommodations in the form of a hotel. Noteworthy retail partners already on board include a 64,000-square-foot Safeway, Better Buzz Coffee, Handel's Ice Cream, Jersey Mike's, Sweathouz, Rebel Wine Lounge, Square 1 Food Hall, Nook Kitchen, Phantom Fox Brewery, Level 1 Arcade, Woof Gang Bakery, and Over Easy.

Having invested over $6 billion into communities since its inception nearly four decades ago, Thompson Thrift is recognized for its commitment to developing attractive, high-quality multifamily housing and commercial spaces. The company is actively pursuing several other notable projects throughout Arizona, including the Elliot Tech Center in Mesa and the Germann Commerce Center in Queen Creek, reinforcing its dedication to enhancing high-growth markets with quality mixed-use, retail, and industrial spaces.

About Thompson Thrift Real Estate Company


Founded in 1986, Thompson Thrift has evolved from a local real estate development and construction company into a nationally recognized full-service enterprise. With operational bases in Indianapolis, Terre Haute, Denver, Houston, and Phoenix, the company engages in every aspect of the development process, from planning and construction to leasing and management. Their commitment to excellence has recently earned them accolades, including a prestigious Top Workplaces USA award for 2025.

Topics Consumer Products & Retail)

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