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Thompson Thrift Unveils Plans for Velara

Thompson Thrift, a leading real estate developer, is set to break ground on a new luxury multifamily community known as Velara, located in Nocatee, near Jacksonville, Florida. With construction slated to begin in mid-February 2025, the first residents are expected to move in by the summer of 2026. This marks an exciting development for the area, recognized as one of the fastest-selling master-planned communities in the United States.

Josh Purvis, managing partner for Thompson Thrift Residential, stated that there’s a significant demand for upscale multi-family living in Nocatee, emphasizing, “We are excited that Velara will provide residents with a high-quality multifamily community that seamlessly integrates with the unique Nocatee lifestyle.”

The Velara community will span over 12.5 acres along Burbank Avenue, featuring three-story buildings that will offer a variety of living options, including studios, one-bedroom, two-bedroom, and three-bedroom apartments. Known for their exquisite craftsmanship, Thompson Thrift plans to include a range of high-end amenities and finishes, akin to those found in high-end single-family homes. Each unit will boast gourmet kitchens with elegant quartz countertops and stainless-steel appliances, hardwood-style flooring, modern vanity tops, and full-size washers and dryers.

To cater to luxury and functionality, some units will even feature soft-close cabinetry, deluxe closet systems, luxurious walk-in showers, and advanced smart home capabilities. Residents can also enjoy options for private yards, balconies, and even detached garages.

Velara aims to offer a complete lifestyle experience with various resort-style amenities, designed to enhance the Nocatee lifestyle further. Planned facilities include a covered pool-deck patio, a sunken fire pit by the pool, and private golf cart garages. Additionally, residents will have access to a fully-equipped 24-hour fitness center, beautiful courtyards for relaxation, an outdoor gaming area, a billiards room, a pickleball court, a dog park, and a pet spa featuring grooming stations.

Once completed, the community will also connect residents to Nocatee's renowned amenities, including a kayak launch, two expansive water parks, a 75-acre community park, numerous fitness trails, and the Nocatee Town Center, which features restaurants and shops, notably housing the largest Publix in Northeast Florida.

Strategically located off US-1 and I-95, the Ponte Vedra area provides quick access to beautiful local beaches and over 5,000 acres of parks and nature preserves, in addition to an easy commute to Jacksonville, a city that stands out as one of America’s hottest job markets.

In an impressive display of real estate growth, Jacksonville is currently home to more than 150 corporate, regional, and divisional headquarters, making it an attractive location for potential residents and businesses alike.

Thompson Thrift, a full-service real estate development company, has been an active player in the multifamily, commercial, and mixed-use developments across the Midwest, Southeast, and Southwest regions for nearly 40 years. With over $6 billion invested into local communities, Thompson Thrift is acclaimed as a trusted partner dedicated to delivering high-quality residential and commercial developments.

The Velara project will be the company's 18th multifamily development in Florida, funded through Thompson Thrift 2025 Multifamily Development, LP. As the company continues to expand its portfolio with multiple new targeted residential developments in 2025 across key U.S. markets, Velara is set to become a prominent addition to Jacksonville's thriving real estate landscape.

About Thompson Thrift
Thompson Thrift operates as a fully integrated real estate entity with several offices across the United States, fostering significant developments in residential, commercial, and construction markets. Garnering national accolades, including the Energage 2024 Top Workplaces USA award, the company is recognized for its commitment to community and workplace excellence. For further details, visit www.thompsonthrift.com.