#United States #Gilbert #Thompson Thrift #mixed-use

Thompson Thrift Breaks Ground on The Gilmore

Thompson Thrift, a prominent name in real estate development, has officially kicked off construction on its ambitious project named The Gilmore, located in Gilbert, Arizona. The development covers a vast 35 acres and intends to reshape the community’s landscape with luxury housing, retail spaces, and recreational amenities expected to elevate local living standards.

Project Overview

The Gilmore is anticipated to be a transformative site featuring 300 upscale apartment homes alongside a hotel and roughly 200,000 square feet of shopping and dining options. Company executives disclose that the planned retailers will begin to open doors in late 2026, with the first residents expected to move in by early 2027. This initiative signifies a considerable investment, amounting to approximately $225 million.

Dan Sink, the president and CFO of Thompson Thrift Development, shared insights on the company’s approach: "This project exemplifies our One Team strategy. Our expertise across construction and residential development will help us create a thoughtfully designed destination for the Gilbert community, aiming for long-term value for residents and businesses."

Prime Location

Situated at the intersection of Val Vista Drive and Germann Road, conveniently linked to Loop 202, The Gilmore is located in a prime area within the Southeast Valley. In an exciting development, more than 25 leases have already been signed, which includes a 64,000-square-foot Safeway, and popular eateries such as Better Buzz Coffee and Jersey Mike's. Additional establishments like Sweetouz, Rebel Wine Lounge, and Phantom Fox Brewery are also set to be part of the project, ensuring a rich culinary landscape.

Future Living Spaces

The multifamily segment of The Gilmore, named The Residences at The Gilmore, will consist of diverse housing options — studio, one, two, and three-bedroom apartments—ranging in an average size of 1,000 square feet. Josh Purvis, the managing partner for Thompson Thrift Residential, described the design intent: "The Residences will cater to modern renters seeking convenience, quality, and connection, featuring premium amenities and contemporary interiors."

Moreover, The Gilmore is planned to physically blend retail, residential areas, and recreational facilities. Key design elements will include a Main Street-style entrance, vibrant local artist murals, and beautifully landscaped outdoor gathering spaces, fostering a sense of community.

Gilbert: A Thriving Community

Located about 18 miles from Scottsdale and nestled in Maricopa County, Gilbert is renowned for its vibrant business atmosphere, appealing cost of living, and a notable public school system. These attributes contribute to its recognition as one of the best places to call home in America and a supportive environment for businesses.

Thompson Thrift is not just focusing on The Gilmore but is actively involved in numerous projects across Arizona. Their commitment to quality development is reflected in several current initiatives that include Elliott Tech Center in Mesa and Germann Commerce Center in Queen Creek, highlighting the company’s dedication to flourishing markets throughout the state.

Company Background

With nearly 40 years in the arena, Thompson Thrift has become a well-respected provider of real estate solutions, emphasizing the development of residential, commercial, and mixed-use spaces focused on growth and community enhancement. With an extensive commitment involving more than $6 billion invested in local communities, the firm has established itself as a trusted partner for high-quality real estate development.

For visitors and residents alike, the upcoming The Gilmore promises to shape the future of Gilbert while exemplifying Thompson Thrift’s ongoing commitment to crafting vibrant, sustainable, and interconnected living spaces.