Thompson Thrift Makes Big Moves in St. Johns County Housing Market

Thompson Thrift, a widely respected real estate powerhouse deeply rooted in Indiana, is making significant strides in the thriving St. Johns County housing market. Founded in 1986 by college friends John Thompson and Paul Thrift, the company has evolved into a national enterprise with over 650 employees across 22 states, boasting an impressive portfolio that includes over 23,000 apartment units and generating a substantial $6 billion in business.

The developer has submitted plans for an impressive 312-unit residential project, Thompson Thrift at Ponte Vedra, located on Burbank Avenue, along the Duval-St. Johns County line on 12.59 acres owned by the Davis family. This modern development will include amenities such as a pool, clubhouse, fitness center, dog park, pickleball courts, and separate parking garages for cars and golf carts, contributing to the thriving Nocatee area.

Thompson Thrift at Ponte Vedra:

• 312-unit residential project on 12.59 acres

• Located on Burbank Avenue, along Duval-St. Johns County line

• Owned by the Davis family

• Amenities include a pool, clubhouse, fitness center, dog park, pickleball courts, and separate parking garages

• Contributing to the thriving Nocatee area

Simultaneously, Thompson Thrift is building Terrassa, a 324-unit luxury apartment community designed with a Mediterranean flair on approximately 14 of the 31-acre St. Augustine Outlets at 500 Outlet Mall Blvd. This development is set to offer top-tier amenities, including a resort-style pool, fitness center, and social hub. 

Terrassa:

• 324-unit luxury apartment community

• Designed with a Mediterranean flair

• Located on approximately 14 of the 31-acre St. Augustine Outlets at 500 Outlet Mall Blvd.

• Amenities include a resort-style pool, fitness center, and social hub

"St. Johns County is one of the most desirable counties to live in Florida, and is renowned for its excellent schools, strong income levels, and impressive home values," said Josh Purvis, managing partner for Thompson Thrift Residential. "Securing approval for new developments is becoming increasingly challenging, but our team's proven track record and commitment to excellence have allowed us to secure a prime spot in this highly desirable county."

Thompson Thrift's rapid growth and success are underpinned by several key factors, including its ability to handle every aspect of a project, a strong emphasis on customer service and quality, over $5.9 billion in assets, and a corporate culture centered around excellence, service, and leadership. Additionally, the company's philanthropic arm, TT Serve, highlights its commitment to giving back to the community. 

With a strong foundation built on partnership, innovation, and a dedication to excellence, Thompson Thrift is well-positioned for continued growth and success in St. Johns County.

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