Thompson Thrift announced construction has started on The Gilmore, a $225 million, 35-acre mixed-use development in the Phoenix suburb of Gilbert. The Gilmore will provide luxury apartments, a hotel, and approximately 200,000 square feet of grocery, boutique restaurant and retail space. The company expects retailers to begin opening in the latter half of 2026, and the first resident move-ins to begin in early 2027.
The project is located at the northwest corner of Val Vista Drive and Germann Road. More than 25 leases have been signed so far, including a 64,000-square-foot Safeway.
Later this year, Thompson Thrift will begin construction on the multifamily portion of the development. The Residences at The Gilmore will consist of 300 studio, one-, two-, and three-bedroom apartment homes in a variety of layouts, averaging 1,000 square feet of living space.
Thompson Thrift has seven projects on the way in the Phoenix Metro area.
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