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Transactions - JANUARY 13, 2023

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Thompson Thrift to develop luxury multifamily community outside Phoenix

by Released

Thompson Thrift has developed The Maddox, a 252-unit, class A, multifamily community in the Phoenix suburb of Buckeye, Ariz.

Thompson Thrift plans to begin construction this month and welcome new residents beginning in late 2024.

“There is significant job growth demand for multifamily housing throughout Phoenix’s West Valley,” said Josh Purvis, managing partner for Thompson Thrift Residential. “Buckeye’s population has exploded in recent years, with annualized growth of nearly 10 percent each year of the past decade. The Maddox will be a highly sought-after community in a market that hasn’t had a new Class A apartment community delivered in more than 10 years.”

Located at the intersection of West Yuma Road and South Waterson Road near Interstate 10, The Maddox will consist of seven, three-story garden style structures with 80 detached garages. The one-, two- and three-bedroom layouts will average nearly 1,000 square feet and feature luxury amenitie

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