Thompson Thrift, a real estate company, announced that it will develop Velara, a 312-unit class A multifamily community in Ponte Vedra’s Nocatee master-planned community. Construction will begin mid-February, with the first residents expected to move in during summer 2026.
Sitting on more than 12.5 acres along Burbank Avenue near Nocatee’s western interchange, the community will feature three-story buildings offering studio and one-, two- and three-bedroom configurations. Velara will offer gourmet kitchens with quartz countertops, stainless steel appliances and glass-top ranges, hardwood-style flooring, quartz vanity tops and undermount sinks, full-size washers and dryers, multiple smart home capabilities and many other designer touches. Additionally, select homes will be enhanced with cabinetry with soft-close doors, a deluxe closet system with shelving, walk-in showers with full tile surround and advanced smart home capabilities. Patio, balcony, private yard and detache
