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Transactions - JANUARY 20, 2022

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Thompson Thrift Residential to develop luxury 336-unit multifamily community

by Released

Thompson Thrift Residential as plans to develop Prism at Diamond Ridge, a 336-unit, luxury multifamily community located in Moon Township, a thriving suburb of Pittsburgh. Resident move-ins are expected to begin in first quarter 2023.

"Pittsburgh is one of the fastest growing U.S. cities for tech jobs, and over 50 percent of the city's population consists of millennial and Gen Z residents that are in their prime renting years," said Brian Southworth, senior vice president of acquisitions, partner. "Our dedication to developing top-notch communities built on modern style, luxury and convenience will provide a welcome new renting option to the area's growing population."

Located at 2000 Market Place Blvd., Prism at Diamond Ridge is situated near Interstate 376, only 10 minutes from downtown Pittsburgh and near the Pittsburgh International Airport. Additionally, several major employers are in the area, including Cigna, Thermo Fisher Scientific, the FedEx Ground headquarte

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