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Thompson Thrift to develop luxury 324-unit multifamily community near Jacksonville, Fla.
Transactions - JULY 8, 2024

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Thompson Thrift to develop luxury 324-unit multifamily community near Jacksonville, Fla.

by RELEASED

Thompson Thrift announced the development of Terrassa, a 324-unit class A multifamily community located in the growing market of St. Augustine in St. Johns County, Fla. The company expects to begin construction in July, with completion expected in fall 2026.

Terrassa is part of the redevelopment of the former St. Augustine Outlets property off Interstate 95 and will provide 324 one-, two- and three-bedroom apartment homes offering up to nearly 1,400 square feet of living space. Residents will have access to the area's beaches as well as a variety of local entertainment, shopping and dining options.

Terrassa will feature amenities such as kitchens that include stainless steel appliances, a smooth glass-top range, side-by-side refrigerator, tile backsplashes, a pantry and hardwood-style flooring. Large walk-in closets; bathrooms with a walk-in shower; detached garages; a full-size washer and dryer; and private patio, balcony or yard options add to the list of features.

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