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Transactions - MARCH 28, 2023

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Thompson Thrift to develop luxury multifamily community outside Colorado Springs

by Released

Thompson Thrift has plans to develop The Garrison, a 336-unit class A multifamily community in the Colorado Springs suburb of Fountain.

"The Colorado Springs area is recognized for its top-quality educational system, ample job opportunities and an abundance of outdoor recreational activities," said Josh Purvis, managing partner for Thompson Thrift Residential. "These factors have spurred population growth, and The Garrison presents us with an excellent opportunity to provide a highly desired luxury-living rental option for area residents."

The Garrison will be located near the intersection of Mesa Ridge Parkway and Fountain Mesa Road, adjacent to Fountain's two major arterials and with easy access to Interstate 25. The development site spans 22 acres and Thompson Thrift will utilize the land's natural undulation with thoughtful grading to provide unobstructed views of the Cheyenne Mountain range for the 10 three-story, garden-style buildings. The company is also utiliz

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