Thompson Thrift Hosts Ribbon Cutting for Stella, a Multifamily Community Near Phoenix

PHOENIX, March 5, 2025 /PRNewswire/ -- Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, hosted a ribbon cutting for Stella, a 308-unit, Class A multifamily community in the Phoenix suburb of San Tan Valley, on Tuesday, March 4. The first residents began moving in during winter of 2024, with construction completion expected at the end of this summer.

"With resort-style living and luxury conveniences at the forefront, Stella reflects Thompson Thrift's commitment to creating exceptional rental communities that deliver both style and quality," said Angie Atkins, senior vice president of community management for Thompson Thrift. "Our team is excited to deliver a community that residents are proud to call home."

Located on a 20-acre site near North Gary Road and West Hunt Highway, Stella will consist of 12 two- and three-story buildings, a resort-style swimming pool with adjacent lawn and outdoor pavilion, pickleball courts, two dog parks and relaxing gardens with fruit trees and fountains. The community will offer one-, two-, and three-bedroom apartment homes and residents will be able to select from a variety of layouts and signature amenities including private enclosed yards or patio options and detached single-car garages. The apartment homes will be finished with elegant quartz countertops, hardwood style-flooring, stainless steel appliances, high-speed, instant-on internet access, ceiling fans, full-size washer and dryer, smart thermostat and a smart hub.

The pet-friendly luxury community will be close to multiple outdoor activities, including hiking, biking, or exploring the San Tan Mountain Regional Park, a national park that is located two miles west of the community. Residents will be living near an array of retail options. In addition, Hunt Highway provides future residents with ease of access to nearby Queen Creek, Mesa, Gilbert, Chandler and Loop 202.

The employment corridor along Loop 202 features high-paying jobs from companies such as Liberty Mutual, Deloitte, Dignity Health and Isagenix. Additionally, Arizona State University's new Mesa City Center, a new state-of-the-art digital media learning center, is 10 minutes north. The area is also home to two airports - Phoenix Mesa Gateway Airport and the Chandler Municipal Airport.

At the ribbon cutting, visitors were able to tour the model, explore the professionally decorated clubhouse and community amenities. As part of Thompson Thrift's ongoing commitment to community engagement, they presented a check to local non-profit Manes and Miracles to aid their efforts in providing adaptive or therapeutic riding, equine-assisted activities and equine-assisted physical therapy for those who have physical, mental and emotional disabilities.

Thompson Thrift is a full-service real estate development company focused on multifamily, ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. For nearly 40 years, Thompson Thrift has invested more than $6 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.

About Thompson Thrift Real Estate Company
Thompson Thrift is an integrated full-service real estate company with offices in Indianapolis and Terre Haute, Indiana; Denver; Houston and Phoenix. Three business units drive Thompson Thrift's success—Thompson Thrift Residential which is focused on upscale Class A multifamily communities and luxury leased homes, Thompson Thrift Commercial which is focused on ground-up commercial development, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of development, construction, leasing, and management of quality commercial real estate projects across the country. The company earned national recognition from Energage as a winner of a 2024 Top Workplaces USA award and five Culture Excellence awards, the latest accolades that reflect the company's ongoing commitment to excellence in the community and workplace. For more information, please visit www.thompsonthrift.com.

Contact: 
Jennifer Franklin
Spotlight Marketing Communications
949.427.1385
[email protected] 

SOURCE Thompson Thrift