Gilbert mixed-use project breaks ground with significant leasing activity

Article originally posted on Phoenix Business Journal on April 29, 2025

Thompson Thrift put the first shovels into the ground Monday at The Gilmore — Gilbert’s latest mixed-use development.

The Indianapolis-based firm will build the 35-acre development’s 213,656 square feet of commercial space at the same time it constructs 300 luxury apartments, with one facet of The Gilmore’s two luxury apartment buildings coming online first, Thompson Thrift Managing Partner Ashlee Boyd told the Business Journal on April 14.

The multifamily portion of the project will be called The Residences at The Gilmore. Its 300 units will include studio, one-bedroom, two-bedroom and three-bedroom apartment homes with 1,000 square feet of living space. All of the residential units will be located in the northwest corner of the property — located at 3960 S. Val Vista Drive — and sit on 15 acres.

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