Thompson Thrift to develop luxury townhouse-style community outside of Minneapolis
CityPlace’s Le Meridian will bring three- and four-bedroom layouts at Woodbury’s CityPlace development
MINNEAPOLIS, October 6, 2022 /PRNewswire/ — Thompson Thrift, a nationally recognized full-service real estate company and one of the nation’s leading multi-family real estate developers, today announced that The Meridian at CityPlace, a townhouse-style community class A of 91 units in the Minneapolis suburb of Woodbury, will begin construction later this month. Resident move-ins are expected to begin in June 2024.
“Woodbury’s explosive population rates, growing rent growth and low vacancy rates make it a very attractive market,” said Josh Purvis, managing partner of Thompson Thrift Residential. “Meridian at CityPlace will be our first development in twin towns and we are delighted to offer our exclusive blend of design, comfort and amenities to area residents. »
Located at 315 Radio Drive in the 100-acre CityPlace development off Interstate 94, The Meridian will offer luxury three- and four-bedroom townhomes with attached garages. The spacious townhouses will average 1,860 square feet and feature high-end interior finishes including gourmet bar-kitchens with sleek quartz countertops, timeless tile backsplash, stainless steel appliances, designer fixtures and finishes, an Alexa-enabled smart hub to integrate all smart devices, a ceiling fan in the living room and bedrooms, walk-in closets, full-size washers and dryers, and patio and balcony options.
Once outside, residents will enjoy open green space, fire pits with seating, and a dog park while being steps away from Whole Foods Market, CycleBar, Sur la Table, Nordstrom Rack and CityPlace’s eclectic range of dining options.
Purvis continued, “Meridian at CityPlace will complement the preference many tenants today have for upscale, maintenance-free living that offers convenient access to great schools and a range of shopping, dining and dining options. and lifestyle.
With a location close to the I-94 and I-494 freeways, future residents will also be able to enjoy short trips to downtown St. Paul, Minneapolis and Bloomingtonmaking big employers like UnitedHealth Group, Target, Cargill, US Bancorp, 3M and the easily accessible Allina Health System.
Woodbury is known for its attractive residential neighborhoods, which are connected by more than 140 miles of multi-use trails. The city contains approximately 3,100 acres of parkland and eight small lakes, most with public parks and trails. Woodbury is part of from minnesota the fastest growing cities, with projected annual increases in population that are more than double the national average.
Over the past 30 years, Thompson Thrift has developed over $4 billion of grassroots development projects in the Midwest, Southeast and Southwest. The company has made a name for itself by being one of the few developers to build Class A residential communities in markets across the country with a variety of rental luxury conventional villas and townhouse style communities, and has become known as a trusted partner committed to developing attractive, quality commercial and multi-family communities.
About Thompson Thrift Realty 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 focuses on high-end Class A multi-family communities and luxury rental homes, Thompson Thrift Commercial, which focuses on commercial development in from scratch, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of the acquisition, development, construction, leasing and management of multi-family, mixed-use, commercial, industrial and commercial projects in quality across the country. We are passionate about the success of our clients and strive to ensure that our projects meet not only the needs of our clients, but also the communities we serve. For more information, visit www.thompsonthrift.com
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