Thompson Thrift to Develop Luxury Multifamily Community in Phoenix

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PHOENIX, Nov. 6, 2023 ~ Thompson Thrift, a nationally recognized real estate company, has announced the development of Refinery at Pointe17, a 224-unit Class A multifamily community near the $40+ billion Taiwan Semiconductor Plant (TSMC) in northern Phoenix. Construction is set to begin this month and Thompson Thrift plans to welcome new residents starting in the latter half of 2025.

Josh Purvis, managing partner for Thompson Thrift Residential, said: "We had a distinct vision for this unique property and are pleased to have the opportunity to collaborate with Thompson Thrift's residential, commercial and construction teams on this mixed-use development. Refinery at Pointe17's balance of style, convenience and amenities will make it a standout addition to the Phoenix metro."

Located just off Interstate 17 at the southwest corner of Dove Valley and the newly approved 29th Avenue intersection, Refinery at Pointe17 will offer one-, two- and three-bedroom apartment homes that average 1,000 square feet. Residents will enjoy luxury amenities including 9' ceilings, stainless-steel appliances, tile backsplashes, designer fixtures and finishes, hardwood-style flooring, large walk-in closets, patio and balcony options as well as a suite of Alexa-compatible smart home technology.

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Luxury living will continue throughout the community with a fully equipped 24-hour fitness center, yoga and spin studio, bike storage, resort-style heated swimming pool with firepits with seating area and community grilling areas. There is also a pickleball court as well as 24-hour business center with private focus rooms and offices for rent. The rooftop deck offers an event lounge while there are over 80 on-site electric vehicle charging spaces available for residents. There is also a dog park and pet spa plus billiards and shuffleboard for entertainment purposes.

Refinery is part of Pointe17's mixed-use development which puts its residents within walking distance of various retail and dining options such as Oregano's restaurant; Twisted Sugar gourmet cookie shop; Over Easy breakfast/brunch restaurant; Foothills Grille from Pinnacle Grill operators; Heartland Dental; Yoga Six; BFT fitness studio; The Bar; nail spa etc. Residents are also close to Shops at Norterra lifestyle center which has 354k square feet of specialty retailers plus national tenants like Walmart etc.

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The nearby Skunk Creek Wash natural preserve features pedestrian amenities plus running paths from Dove Valley south to Sonoran Desert Parkway which Thompson Thrift has designed seamless pedestrian connection to its trail along with complementary community amenities like volleyball courts etc. Refinery is within one of the best school systems in North Phoenix - Deer Valley Unified School District - which holds 95% graduation rate plus was recently ranked #8 best school district in Arizona state.

The nearby Interstate 17 interchange serves as main entrance to TSMC while Phoenix city - fifth largest city in US - has experienced double digit growth due to large companies like TSMC expanding their presence in market.

Thompson Thrift was founded more than 30 years ago investing more than $4 billion in real estate developments across 21 states receiving distinctions/awards reflecting commitment towards creating environments of excellence both in community/workplace.
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