Thompson Thrift Hosts Ribbon Cutting for Terrassa Near Jacksonville
March 2, 2026
Jacksonville, FLA.
JACKSONVILLE, Fla. (Mar. 2, 2026) – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, recently hosted a ribbon-cutting for Terrassa, a 324-unit Class A multifamily community that is part of the redevelopment of the former St. Augustine Outlets property located off I-95 in the growing market of St. Augustine. The first Terrassa residents began moving in in September 2025.
“We’re excited to celebrate the official opening of Terrassa and welcome residents to a thoughtfully designed community in one of Florida’s most sought-after coastal markets," said Angie Atkins, Senior Vice President of Community Management for Thompson Thrift. "Terrassa complements the charm and character that define St. Augustine while delivering a modern, elevated living experience for residents.”
Terrassa’s one-, two- and three-bedroom garden-style apartment homes offer up to nearly 1,400 square feet of living space and feature premium, in-demand amenities and finishes including granite countertops, stainless steel and energy-efficient appliances, a full-size washer and dryer, hardwood-style flooring, tile backsplashes, designer fixtures and finishes, large walk-in closets, detached garages, and private yard and patio options. High-speed internet access ensures seamless connectivity for residents while energy-efficient LED lighting and Alexa-compatible smart light switches, locks and thermostat help residents save on energy costs.
Community amenities include a 24-hour fully equipped fitness center, a heated resort-style swimming pool, Mediterranean-inspired courtyards, community grilling areas, a pickleball court, an on-site dog park with agility equipment, and a pet spa with a grooming station. The 24-hour social hub features billiards, a coffee bar, private focus rooms and a work area with a printing station.
Located near Vilano Beach and just minutes from downtown, Terrassa provides the perfect balance of retreat and convenience, providing residents with convenient access to a variety of local entertainment, shopping and dining options, including Ford’s Garage Restaurant and the St. Augustine Premium Outlets.
At the ribbon-cutting, visitors toured the model home and explored the professionally decorated clubhouse and community amenities. As part of Thompson Thrift’s ongoing commitment to community engagement, they presented a check to local nonprofit S.A.F.E. Pet Rescue to support their efforts to rescue animals facing euthanasia. Additionally, Thompson Thrift waived the one-time pet adoption fee for any Terrassa resident who adopted a pet at the event from S.A.F.E.’s mobile adoption van.
“Supporting S.A.F.E. Pet Rescue and celebrating pet adoptions at Terrassa reflects our commitment to creating a welcoming community where both people and pets feel at home,” added Atkins.
Over the past 40 years, Thompson Thrift has invested more than $7.1 billion into local communities and has become known as a trusted partner engaged in all aspects of development, construction, leasing, and management of high-quality real estate projects across the country.
Equity for Terrassa was provided by Thompson Thrift 2024 Multifamily Development, LP.
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