Thompson Thrift to Break Ground on Florida Luxury Apartments

The project is the developer's 11th in the Sunshine State.

The Concord. Image courtesy of Thompson Thrift

Thompson Thrift will break ground on The Concord, a 257-unit luxury property located at 203 Synergy Lane in Sarasota, Fla., this month. The community, located in the southern portion of the Tampa Bay area, will be the developer’s 11th in the state and is expected to open in the fall of 2024.

Buildings at The Concord will be four stories tall and offer one-, two-, and three-bedroom apartments. Units will include walk-in closets, laundry machines and detached garages, with some offering private yards and balconies, as well as Amazon Alexa-enabled smart home fixtures.

The 8.45-acre property’s amenities will include a swimming pool, outdoor entertainment and dining areas and a conference room, as well as remote working suites, a Starbucks café, pocket park, dog run and pet spa. The Concord will also feature a private sky deck with a fire pit.

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The sky deck overlooks the Sarasota Celery Fields nature preserve, which is located less than one mile to the south. Downtown Sarasota is some six miles west of the community and the city’s bay, with Sarasota’s Keys one mile further. Interstate 75 is less than a mile from the property, offering highway access to much of the Tampa Bay area. Tallahassee, the state capital, is 42 miles to the north.

Development and sales doings

The Concord is the second Florida project Thompson Thrift has announced within the past month. The other, The Quinn, is a 324-unit luxury apartment community in Pensacola. On the sales front, the developer has had an active 2023, particularly in Western and Midwestern markets. In March, the firm sold The Grove, a 320-unit community located in Grand Rapids, Mich., to Gideon Pfeffer of The GSH Group. One month earlier, the firm sold Watermark at Jordan Creek, a 176-unit property in Des Moines, Iowa, to an undisclosed buyer. At the time of its sale, the property was 94 percent occupied, and was the firm’s sole remaining property in the state.

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