Thompson Thrift, a full-service, nationally recognized real estate company and one of the nation’s leading multifamily developers, today announced that it would develop Velara, a 312-unit Class A multifamily community in Ponte Vedra’s Nocatee master-planned community. Construction will begin mid-February, with the first residents expected to move in during summer 2026.

Sitting on just over 12.5 acres along Burbank Avenue near Nocatee’s western interchange, the community will feature 3-story buildings offering one-, two-, and three-bedroom configurations. Thompson Thrift is known for curating amenities and finishes that are on par with for-sale homes, and Velara will offer gourmet kitchens with elegant quartz countertops, stainless steel appliances and glass-top ranges; hardwood-style flooring; quartz vanity tops and under-mount sinks; full-size washers and dryers; multiple smart home capabilities and many other designer touches. Additionally, select homes will be enhanced with cabinetry with soft-close doors, a deluxe closet system with shelving, walk-in showers with full tile surround and advanced smart home capabilities. Patio, balcony, private yard and detached garage options will also be available.

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