Thompson Thrift Celebrates Ribbon Cutting For Terrassa A Three Hundred Twenty Four Unit Class A Community In St Augustine
Thompson Thrift recently hosted a ribbon cutting for Terrassa, a 324-unit Class A multifamily community developed on the former St. Augustine Outlets site off I-95 in St. Augustine. The community is part of a larger redevelopment of the retail property, and the first Terrassa residents began moving 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 complement’s the charm and character that define St. Augustine while delivering a modern, elevated living experience for residents.”
Terrassa offers one-, two- and three-bedroom garden-style apartment homes with layouts up to nearly 1,400 square feet. Unit features include granite countertops, stainless steel and energy-efficient appliances, a full-size washer and dryer, hardwood-style flooring, tile backsplashes, designer fixtures, large walk-in closets, detached garages, and private yard and patio options. High-speed internet access is standard, and energy-efficient LED lighting and Alexa-compatible smart light switches, locks and thermostat support resident convenience and energy savings.
Community amenities are designed to support wellness, social connection and pet ownership. The property includes a 24-hour fully equipped fitness center, a heated resort-style pool, Mediterranean-inspired courtyards, community grilling areas, a pickleball court, an on-site dog park with agility equipment, and a pet spa with grooming station. The 24-hour social hub provides billiards, a coffee bar, private focus rooms and a work area with a printing station.
Located near Vilano Beach and minutes from downtown St. Augustine, Terrassa provides access to local dining and retail destinations, including Ford’s Garage Restaurant and the St. Augustine Premium Outlets.
At the ribbon-cutting, attendees toured the model home and the professionally decorated clubhouse. Thompson Thrift presented a check to local nonprofit S.A.F.E. Pet Rescue to support its animal rescue efforts and 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.
The project underscores a broader move within multifamily development toward adaptive reuse of retail sites and resident-focused amenity strategies that combine technology, wellness and pet-friendly services. Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, continues to expand its portfolio in coastal and growth markets with projects that integrate community engagement and contemporary living standards.