Thompson Thrift Opens Terrassa Three Hundred Twenty Four Unit Class A Community in St Augustine Florida

Thompson Thrift recently celebrated the official opening of Terrassa, a 324-unit Class A multifamily community built as part of the redevelopment of the former St. Augustine Outlets property off I-95 in St. Augustine, Florida. The first residents began moving in in September 2025, and the company hosted a ribbon cutting to mark the property’s entry into the market.

"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 offers one-, two- and three-bedroom garden-style apartment homes with configurations up to nearly 1,400 square feet. Unit interiors feature granite countertops, stainless steel and energy-efficient appliances, full-size washers and dryers, hardwood-style flooring, tile backsplashes, designer fixtures, large walk-in closets, detached garages, and private yard and patio options. Properties are equipped for connectivity with high-speed internet and include energy-saving LED lighting and Alexa-compatible smart switches, locks and thermostats.

Community amenities support both lifestyle and convenience. The property includes a 24-hour 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 a grooming station. A 24-hour social hub provides billiards, a coffee bar, private focus rooms and a work area with a printing station.

Terrassa’s location provides proximity to Vilano Beach and downtown St. Augustine, with nearby dining and retail options such as Ford’s Garage Restaurant and the St. Augustine Premium Outlets. At the ribbon-cutting event, visitors toured a model home and the professionally decorated clubhouse and amenities.

As part of Thompson Thrift’s community engagement efforts, the company presented a check to local nonprofit S.A.F.E. Pet Rescue 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.

Multifamily Leadership will continue to monitor developments in suburban redevelopment and coastal-market product delivery that blend amenity-rich design with technology and community engagement.