Thompson Thrift to Build 327-Unit Community in North Charleston, First Project in South Carolina

Thompson Thrift announced plans to develop The Whitmore at Ingleside, a 327-unit Class A multifamily community in North Charleston, South Carolina. The project marks the company's first development in the state and expands its operations to 25 states.

The community will be built on approximately 19 acres near the Weber Boulevard interchange and Interstate 26 within the Ingleside master-planned development. According to the announcement, construction is expected to begin this month, with resident move-ins targeted for November 2027.

"We are excited to enter the Charleston market with The Whitmore at Ingleside, a thoughtfully designed community that will meet the region's growing demand for high-quality rental housing in a well-connected location," said Josh Purvis, managing partner of Thompson Thrift Residential.

The development will feature a mix of studio, 1-bedroom, 2-bedroom, and 3-bedroom apartment homes in 3-story and 4-story buildings. Units will include quartz countertops, stainless-steel appliances, hardwood-style flooring, smart-home technology, full-size washers and dryers, walk-in closets, detached garages, and private patio, balcony, and yard options.

Community amenities will include a resort-style swimming pool, 24-hour fitness center, pickleball court, pocket park, electric firepit gathering areas, grilling stations, pet spa, 2 dog parks, and a resident social hub with billiards, coffee bar, focus suites, and conference room.

The community is located within the 1,500-acre Ingleside master-planned development, which includes more than 200 acres of green space. The location provides access to downtown Charleston, Charleston International Airport, Palmetto Commerce Park, Joint Base Charleston, Boeing, Mercedes-Benz Vans, and other major employers.

The company noted recent economic investments in the Charleston region, including Roper St. Francis Health's $1.2 billion, 328-bed hospital campus, Boeing's $1 billion expansion, Volvo Cars' expansion expected to generate approximately 1,600 additional jobs, and KEEL's $70 million defense manufacturing facility.

The development will be capitalized with equity from the Thompson Thrift 2026 Multifamily Development, LP. Over the past 40 years, Thompson Thrift has invested more than $7.3 billion into local communities across the country.