Thompson Thrift to Develop Luxury Multifamily Community Outside Kansas City, Missouri
September 7, 2022
Kansas City, MO
KANSAS CITY, Mo. (September 7, 2022) - Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced today the development of The Depot, a 300-unit Class A multifamily community in the Kansas City suburb of Raymore. Thompson Thrift expects to break ground in September and plans to welcome new residents starting in the spring of 2024.
“The suburbs south of Kansas City have seen impressive job and population growth in recent years,” said Josh Purvis, managing partner for Thompson Thrift Residential. “There is strong demand for multifamily rental options and The Depot will provide a luxury-living experience with convenient access to the area’s major employers as well as a variety of retail and dining options.”
Located off Dean Ave and E 171st St, The Depot will offer nine three-story buildings with one-, two- and three-bedroom apartment homes averaging just under 1,000 square feet. Residents will enjoy premium interior finishes including gourmet bar-kitchens with quartz countertops, stainless steel appliances, tiled showers with glass doors, 9-foot ceilings, wood-inspired flooring, walk-in closets with custom wood shelving and full-sized washers and dryers. The luxury-living experience will continue throughout the community with a professionally decorated clubhouse, 24-hour fitness center, resort-style swimming pool and a dog park.
The Depot sits adjacent to the Raymore Galleria, a 400,000-square-foot shopping center anchored by a Wal-Mart, Sam’s Club and Lowe’s. The property enjoys nearby access to Interstate 49, which will provide residents with easy commutes to neighboring communities and major employers such as Cerner Corporation, Honeywell and Saint Luke’s East Hospital.
The multifamily housing market in Raymore is in high demand for new development. During the past 10 years, the rate of population growth within a one-mile radius of the site has been almost double that of the larger Kansas City metro area.
The Depot will be Thompson Thrift’s third community in Missouri, joining The Element and Avenue64.
