Thompson Thrift to Develop New 255-Unit Luxury Multifamily Community Near Denver
February 18, 2025
Denver, CO
DENVER (Feb. 18, 2025) – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, today announced that it will develop Stack at Wheat Ridge, a 255-unit Class A multifamily community in the Denver suburb of Wheat Ridge. Construction is expected to be completed in winter 2026.
“Wheat Ridge stands out as the location provides convenient access to the city's top employers and shopping venues, as well as numerous outdoor activities,” said Josh Purvis, Managing Partner for Thompson Thrift Residential. “Similarly, we believe that our latest Thompson Thrift community, Stack at Wheat Ridge, will deliver a unique blend of exceptional living for our residents and an attractive investment opportunity for our partners.”
Nestled in the foothills of the Rocky Mountains, Stack at Wheat Ridge will sit on just over seven acres at the corner of Kipling Street and 44th Avenue. The community will feature 255 apartment homes in one-, two-, and three-bedroom configurations.
Each apartment home will also offer luxury amenities including elegant quartz countertops, stainless-steel appliances, glass-top ranges, hardwood-style flooring, granite vanity tops and undermount sinks, a walk-in shower, full-size washers and dryers, multiple smart home capabilities and many other designer fixtures and finishes. Select signature units may also feature premium stainless-steel appliances and cabinetry with soft-close doors, a deluxe closet system with shelving, premium lighting, premium kitchen hardware and countertop colors, a dry bar and advanced smart home capabilities. Patio and balcony and detached garage options are also available.
Community amenities will also feature many of the high-end features that Thompson Thrift communities are known for, including a fully equipped 24-hour fitness center, a yoga and spin studio with on-demand fitness classes, a resort-style heated swimming pool, electric firepits with seating areas, a billiards area, a dog park and a pet spa with grooming station, just to name a few. Residents may also take advantage of the event suite with a full kitchen and resident conference room. An on-site service team, valet trash service and a user-friendly mobile app will also be available.
Along with Stack at Wheat Ridge’s many amenities, the community also offers excellent connectivity to I-70, which provides easy access to Denver’s Central Business District. Denver Federal Center, home to approximately 28 different federal agencies, CoorsTek, a privately owned company focused on exploration technology, and Home Advisor, a digital marketplace leader, are among the major employers in the area. Nearby retail centers, such as Kipling Ridge and Arvada Ridge Marketplace, offer residents access to many shopping and dining options, including Costco, Starbucks, Chipotle and more.
Wheat Ridge is located on the west side of the Denver metropolitan statistical area, providing access to both the city of Denver and short drive to the recreational activities in the Rocky Mountains. Denver’s west side is also home to many of the city’s most desirable neighborhoods, including Sloan’s Lake, which borders Wheat Ridge. Within five miles of Stack at Wheat Ridge, the average home value exceeds $552,000.
The company continues to expand its footprint with 11 new residential developments targeted for 2025. Stack at Wheat Ridge will be the company’s 20th Colorado location, further expanding Thompson Thrift’s presence in the area. Thompson Thrift 2024 Multifamily Development, LP will provide equity for Stack at Wheat Ridge.
