Thompson Thrift has started work on infrastructure improvements and approximately 35,000 square feet of freestanding and multi-tenanted retail space near the $20+ billion Taiwan Semiconductor Plant (TSMC) in northern Phoenix. 

Thompson’s Ashlee Boyd said, “We think the combination of location, strong demographics and high-quality construction have generated significant leasing interest and will make this a standout addition to this growing market.”

Oregano’s, a local, family-owned restaurant; Twisted Sugar, a gourmet cookie shop; Over Easy, a breakfast and brunch restaurant and Foothills Grille, a new restaurant concept from the operators of Pinnacle Grill, have already committed to the site. The retail center will utilize 6 of the 30 acres Thompson Thrift acquired last year just off Interstate 17 at the southwest corner of Dove Valley and the newly approved 29^th Avenue intersection.

The company expects the first tenants to set up shop in early summer 2024.

The company also plans to develop 224 luxury apartment homes on an approximately 8.5-acre parcel adjacent to the retail center.