Thompson Thrift announced the development of Stella, a new multifamily apartment building in the Phoenix suburb of San Tan Valley. Construction is expected to begin on the 308-unit property this summer.

“San Tan Valley is part of Arizona’s rapidly growing Pinal County,” said managing partner for Thompson Thrift, Josh Purvis. “We are excited that residents will have a top-quality new rental option to choose from when Stella opens its doors next year.”

Located on 20 acres of land, Stella will consist of 12 two- and three-story buildings. Renters will have a choice between one-, two- and three-bedroom floorplans. All units will be finished with quartz countertops, hardwood-style flooring, stainless steel appliances and a washer and dryer. On-site amenities will include a resort-style swimming pool, outdoor pavilion, two pickleball courts, two dog parks and multiple gardens.

Thompson Thrift plans to welcome residents to Stella at the end of 2024. The community will be the developer’s sixth in Arizona.