The real estate developer Thompson Thrift announced that it will develop Velara, a 312-unit Class A multifamily community in the Nocatee master planned community in Ponte Vedra, Florida.
Velara will be based on a 12.5-acre site and will encompass three-story buildings offering studio, one-, two-, and three-bedroom configurations. Patio, balcony, private yard and detached garage options will also be available. On-site amenities will include a fully equipped 24-hour fitness center, a billiards area, an outdoor gaming area, a pickleball court, a dog park and a pet spa with a grooming station.
Construction will begin mid-February, with the first residents expected to move in during summer 2026.
“Nocatee has been one of the country’s fastest-selling master planned communities and there is significant demand for luxury multifamily living options,” said Josh Purvis, managing partner for Thompson Thrift Residential. “We are excited that Velara will provide residents with a high-quality multifamily community that seamlessly integrates with the unique Nocatee lifestyle.”
