BIRMINGHAM, Ala., August 17, 2026–(BUSINESS WIRE)–Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, today announced the development of Rivet, a 300-unit Class A apartment community in Chelsea, one of the fastest-growing and most affluent communities in the Birmingham metropolitan area.
“Chelsea is one of the most attractive growth markets in the area, supported by strong economic fundamentals, continued investment and a highly desirable location,” said Josh Purvis, managing partner for Thompson Thrift Residential. “With limited opportunities for new multifamily development in the area, Rivet is uniquely positioned to help meet the growing demand for high-quality apartment homes while creating an exceptional living experience for residents.”
Situated on nearly 29 acres along the U.S. 280 corridor, Rivet will offer residents convenient access to major employment centers, retail destinations and outdoor recreation, along with the high-quality finishes and resort-inspired amenities that have become synonymous with Thompson Thrift communities.
When the first residents move in during late 2027, they will be able to choose from a mix of one-, two- and three-bedroom apartment homes complete with elegant quartz countertops, stainless-steel appliances, tile backsplashes, hardwood-style flooring, full-size washers and dryers, smart-home technology, spacious walk-in closets and patio, balcony and private yard options.
Residents will enjoy a comprehensive amenity package featuring a resort-style heated swimming pool, fully equipped 24-hour fitness center, pickleball court, community grilling areas and fire pit, social hub with billiards and shuffleboard, dog park and pet spa, business center with conference rooms and focus suites and an Amazon package hub.
“Chelsea offers an exceptional quality of life, with top-rated schools, beautiful established neighborhoods and convenient access to employment, retail and healthcare destinations along the U.S. 280 corridor,” said Jesse Houghtalen, senior vice president of development for Thompson Thrift Residential. “Rivet complements that environment, providing residents with thoughtfully designed apartment homes, resort-style amenities and the convenience of living close to everything that makes Chelsea so desirable.”
Rivet’s location places residents just minutes from Grandview Medical Center, Meadow Brook Corporate Park, Tattersall Park, The Summit Mall, University of Alabama Birmingham, Samford University, downtown Birmingham, and more than 18 million square feet of shopping, dining and entertainment within the corridor. The surrounding area continues to see significant investment, including a planned retail center and nearby technology and life sciences office park that further reinforce the long-term growth of the area.
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