Thompson Thrift, a full-service, nationally recognized real estate company and one of the nation’s leading multifamily developers, announced today that 1933 Lounge by St. Elmo has signed a lease for an approximately 8,000-square-foot restaurant at The Gilmore, the company’s 35-acre mixed-use development in Gilbert.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260928841875/en/

The new location will mark the first 1933 Lounge outside Indiana, bringing Huse Culinary’s unique and elevated dining and cocktail lounge experience to the Southeast Valley. Thompson Thrift expects to deliver the space in October 2026, with 1933 Lounge anticipated to open in fall of 2027.

“From the beginning, our vision for The Gilmore has been to create the kind of destination that introduces new experiences to Gilbert and the broader East Valley,” said Ashlee Boyd, managing partner of Thompson Thrift Commercial. “1933 Lounge is exactly that, an exceptional concept backed by more than a century of hospitality tradition and one we know well from our work together in Indiana. Their decision to bring 1933 outside Indiana for the first time at The Gilmore speaks volumes about both this project and the continued evolution of the Gilbert market.”

1933 Lounge is a 21-and-over restaurant and cocktail lounge from Huse Culinary, the restaurant group behind St. Elmo Steak House, an Indianapolis institution founded in 1902 and one of Indiana’s most recognizable restaurants. The 1933 Lounge menu features the iconic St. Elmo Shrimp Cocktail alongside sushi, aged steaks and signature cocktails, bringing together celebrated classics and contemporary favorites.

1933 Lounge builds on that legacy with an intimate, speakeasy-style atmosphere and elevated dining and cocktail experience. Named for the year Prohibition ended, the concept draws inspiration from the elegance and hidden lounges of the era while pairing that spirit with modern sophistication. The Gilbert restaurant will introduce the concept to a new market while carrying forward the tradition and hospitality that have defined the St. Elmo brand for more than 120 years.

“We are thrilled to bring 1933 Lounge by St. Elmo to Gilbert,” said Craig Huse, CEO of Huse Culinary. “1933 Lounge is a place where exceptional cocktails, great food and genuine hospitality come together in a sophisticated, energetic setting. Gilbert has evolved into one of the most dynamic communities in the country, making it an ideal fit for our concept, and we’re excited to introduce the Southeast Valley to the 1933 Lounge experience.”

The signing also marks the latest chapter in an established relationship between Thompson Thrift and Huse Culinary. The companies previously partnered to bring both 1933 Lounge and The HC Tavern + Kitchen to Fishers District, Thompson Thrift’s expansive mixed-use development in Fishers, Indiana.

Located at the northwest corner of Val Vista Drive and Germann Road, just off Loop 202, The Gilmore was designed to bring a new level of dining, retail and lifestyle offerings to one of the Southeast Valley’s fastest-growing communities. The development combines restaurants, retail, office space and a hotel with vertically integrated residential. A Main Street-inspired entrance, pedestrian-friendly walkways and landscaped gathering spaces were designed to seamlessly connect the project’s uses.

The approximately 200,000-square-foot commercial portion of The Gilmore is anchored by a recently opened Safeway and complemented by The Residences at The Gilmore, a 300-unit luxury apartment community set to welcome residents later this year.

“The Gilmore gave us an opportunity to think differently about what could exist in this location,” Boyd said. “Gilbert’s growth, demographics and strong household incomes created an opportunity to curate a mix of restaurants, retailers and amenities that historically haven’t had a presence in this part of the market. With The Gilmore now approximately 90% leased, it’s exciting to see that vision come to life.”

Thompson Thrift continues to maintain an active development pipeline throughout Arizona, with projects including Pointe17 and Refinery at Pointe17 in Phoenix, The Maddox in Buckeye, Stella in San Tan Valley, Southbridge Marketplace in Maricopa, Elliot Tech Center in Mesa and Germann Commerce Center in Queen Creek.

Over the past 40 years, Thompson Thrift has invested billions of dollars into local communities nationwide and has become known as a trusted partner engaged in all aspects of development, construction, leasing and management of high-quality real estate projects across the country.

About Thompson Thrift Real Estate Company

Since its founding in 1986, Thompson Thrift has grown from a locally focused development and construction company into a full-service, integrated enterprise with a national scope. From its offices in Indianapolis and Terre Haute, Indiana; Denver; Houston; and Phoenix the company is engaged in all aspects of development, construction, leasing and management of quality multifamily and commercial projects. The company earned national recognition as a winner of a 2026 Top Workplaces USA award, the latest accolade that reflects the company’s ongoing commitment to excellence in the community and workplace. For more information, please visit www.thompsonthrift.com.

About Huse Culinary

Huse Culinary is an Indianapolis-based hospitality company that develops, operates and supports a portfolio of upscale restaurants, retail food and spirits brands. The company is built around the legacy of St. Elmo Steak House, which has served guests in the same downtown Indianapolis location since 1902 and is home to the world-famous St. Elmo Shrimp Cocktail, served at every Huse Culinary restaurant. Known for its aged steaks, chops, seafood, and professional service, the family of brands also includes 1933 Lounge by St. Elmo, Harry & Izzy’s, The HC Tavern + Kitchen, St. Elmo Foods and Prime Aged Spirits. For more information, visit HuseCulinary.com.

Media gallery

About The Author
Business Wire