ZOM Living Completes 41-Story Atelier Multifamily Tower in Dallas Arts District
DALLAS — ZOM Living has completed construction of Atelier, a 41-story apartment tower in the Dallas Arts District. The property features 417 luxury multifamily units, including 53 lofts, near Klyde Warren Park.
Units range from 500 to 2,300 square feet with panoramic views of uptown and downtown Dallas. The property also features two levels of underground parking and 15,000 square feet of retail space, with CBRE handling the retail leasing. The location is walking distance from the AT&T Performing Arts Center, Dallas Museum of Art, Crow Museum of Asian Art and Nasher Sculpture Center.
Atelier’s main lobby is designed as an art gallery and the tower features resort-style amenities, including an expansive amenity deck with infinity edge pool and sun deck, custom cabanas, yoga lawn, outdoor lounge with grilling area for al fresco dining, a bar and a fire pit.
Interior amenities include a fitness area, coworking space with private conference rooms, private wine lockers, entertainment lounge, catering kitchen with harvest table, grab-n-go resident market and a pet spa.
Stantec was the architect on the project, which general contractor Balfour Beatty built. ZRS Management, an affiliate of ZOM, is managing the community.
Orlando-based ZOM is developing heavily in the Dallas market. As Atelier neared completion, the company also acquired 3.5 acres in the northern portion of the city for development of Hazel by the Galleria, a 398-unit luxury apartment community. ZOM is also building Mezza, a 378-unit luxury apartment community near a master-planned project in the city that will eventually include two championship golf courses and an Omni resort.
“ZOM Living continues to invest in Dallas given the strong fundamentals of its multifamily market, fueled by population and employment growth,” says Jason Haun, ZOM Living’s vice president of the Texas market.
During the COVID-19 pandemic, the Dallas-Fort Worth apartment market outperformed all other cities in the United States with 20,412 units of positive absorption in 2020, according to commercial real estate software and data firm RealPage.
— Jeff Shaw