ZOM Living Receives $109M Refinancing for Atelier Luxury Apartment Tower in Dallas

by Kristin Harlow

DALLAS — ZOM Living has received a $109 million loan for the refinancing of Atelier, a 41-story luxury apartment tower in the Dallas Arts District. The property consists of 417 units, including 53 lofts. Floor plans range from 500 to 2,300 square feet.

Atelier’s lobby is meant to emulate an art gallery and exhibits rotating public art installations.

Designed by Stantec, Atelier features a lobby meant to emulate an art gallery. Local organizations showcase rotating public art installations and host events on site. The property also features 15,000 square feet of ground-level retail space that is leased to dining, arts and entertainment concepts.

Atelier is roughly 93 percent leased. Amenities include an infinity edge pool, yoga lawn, outdoor lounge, fitness center, coworking space, private wine lockers, an entertainment lounge, catering kitchen, resident market and pet spa. The building is within walking distance of the AT&T Performing Arts Center, the Dallas Museum of Art, the Crow Museum of Asian Art and the Nasher Sculpture Center.

ZOM continues to expand its footprint in the Texas market, where it has had an active presence for the past 20 years and has completed over a dozen residential projects.

“This refinancing underscores the strength of the Texas market, which is experiencing a surge in housing demand and leads the nation in multifamily development activity,” says Matthew Adler, chief investment officer with ZOM.

The refinancing replaces the construction loan on the development, which was completed in summer 2021. The lender was not disclosed.

With offices in several markets such as South Florida, Dallas, Washington, D.C., Phoenix and Raleigh, N.C., ZOM has developed more than 24,000 apartment units nationwide. The firm currently has over 8,600 units under construction or in design and predevelopment stages.

— Kristin Harlow

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