ZOM to Develop Apartment Community in Pompano Beach

POMPANO BEACH, FLA. — ZOM, a luxury multifamily real estate developer, plans to begin construction on The Residences at Palm Aire, a 404-unit luxury apartment community in Pompano Beach. The asset will be located on Atlantic Boulevard adjacent to the Florida Turnpike. PNC Bank is providing construction financing for the asset, and ZOM has formed a joint venture partnership with an investor account advised by UBS Global Asset Management for the development. The apartment community will have floor plans ranging from 655 to 1,545 square feet and units will feature kitchens with islands and granite countertops, private patios and walk-in closets. Amenities will include a fitness center, e-lounge and a resort-style pool. ZOM plans to begin construction in March and begin pre-leasing in early 2016. ZRS Management LLC will provide property management services.