News Summary
ZOM Living and CP Capital have officially unveiled the Azola Avery Centre in Round Rock, Texas. This new multifamily community features 359 residential units, offering a variety of apartment sizes at competitive rental prices. The community also boasts modern amenities and is strategically located near major tech employers, reflecting a significant investment in the local real estate market.
Round Rock, Texas
ZOM Living and CP Capital have officially unveiled the Azola Avery Centre, a new multifamily community located in the master-planned Avery Centre development in Round Rock, Texas. The community features 359 residential units, offering a diverse range of studio, one, two, and three-bedroom apartments, with sizes varying from 573 to 1,564 square feet. Monthly rental prices for these apartments range from $1,200 to $2,600, catering to a wide range of income levels and living preferences.
This joint venture brings together Dallas-based ZOM Living and New York City-based CP Capital, signifying a significant investment in the local real estate market. The architectural design is handled by JHP, while Rampart serves as the general contractor for this expansive project, which spans over 14 acres and consists of 14 garden-style buildings.
Community Amenities and Features
The Azola Avery Centre is designed with modern living in mind, offering apartment features that include:
- Stainless steel appliances
- Frameless glass showers
- Lighted vanity mirrors
- Walk-in closets
- In select units, built-in work-from-home spaces
- Private yards
In addition to the individual units, the community provides a variety of amenities aimed at enhancing the resident experience. Some of these amenities include:
- A spacious clubhouse
- A resort-style swimming pool
- Coworking spaces
- An outdoor pavilion equipped with barbecue grills
- A fully-equipped fitness center
- A grab-and-go market
- A pet salon and dog park
The community also integrates green spaces with pocket parks connected by walking paths, promoting an active outdoor lifestyle for residents.
Location and Accessibility
Located approximately 20 miles north of downtown Austin, the Azola Avery Centre offers convenient access to major tech employers such as Dell, Apple, and Amazon. The area is also in proximity to notable educational institutions, including the Texas State University – Round Rock campus, Austin Community College, Texas A&M Health Science Center, and Seton Williamson Hospital. This strategic location is expected to attract a diverse population of professionals, students, and families to the community.
Occupancy and Development Plans
Currently, the Azola Avery Centre is reported to be 65% occupied, indicating a positive reception from prospective renters. The construction of the development was financed through a $57.7 million loan secured with Truist Bank, highlighting the financial backing behind this ambitious undertaking.
ZOM Living, which has a history of developing over 25,000 apartment units across the United States and a total market capitalization exceeding $5.4 billion, aims to meet the evolving needs of renters with this project. The Azola Avery Centre is viewed as a key component of the broader Avery Centre area, which is evolving into a vibrant mixed-use community featuring single-family homes from various builders.
As the demand for multifamily housing continues to grow in the Round Rock area, the Azola Avery Centre is positioned to meet the needs of renters seeking modern conveniences and a community-centric lifestyle.
Deeper Dive: News & Info About This Topic
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Additional Resources
- MultiHousing News: ZOM Living & CP Capital Complete Austin Luxury Community
- Wikipedia: Round Rock, Texas
- Multifamily Dive: ZOM Living Adds 359 Units Near Austin’s Tech Giants
- Google Search: Azola Avery Centre
- REBusiness Online: ZOM Living & CP Capital Complete 359-Unit Multifamily Project
- Google Scholar: Avery Centre Texas
- Connect CRE: ZOM & CP Capital Open 359-Unit Round Rock Apartment Community
- Encyclopedia Britannica: Austin Texas Real Estate
- Yield Pro: California Avenue
- Google News: ZOM Living
Author: STAFF HERE AUSTIN WRITER
The AUSTIN STAFF WRITER represents the experienced team at HEREAustinTX.com, your go-to source for actionable local news and information in Austin, Travis County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as SXSW, Austin City Limits Music Festival, Formula 1 United States Grand Prix, and the Austin Film Festival. Our coverage extends to key organizations like the Greater Austin Chamber of Commerce and Visit Austin, plus leading businesses in technology, automotive, and retail that power the local economy such as Dell Technologies, Tesla, and Apple. As part of the broader HERE network, including HERECollegeStation.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
