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ZOM Living and CP Capital Launch Azola Avery Centre in Round Rock

Aerial view of Azola Avery Centre in Round Rock, Texas

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.

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