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ZOM Living, in a joint venture with CP Capital, has completed Azola Avery Centre, an upscale 359-unit residential community in Round Rock, Texas. The property is part of the 1,200-acre Avery Centre master-planned development.
The joint venture partners announced the Azola Avery Centre project in 2022 and broke ground in January 2023, financing the construction with a $57.7 million loan from Truist Bank, according to Yardi Matrix. JHP served as architect and Rampart as general contractor.
Located at 3801 N. A.W. Grimes Blvd., Azola Avery Centre comprises 14 three-story buildings spread across a 14-acre site. Apartments have studio, one-, two-and three-bedroom layouts ranging from 573 to 1,564 square feet. The asset is currently 65 percent occupied.