Azola Avery Centre is open to new residents in Round Rock, Texas, 20 miles north of major tech employers in downtown Austin, according to a press release shared with Multifamily Dive.
The property, the newest phase of the 1,200-acre Avery Centre master-planned development, is a joint venture between Dallas-based multifamily and senior housing developer ZOM Living and New York City-based investment manager CP Capital. Its 359 units range from studios to three bedrooms, 573 to 1,564 square feet in size, spread across 14 garden-style buildings.
Each apartment features a white and light-tone color palette and modern design aesthetic, with stainless steel appliances, frameless glass showers, lighted vanity mirrors, walk-in closets and built-in work-from-home space. Private yards are included in select units. EV-ready garages are available at each building, and open-air parking and carports are located throughout the property.
Amenities include a clubhouse, a pool, coworking spaces, a patio with barbecue grills, a fitness center, a grab-and-go market, a pet salon and a dog park. Pocket parks are available throughout the property, connected by walking paths.
Avery Centre encompasses the Texas State University – Round Rock campus, Austin Community College, Texas A&M Health Science Center and Seton Williamson Hospital. It also includes new single-family home developments from builders D.R. Horton, Landsea Homes, Century Communities and Pacesetter Homes.
“While much of the master-planned development activity in Avery Centre has concentrated on the west side of A.W. Grimes [Street], ZOM played a key role in activating the east side,” Jason Haun, senior vice president of ZOM Living’s Southwest division, told Multifamily Dive. “We see this as the beginning of a broader expansion that will continue to reshape the area.”
Nearby employers include Dell, Apple, Hewlett Packard, Samsung, Indeed, Oracle, IBM, Amazon and Cisco. “Round Rock’s strong population and job growth, along with its proximity to Austin, make it an ideal market for sustained rental demand,” Justin Sorem, director of asset management at CP Capital, said in the release.
ZOM Living has developed over 25,000 apartment units nationwide with a total market capitalization of over $5.4 billion, according to the release. The developer is bullish on the Austin market, according to Haun, and exploring new opportunities across Texas.
“[We’re focusing] on high-growth submarkets where we can deliver high-quality, well-located communities that meet the evolving needs of today’s renters,” Haun told Multifamily Dive.
