DALLAS, TX - ZOM Texas, regional affiliate of ZOM, a leading luxury multifamily real estate developer, commenced construction on THE HUDSON, an architecturally distinctive residential community in the Tanglewood/Galleria/Uptown market. The project is a joint venture with an investor account advised by the real estate business of UBS Global Asset Management.
THE HUDSON will feature 431 spacious, well-appointed apartment homes, developed on a high visibility 5.3 acre site located on Fountain View Drive at San Felipe Drive, immediately adjacent to a planned retail center anchored by an upscale gourmet HEB Market, with convenient access to the 610 Loop – providing quick commutes to downtown Houston, the Texas Medical Center and other major employment hubs.
“ZOM continues to pursue multifamily development opportunities in Texas, with a particular focus on the Houston market, based on compelling long term trends,” noted David Kubin, Senior Vice President for ZOM Texas. “With Houston currently ranking #2 in the U.S. job market, and the anticipated robust job growth over the next five years, we niche into this market with a carefully researched, unique product and mix.”
THE HUDSON will be a four- and five-story wrap with a 7-level parking garage, and an elaborate motor court, thoughtfully planned around three centrally located and lushly landscaped courtyards. Residents will enjoy a highly amenitized, hotel-style experience with common areas ideally designed for both entertainment and relaxation. The amenities will feature an e-lounge, golf simulator, membership-quality fitness center with classroom facilities for spinning, yoga, Pilates and aerobics classes, along with a dedicated dog park with pet salon.
ZOM Texas, headquartered in Dallas, has previously developed seven projects in Texas. THE HUDSON is ZOM’s third project in Houston, and thirty-eighth project for the company overall.
Stanford Construction will serve as general contractor and ZRS Management, LLC has been retained to provide property management services. Pre-leasing will commence in Q1 2015.