Source: ZOM / #Apartments #Multifamily
PAMPANO BEACH, FL - ZOM, a leading luxury multifamily real estate developer, will commence construction in March on The Residences at Palm Aire, a 404-unit luxury residential apartment community in the city of Pompano Beach, Florida. Centrally located on Atlantic Boulevard in Broward County, the project site is adjacent to Florida’s Turnpike, providing easy access to several major south Florida employment centers. Building design elements are reminiscent of the timeless architectural styling of George Merrick, who designed much of the Coral Gables area. The project is a joint venture with an investor account advised by the U.S. real estate business of UBS Global Asset Management. Construction financing is provided by PNC Bank.
The Residences at Palm Aire will feature spacious apartment homes housed in 19 three-story buildings with two-story end sections in select buildings. Spacious three bedroom units feature direct access, two-car garages and additional single garages throughout provide breezeway access to living units. Floor plans range from 655 to 1,545 square feet. Interior unit finishes will be a cut above the market featuring well-appointed island kitchens, granite countertops, contemporary cabinets, stylish flooring, walk-in closets and private patios. The large community center will feature a membership-quality fitness center, e-lounge and resort-style pool.
“This new generation product has been very well received at our newest rental community, Casa Palma, which opened in March 2014 in nearby Coconut Creek,” said Greg West, ZOM’s Chief Development Officer. “The open space within the site and scale of the buildings achieves a neighborhood feel unlike other rental communities in the Pompano Beach market.”
The changing elevations within the site will include multiple water features and green spaces throughout, creating an ambiance and sense of tranquility seldom found in a rental community of this scale. The Palm Aire clubhouse will be perched on a commanding elevation at the entrance to the community. Residents will also enjoy proximity to a variety of shopping, employment and entertainment venues.
ZRS Management, LLC will provide property management. Pre-leasing will begin in early 2016.