DALLAS, TX - ZOM Living, in partnership with affiliates of Daiwa House Texas Inc. and Itochu Corporation, recently broke ground on a new luxury high-rise in the flourishing Dallas Arts District. ATELIER, a mixed-use community comprised of 364 luxury residential tower units with unmatched panoramic views of both Uptown and Downtown, will be the tallest rental tower in the Dallas area at 41 stories. Residents will enjoy over 26,000 square feet of amenity space and 15,000 square feet of onsite retail. ATELIER will also be home to FLORA LOFTS, 52 affordable artist lofts developed by local architect Graham Greene to provide needed housing for the local arts community. In addition, there will be 157 hourly-fee public parking spaces in the underground structure and 553 resident spaces in a 10-story parking garage.
Situated in the Arts District directly ZOM between Uptown and Downtown, and only steps from Klyde Warren Park, ATELIER is perfectly located at the intersection of arts, culture, employment, shopping, dining, and transit. This architecturally stunning building will take advantage of the best urban lifestyle Dallas has to offer.
“We are proud to be part of the transformation of this evolving neighborhood,” said Greg West, ZOM Chief Executive Officer. “The Arts District, Downtown and Uptown are merging into a vibrant, highly desirable, 24-hour urban area and Atelier sits at the heart of this very important intersection.”
“Daiwa House is excited to be part of this unique opportunity which will provide luxury and affordable housing to the Arts District,” stated Takeshi Wakita, President of Daiwa House Texas Inc.
Graham Greene added, “We celebrate the beginning of Atelier Luxury Residential development in the Dallas Arts District and have great confidence in its success. The wonderful, adjacent companion element in the development -- Flora Lofts, mixed income housing for working artists – is continuing in anticipation of closing on financing and advancing the project over the coming months. Flora Lofts vision remains strong and its supporters remain committed to realizing a project that helps fulfill our commitment to a vibrant inclusive arts community in Dallas. We encourage our supporters to stay strong with their desire to see the fulfillment of this Arts District affordable artists housing dream. We remain committed to its fulfillment.”
One, two and three bedroom units will range from 702 to 2,266 square feet and the 11th floor amenity deck will feature a lushly landscaped deck surrounding a resort-style pool, multiple spacious open lounge areas with wi-fi, membership-quality fitness center, yoga/spin room, e-lounge, conference room, co-working spaces, fire pits, dog salon, private wine lockers, BBQ grills, and an entertainment kitchen with indoor and outdoor dining areas. The amenity level is intended to foster interaction among residents and provide an urban oasis, a variety of social settings and activities without having to leave the community.
Construction financing was provided by Fifth Third Bank and SunTrust Bank. Architectural design provided by Stantec and the general contractor is Balfour Beatty. ZRS Management, LLC is providing leasing and property management services.