Country for PR: Japan
Contributor: Kyodo News JBN
Tuesday, July 03 2018 - 15:00
AsiaNet
Daiwa House Industry Starts High-Rise Rental Housing Development Project in Dallas, Texas in U.S.
OSAKA, Japan, July 3, 2018 /Kyodo JBN-AsiaNet/ --

Daiwa House Industry Co., Ltd. 
(http://www.daiwahouse.co.jp/English/index.html), together with ITOCHU 
Corporation (https://www.itochu.co.jp/en/index.html) held a groundbreaking 
ceremony for the Atelier Project -- a high-rise rental housing development 
project -- on June 29, 2018, in Dallas in the U.S. state of Texas. 

Photo: External View of the Atelier Project (Image for illustration purposes)
(https://kyodonewsprwire.jp/img/201807025584-O1-7v18f35v) 

The 41-story rental housing complex, approximately 540 feet tall, will have 
retail facilities on the 1st floor. It will be located in the Dallas "Arts 
District," which is lined with art galleries and concert halls in the center of 
Dallas.

Atelier Apartments LLC, which is comprised of three companies -- Daiwa's U.S. 
subsidiary Daiwa House Texas Inc., ITOCHU and Orlando, Florida-based rental 
housing developer ZOM Living, owns a section of this project and will operate 
both the rental housing portion (the total number of units: 364) and the retail 
facilities (space for up to four tenants).

Key Points
1. High-rise rental housing with 41 stories above ground and a variety of 
amenities
2. Development in the "Arts District," located in the center of Dallas
3. Targeting high-income earners in the millennial generation and the 
empty-nest generation

For details, please visit
https://kyodonewsprwire.jp/attach/201807025584-O1-k1PW9i0Z.pdf


Source: Daiwa House Industry Co., Ltd.