Clever wordplay ("zip" + "city") with positive connotations that could suit many uses. For instance, a company that manufactures and designs zips.
Also, a commuter app, that helps people move around a city quickly. It could suit a company that created a travel app (i.e. something helping people understand and navigate a city).
Zipacity has eight letters and four syllables. Established brands using four syllable names include Airbnb, Coca-Cola and Unilever.
This domain was first registered in April 2013. Older domains have an advantage when ranking in search engines.
Zipacity.com is a dot-com domain. Dot com domains are the most desirable domain extension in the world, used by famous websites like youtube.com. Owning a dot-com says that you own the word "zipacity" online.