Chow rings of toric varieties defined by atomic lattices

We study a graded algebra D=D(L,G) defined by a finite lattice L and a subset G in L, a so-called building set. This algebra is a generalization of the cohomology algebras of hyperplane arrangement compactifications found in work of De Concini and Procesi. Our main result is a representation of D, for an arbitrary atomic lattice L, as the Chow ring of a smooth toric variety that we construct from L and G. We describe this variety both by its fan and geometrically by a series of blowups and orbit removal. Also we find a Groebner basis of the relation ideal of D and a monomial basis of D over Z.