Vivo Living (“Vivo”) has expanded two new properties in Indiana and Nebraska as part of its nationwide effort to convert low-demand hotels into boutique efficiency apartment complexes. Vivo apartments are offered furnished or unfurnished and include unique hotel amenities (free wifi, lounge areas, pool, gym, etc.). At market-rate, flexible pricing, Vivo apartments are offered in the low-to-mid price range while also delivering a luxury living experience to middle-income tenants.
Vivo also uses green initiatives and sustainable systems with a triple bottom line philosophy to minimize its environmental footprint further. With locations now in Arizona, Colorado, Indiana, Nebraska, North Carolina, Texas and Utah, Vivo continues to expand nationwide.
The addresses of the two new Vivo properties are as follows:
1. Vivo Bloomington (90 units): 1722 N Walnut Street, Bloomington, IN 47404
2. Vivo Omaha (136 units): 11515 Miracle Hills Dr, Omaha, NE 68154
“Vivo aims to reduce traffic, waste and sprawl by carefully selecting each location to be in physical proximity to shopping, markets, entertainment and other necessities. We are reusing buildings versus building ground-up. Adaptive reuse is the most environmentally friendly way of developing, we are basically a building recycling company”, notes Dan Norville, founder and CEO of Vivo Living.
Brett Tanimoto, CIO of Vivo Living, elaborated further on Vivo’s mission: “Because we are saving money on costs that would traditionally be included in building an apartment from the ground up such as construction labor and materials costs. We can offer Class A amenities with rents that are well below traditional apartments making it an especially attractive option for all renters”.
Headquartered in Torrance, California, Vivo was founded in 2020 to offer flexible, luxury efficiency apartments with all the best parts of hotel living included. Vivo is a response to the ongoing housing crisis and critical workforce housing shortages. The firm specializes in converting low-demand hotels to boutique apartment complexes at market-rate pricing to renters while reducing traffic, waste and sprawl.
Vivo’s website is www.vivoliving.com.