Vivo Living (“Vivo”) is expanding its hotel recycling approach to remodel former Holiday Inn and Radisson towers in downtown Baltimore, MD. Located near the Convention Center, Royal Farms Arena, Camden Yards, various courthouses and public transit lines at the intersection of Baltimore’s Inner Harbor and Financial District, the acquisition represents the Vivo’s sustainability approach to repositioning functionally obsolete properties at reasonable prices. lifestyle residential housing.
Totaling more than 400,000 square feet of living space, Vivo’s purchase represents Vivo’s largest hotel-to-residence conversion since the pandemic began. These units will be affordably priced, with Vivo targeting rents that will be 10% to 20% off units at the current market rate, all without compromising on amenities.
At the same time, Vivo’s sustainability-conscious construction methods mean fewer emissions from resource-intensive construction.
While units will be market priced, Vivo’s flexible pricing approach will appeal to a wide range of demographics——who seek Class A, hotel-like amenities (such as a lobby with Wi-Fi). -Free Fi, multiple lounges, meeting room areas, rooftop pool, and multiple fitness centers) in addition to community-focused programming and events.
Vivo’s mission is to solve the housing affordability crisis in the United States through the acquisition of sustainability-focused properties and the adaptive reuse of existing buildings as residential units. Vivo is looking nationwide to enter resurgent urban markets, like downtown Baltimore, by providing the community with more housing options while creating a healthier, safer and more livable environment for everyone. .
Vivo’s acquisitions in Baltimore are located at
101 W. Fayette St. and 110 W. Baltimore St. in Baltimore, Maryland
“Some tenants in Baltimore spend 50% of their income on rent. Vivo Living offers natural affordable rents in a newly renovated high-rise located in the heart of Baltimore’s Inner Harbor where many can walk to work. notes Dan Norville, founder and CEO of Vivo Living.
With locations now in twelve states including Arizona, California, Colorado, Florida, Indiana, Maryland, Nebraska, North Carolina, Ohio, South Carolina, Texas and utah, Vivo continues to expand its footprint as the national benchmark for adaptive reuse multifamily housing. .
Based in El Segundo, CA, Vivo Living was founded in 2020 to provide flexible, modern residential units with a rich array of amenities not found in typical multi-family apartments. Vivo specializes in the adaptive reuse of functionally obsolete structures in amenity-rich apartment communities with an approach focused on reuse and waste reduction. Vivo’s mission is to solve America’s housing crisis through affordable adaptive reuse. The Vivo website is vivoinvestmentgroup.com.
(Visited 1 time, 3 visits today)