Vivo Wilmington
Location
4903 Market St
Duration
12 Months
Completed
2022
Units
230 Units
Location
4903 Market St
Duration
12 Months
Completed
2022
Units
230 Units
Project Overview
ITDG completed the conversion of Vivo Living Wilmington, transforming a dual-branded 7.7-acre motel property—consisting of an adjacent Budgetel Inn and Motel 6—at 4903 Market St into 230 studio apartments in Wilmington, North Carolina. Vivo Investment Group acquired the property in late 2021 for approximately $11 million, and ITDG delivered the adaptive reuse conversion by mid-2022, with the community fully stabilized and open to residents by 2023.
The conversion scope included full interior unit renovations—converting motel rooms into functional studio efficiency apartments with updated kitchens, bathrooms, and contemporary finishes—along with mechanical, electrical, and plumbing upgrades to support permanent residential occupancy. Common areas were extensively redeveloped into resident amenities including a resort-style swimming pool with an 8-foot deep end, a fitness center, co-working spaces, a clubhouse with lounge and game areas, and a business center.
Originally branded as Vivo Living Wilmington, the property now operates under the name Flats at Market Street. The project proved to be a highly successful investment, with the property selling in mid-2025 for $17.6 million—a significant return on the original acquisition and conversion costs.
Visual Documentation
29 images from the completed project
How We Delivered
Project Objective
Converting a dual-branded motel property into permanent residential housing presented unique challenges. The two adjacent motel buildings—each with different construction standards and layouts—needed to be unified into a cohesive residential community. Motel room configurations required significant reconfiguration to function as studio apartments, and the 7.7-acre site's common areas had to be reimagined to support long-term residential living rather than transient overnight stays.
Our Approach
ITDG executed a comprehensive conversion across both motel properties, upgrading MEP infrastructure to residential standards and converting each motel room into a modern studio apartment with full kitchens, updated bathrooms, and durable finishes. Our teams unified the two formerly separate properties into a single cohesive community, transforming common areas into a clubhouse with lounge and game spaces, co-working areas, and a business center while retaining and enhancing the resort-style pool as a signature amenity.
Delivered Outcomes
Similar Work
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