ANAHEIM, CA—A joint venture between Vivere Residential II LLC, a privately held real estate investment company owned by Moller Investment Group LLC, and its development manager, Mack Urban LLC, a West Coast real estate investment and development firm, has broken ground on Phase II of Vivere Apartments, a 244-unit luxury apartment project  in the “Platinum Triangle” here. The project is located on 3.3 acres at 1331 E. Katella Ave. and will begin preleasing at the end of 2015, with occupancy beginning as early as Spring 2016.

As GlobeSt.com reported exclusively in December 2012, the first phase of Vivere Apartments began preview leasing at that time. The complex had been acquired from Macquarie Bank by a partnership between Urban Partners LLC and AREA Property Partners. Completed in 2011 and fully leased in 2013, Phase I comprises 92 units of luxury condominium-grade flats and loft-style townhomes. Moller acquired both Vivere I and the fully entitled land for Vivere II from the Mack Urban entity this year and hired Mack Urban as the development manager to complete Phase II. Mack Urban was also hired to provide property-management services for both Phase I and Phase II through its wholly owned subsidiary, Mack Urban Communities.

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