AVRO Development, L.L.C., a real estate holding company based in Valparaiso, Indiana, is announcing plans to develop 130 acres of land neighboring the Valparaiso University campus in Northwest Indiana. Known as Vitalize Valpo, these development activities, driven by robust growth in the area, will have a significant economic impact on the City of Valparaiso, Indiana; Porter County; and the Chicago metropolitan area.
AVRO was founded in 2018 by Valparaiso University’s board of directors as a pioneering approach for visioning and executing strategic economic development on property surrounding its campus. The University’s real estate portfolio has grown over time with multiple transactions and acquisitions of land. AVRO creates a nimble, streamlined limited liability company to effectuate real estate deals on behalf of the University.
Through leveraging Valparaiso University’s resources — such as athletics, academics, its faith-based environment, and an influx of visitors — the AVRO team envisions senior living, hospitality and multi-family development as anchors to a multi-faceted master development plan.
AVRO Development has put together a collaborative team that will cover all aspects of this initiative:
- The Veridus Group: An Indiana firm that places value on People + Process, will serve as the strategic expert in pre-development services, community and economic development, and overall development consulting.
- Context Design: An Indiana studio known for successful placemaking and land planning will focus on design and illustration efforts.
- Coverdale Consulting: A full-service marketing and communication firm, based in Indiana, will provide strategic guidance for public relations and marketing.
