Creepy apartments by the Beltline? (Vivo Apartment Living)

I recently moved to the West Town Mall area and as I've been exploring I'm increasingly intrigued to know the story behind the seemingly abandoned Vivo Apartment living at 517 Grand Canyon Dr.

I pass by it pretty often and it looks abandoned but simultaneously it almost appears as if people could conceivably live there. Their website ( https://www.vivolivingmadison.com/ ) makes it look legitimate but the pictures look nothing like the reality. There are always cars in the lot but not nearly enough to give the impression that the building is inhabited. I found a reddit thread from 2 years ago about the plans to turn the hotel into apartments and it blows my mind that it could've been converted, been in business, then closed down in such a brief window of time.

I'm so curious if anybody here knows the story behind this location and whether or not it may open as apartments in the future or if it was in the past?