What's Next
Next on The Coral Company’s agenda is an exciting and ambitious development project in North Royalton called Town Center District, where The Coral Company and the City of North Royalton are working together to redevelop the City’s tired central business district and transform it into a vibrant, family-friendly area that will support a mixture of new uses, including civic, office, retail, housing and recreation.
- Property Types: Retail, For-sale Residential, Mixed-use
- Geographic Focus: Midwest and select high-growth markets (minimum population of 500,000, in-fill locations preferred)
- Development Budget: $15.0 million to $200.0 million
- Hold Period: As necessary
- Parcel Size: Flexible – small infill opportunities to 150 acre sites
- Return Expectations:
- Retail: 25.0% Levered IRR (pre-tax)
- For-Sale Residential: 25.0% Gross Margin (pre-tax)