Case Studies

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Case Studies

  • 1900 Euclid Avenue Lofts Case Study

    Following a complete building renovation and expansion into 83 loft-style apartments. 1900 Euclid Lofts, located across Euclid Avenue from Cleveland State University, slipped to 30% occupancy and into foreclosure. The Coral Company was named the court appointed receiver. To be a competitive asset, 1900 Euclid Lofts desperately needed a comprehensive management, marketing, & leasing plan.Read More...
  • Shaker Square Case Study

    The Coral Company acquired historic Shaker Square in 2004, when the asset was suffering from 70% financial vacancy and was tied up in a combative foreclosure process. Coral was faced with the challenge of finding a new vision for the Square and delivering on the new vision.Read More...
  • W.T. Grant Lofts Case Study

    When the 73-unit loft apartment building at 248 Euclid avenue in downtown Cleveland was acquired by an out of state investment firm in 2009, the asset suffered from low resident retention rates, market trailing rents, deferred maintenance, and dated finishes and décor in the suites. W.T. Grant was a well located and underperforming multi-family property. Coral was retained by the new owner to address these problems and push the property to a market leading position.Read More...
  • The Courtyards Case Study

    The Coral Company purchased the vacant former office campus of Austin Company on the ring road around Severance Town Center, itself a redeveloped mall property in an ideal location close to University Circle. The vision for Courtyards was a dense, residential neighborhood with unique designs and unit configurations centered around European-style courtyards. The unit designs at Courtyards have won numerous awards.Read More...
  • Westhampton at Crocker Park Case Study

    When Stark Enterprises asked The Coral Company to be a part of its landmark mixed use development in Westlake, Crocker Park, Coral was eager to participate. The principles of Crocker Park – density, walkability, community, and public space – are exactly what Coral means by “building the city.” Read More...
  • Shore Cultural Centre Case Study

    Shore Cultural Centre is a city-owned community arts and cultural center housed in a historic high school building on a critical intersection in downtown Euclid. Shore has struggled financially and programmatically in twenty-plus years the City has owned and operated it, never quite meeting the potential that was envisioned for it when it was first converted from a school building. Read More...
  • Shaker Square Case Study

    In early 2003, after a bank took ownership of historic Shaker Square, The Coral Company received calls from tenants, capital providers, and community members urging Coral to consider buying the Square. Coral’s executive team developed a strategy to revitalize the property under a “Night and Day” theme. Shaker Square would have two personalities.Read More...