GALENA STREET LOFTS
January 15, 2015
ALPINE GROVE
January 16, 2015

COVENTRY EAST

NAME:

Coventry East

STATUS:

Completed 1989

LOCATION:
Columbus, OH

SUMMARY:
  • 320-unit, multi-residential apartment community
  • Interior and exterior renovation of all buildings and units
  • Property was 100% occupied within 9 months of the renovation

Coventry East is a 320-unit, multi-residential apartment community on the east side of Columbus, within minutes of easy freeway access to downtown. It’s demographic profile and 60% occupancy rate was compromising the safety of the neighborhood. The opportunity was to redevelop the property through new management, marketing, and physical enhancements.

The property’s existing amenities were unlike anything in Columbus–racquetball, indoor and outdoor swimming pools, outdoor lighted tennis courts, an exercise facility, storage building for trailers, boats and motor vehicles. These amenities had not been maintained or updated for many years. All were revitalized and improved during the renovation. New kitchens, bathrooms, decks, patios, siding, lighting, landscaping and parking were also added.

The property was 100% occupied within nine months of the renovation and new management plan. Crime dropped by nearly 80% in one year after an effective neighborhood watch program was established with local police.