The company will include 150 units of affordable housing as part of the deal
“Great real estate, great neighborhood,” Balafas said. “And we think there’s a need for a great restaurant there.”
The Kentro Group is preparing a plan that would create the kind of mixed-use development that is more common in the city center, with at least 150 below-market apartments and enough retail to fill a large city block. A proposal that would go before the Denver City Council this year would allow buildings to reach eight floors on parts of the Arkansas property, which is in Virginia Village.
“We’ve been eyeing this site for a long time. It’s just a rare piece of property that’s 13 acres in the middle of the city,” said Jimmy Balafas, Kentro Group co-founder.
It’s the kind of development that the city government has been trying to encourage.
Sixteen development projects were held up this month as the standard of how buildings can excel in architecture, design and place-making.
The 2017 Mayor’s Design Award went to a variety of projects including a tiny home village, boutique shops, a coworking space and a food hall. An awards ceremony for the projects was held earlier this month.
Kentro Group also sees opportunity in Colfax Avenue. The Denver-based firm is behind the Colfax Collection building where Tacos Tequila Whiskey, The Three Lions and other popular retailers are located.
The ribbon cutting was a big event for Englewood because the former fitness center building had been empty for more than 10 years. It was a more-than $6 million project to construct the 14,600-square-foot Rite Aid.
“Retail is dead. Long live retail!” While headlines about the retail industry are screaming, this exclamation represents a turn of phrase first used to communicate the continuity of royal power.
Our guide this week is Jimmy Balafas. He is the president of the board of the Colfax Business Improvement District (CBID), which runs for 24 blocks from Colorado’s Capitol complex to East High School.
Jimmy Balafas. is the president of the board of the Colfax Business Improvement District (CBID)
Kentro Group bought a retail and office building at Seventh Avenue and Colorado Boulevard anchored by popular breakfast spot Snooze last week for $7.1 million. The retail strip’s tenant list includes Snooze, Anthony’s Pizza & Pasta and a UPS Store.
When it opens at the corner of East Colfax Avenue and Race Street on May 13, the ninth outpost of the Illegal Pete’s burrito chain hopes to do more than just connect customers with fast-casual Mexican food.
A Denver developer has added another Colfax property to its portfolio. Kentro Group bought a former bank branch at 5901 E. Colfax Ave. last week for $1.325 million.
Denver-based developers Kentro Group sell the recently finished Tennyson Shops retail strip near 43rd Avenue and Tennyson Street for $4.4 million.
Following the ever-changing tide of street art in Denver is a truly obsessive passion, and Project Colfax is that obsession personified. More than thirty artists were invited by Kentro Properties to paint the interior and exterior of the old Denver Car Wash.