August 20th, 2018
Colorado Boulevard could have a new, more urban identity down south
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.
December 5th, 2017
Kentro Goup’s Illegal Pete’s Location Among Mayor’s Design Award Winners as a Neighborhood Gem
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.
July 25th, 2017
East Colfax’s identity will soon change- but to what?
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.
May 8th, 2017
Rite Aid now open in Englewood
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.
May 3rd, 2017
Amid market challenges, street retail thrives
“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.
February 19th, 2017
From the Block: Denver’s ‘wicked’ Colfax drives into the future
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.
February 19th, 2017
Denver’s ‘wicked’ Colfax drives into the future
Jimmy Balafas. is the president of the board of the Colfax Business Improvement District (CBID)
October 25th, 2016
Snooze-anchored property sold for $7M
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.
May 4th, 2016
Illegal Pete’s sets new hipster anchor on rapidly changing East Colfax
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.
April 25th, 2016
Kentro Group invests further in East Colfax Avenue
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.
April 7th, 2016
Tennyson Shops are completed, then sold for $4.4M
Denver-based developers Kentro Group sell the recently finished Tennyson Shops retail strip near 43rd Avenue and Tennyson Street for $4.4 million.
March 3rd, 2016
Project Colfax : BEST PUBLIC ART MURAL
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.
February 4th, 2016
Ware-as-Hulk mural supports Broncos
The Kentro Group development group owns the Colfax site. The company bought the 0.36-acre plot a year ago for $1 million. Kentro has gutted the building and plans a redevelopment.
August 19th, 2015
ICSC Rocky Mountain
Jimmy Balafas is co-founder and Managing General Partner of
Kentro Group LLC, a private real estate investment firm.
May 20th, 2015
Denver’s ‘first TOD’ enjoys Renaissance
s. Developers such as the Kentro Group have large parcels under contract for future developments. Kentro has placed a former Colorado State Bank building on an acre between Jasmine & Ivy streets, north of Colfax, under contract, said Jimmy Balafas, principal of the Denver-based development firm.