Denver’s ‘wicked’ Colfax drives into the future
Jimmy Balafas. is the president of the board of the Colfax Business Improvement District (CBID)
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.
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.
Jimmy Balafas is co-founder and Managing General Partner of
Kentro Group LLC, a private real estate investment firm.
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.
A joint venture between Denver-based BMC Investments and Kentro Group plans to develop a 4-acre site at 12100 E. Colfax Ave. across from the campus. The partnership intends to build up to 1 million square feet of medical office buildings.
“We’re going to have more employees across the street than the Denver Tech Center has projected,” said George Balafas, co-founder and partner of Denver-based Kentro Group “When you start looking at how many people are working there on a daily basis, you get strong interest from retailers.”
Denver-based BMC Investments and Kentro Group joined forces, and checkbooks, to buy the 4-acre property at 12100 E. Colfax Ave. for $3.6 million.
The first comes from a joint venture of BMC Investments and Kentro Group, both of Denver, which bought a four-acre property at the southeast corner of Colfax and Peoria, 12100. E. Colfax Ave., Aurora.
BMC Investments and Kentro Group plan to develop the four-acre site at 12100 E. Colfax Ave., at the southeast corner of Colfa and Peoria.
The Kentro Group recently paid $1.15 million for the former Group Ward Carter Dance Studio on a 19,169-sf site at 4275 Tennyson St. in Denver’s Berkley neighborhood.