Kentro Group: In The News

Today’s News + Insights from Kentro Group

August 31st, 2023

CRE valuations in flux due to negative leverage

Though it might feel like a century has passed, the Federal Reserve’s rate hike policies began only in March 2022. As you read this article, the Fed just raised rates for an 11th time, lifting benchmark borrowing costs to their highest level in more than 22 years. Officials gave little indication of the course they might take at their next meeting in September. The effects on CRE transactions are clear. The cost of capital and uncertainty around property valuations have become giant hurdles.

March 20th, 2023

Former Gart property in Capitol Hill could get 100 affordable units

After buying a one-story office building in Capitol Hill in December, a development firm wants to tear it down and build affordable housing units. Denver-based Kentro Group purchased 1001 N. Lincoln St. from Gart Properties in December for $4.5 million.

March 10th, 2023

Colorado Blvd.-area affordable housing just broke ground in Virginia Village, and more change is coming

What used to be old, dilapidated buildings housing the Colorado Department of Transportation in Virginia Village will now host a park, a supermarket and affordable housing.
Kentro Group and Lexton McDermott broke ground on the old CDOT headquarters a few blocks north of I-25 and Colorado on Wednesday to make way for a housing project that’s been in the works since 2018.

March 8th, 2023

Affordable housing project breaks ground in southeast Denver as affordability debate continues

The City of Denver celebrated the groundbreaking of a new affordable housing project on Wednesday.
The Kentro Group and Lexton McDermott broke ground on the Krisana Apartments located on the former Colorado Department of Transportation headquarters site in Denver’s Virginia Village neighborhood. The complex features 151 units of affordable housing.

February 28th, 2023

Kentro Group Acquires 24 Acres in Loveland for Residential Development

Kentro Group, a Denver-based real estate developer offering all aspects of retail real estate, acquisitions, development, finance, leasing and select property management, has acquired ±24 acres of land on two adjacent parcels in Loveland. The developer plans to construct a new residential project on the property.
Located at the southwest corner of Highway 402 and Roosevelt Ave, the pair of parcels sold in separate transactions for a combined $1.6 million.

February 9th, 2023

Kentro plans redevelopment of King Soopers site in Denver’s Belcaro neighborhood as grocer relocates

Denver-based Kentro Group submitted redevelopment plans to the city this week for 825 S. Colorado Blvd., a 6.4-acre site in the Belcaro neighborhood that features a strip mall anchored by the grocer and two stand-alone buildings.

December 22nd, 2022

Gart sells brutalist office building on Lincoln to Kentro for $4.5M

A brutalist office building along Lincoln Street that has been used sporadically in recent years has changed hands. Denver-based Gart Properties, the real estate firm that grew out of a sporting goods chain, sold the 1001 Lincoln St. building earlier this week for $4.5 million, according to public records. The 18,500-square-foot structure sits on a 0.53-acre lot. The buyer was Kentro Group, a Denver-based development firm. A Kentro representative said the company is still determining its plans for the property.

October 10th, 2022

King Soopers plans store at former CDOT site along Colorado Boulevard

CDOT is out, and King Soopers is in.
The grocery store chain plans to open a store at 4201 E. Arkansas Ave., a large site along Colorado Boulevard in the Virginia Village neighborhood where the state transportation department once had its headquarters.

April 19th, 2022

Construction Begins on 62-Unit Affordable Senior Community in Virginia Village

A new affordable senior living community has begun construction in Denver’s Virginia Village neighborhood through a joint venture between local real estate development firms Lexton McDermott and Kentro Group.

February 5th, 2022

Kentro seeks TIF for Scoular site

The Denver-based Kentro Group intends to buy and rehabilitate the nearly 90,000-square-foot downtown Omaha complex that the international Scoular grain company occupied before it moved to west Omaha.

October 13th, 2021

Massive Virginia Village development near I-25 will break ground in summer, starting with affordable housing

Viscardi said this portion of the project is focusing on the affordable units, which will be a mix of studios, one- and two-bedrooms and will be available for those making 60 percent of the area median income or less. “The affordable housing portion is absolutely critical not only to the Denver market but as part of our project,” Viscardi said. “We’re really happy we got selected on the tax credit deal.”

July 28th, 2021

T.J. Maxx and Sierra stores coming along at Summit Place shopping center

Renovations and upgrades are underway at the Summit Place shopping center in Silverthorne, where progress is being made toward opening the new T.J. Maxx and Sierra stores.

July 21st, 2021

After 70 years, family sells to Kentro

Around the late 1940s, Jim Austin’s father purchased Square One retail center through a $100 handshake deal at a bar. “My father ran across someone who was obviously in the mood to sell, I’m guessing at the bar in the old Cosmopolitan Hotel,” Austin said. “That was the down payment, but I’m sure there was more money involved.” “The family legend is that it was bought back when Colorado Boulevard was a two-lane dirt road,” he added.

September 28th, 2020

Nearly 200 townhomes coming to former CDOT complex in southeast Denver

Demolition work is expected to get underway next week on a former Colorado Department of Transportation regional headquarters in southeast Denver, the first step in bringing 198 new homes to the area.

July 30th, 2020

TJ Maxx, Sierra Trading Post coming to Silverthorne

Chris Viscardi of Kentro Group wrote in an email that the group expects to start construction during the third quarter of 2020 and is planning to have the work completed and potentially open the stores by summer 2021. Kentro Group also developed and owns the Kum & Go at Lusher Court and Summit Boulevard in Frisco.