Kentro Group: In The News

Today’s News + Insights from Kentro Group

October 10th, 2022

King Soopers plans store at former CDOT site along Colorado Boulevard

King Soopers plans store at former CDOT site along Colorado Boulevard
Lily O’Neill October 10, 2022

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.
King Soopers spokeswoman Jessica Trowbridge suggested in a Sunday email to BusinessDen that the new store would replace an existing one about a mile north at 825 S. Colorado Blvd., which has been there for half a century.
“Our Belcaro King Soopers has been a beloved neighborhood staple for more than 50 years and we are looking forward to continuing to serve our customers with the same fresh, affordable and delicious food they have come to expect from their neighborhood store in a larger, modernized format,” Trowbridge said.
An early-stage development proposal known as a concept plan, submitted to the city in mid-September, shows that the new grocery store building would be approximately 100,000 square feet.
The plans, submitted by a Galloway & Co. staffer on behalf of Denver-based property owner Kentro Group, don’t indicate whether the building would have tenants other than King Soopers. The grocery store building would sit on an 8.7-acre lot, the bulk of which would be used for parking.
The project still needs to receive city approvals, and is several months away from breaking ground.
CDOT sold the headquarters site along Colorado Boulevard, along with a regional office site nearby, to Kentro in 2018 for $19.3 million, with the city acting as something of a middleman.
The grocery store would take up the bulk, by not all, of the former headquarters site, which has been scrapped of the buildings that were once on it. The September development proposal also shows a 1.6 acre park, and shows another area where income-restricted housing would be constructed.
CDOT’s new headquarters is just south of Mile High stadium.

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.

June 2nd, 2020

Kentro Group Co-Founder Jimmy Balafas Discusses Landlord/Tenant Relationship During COVID-19

Over the course of three weeks in March, our lives were turned over forcefully by the tsunami-like winds of a global pandemic. For those who’ve lost loved ones, friends, jobs or any chance of maintaining your business, we are thinking of you during this challenging time. Our team is working daily with 100 or so mostly retail tenants to find common ground that makes sense for everyone. We believe in small business and have staked our reputation on the core ethic of always doing the right thing (even if it’s not to our own best advantage). Here’s how trying to adhere to those principles over the past few months has been working so far.

January 8th, 2020

Building potential on Arkansas Avenue

The former 13-acre campus for the Colorado Department of Transportation is the latest parcel in south Denver slated for redevelopment after city council approved a tax package and voted to blight the property last month.

March 13th, 2019

Kentro Group Helps Bring Grocery to Cole Neighborhood

January 30th, 2019

Denver Councilman Brooks backs proposed RiNo development with grocery store, affordable housing

The grocery development is at the border of historic residential neighborhoods and a fast-changing industrial area and the complex would rise up to five floors; it’s unclear how many floors the grocery would fill. Councilman Brooks noted, “Land use is the most powerful position that we play in the city. It’s the most immediate way we can impact our communities.”

January 30th, 2019

Kentro Group Partners with Other Developers to Seek Re-Zoning for Grocery and Multi-Family Housing

Feinstein, and Denver-based development partners Elevation Development Group and Kentro Group, ultimately want to build an approximately 30,000-square-foot retail space intended for a grocery store on the 2.6-acre site, along with 200 residential units.

December 4th, 2018

A proposal for a new “neighborhood center” for south Denver can proceed after the Denver City Council voted its approval on Monday night.

Local developer Kentro Group has agreed to include at least 150 below-market apartments and 150,000 square feet of commercial space in a development at the former Colorado Department of Transportation headquarters at 4201 East Arkansas Ave.

October 15th, 2018

A mandate for urban mixed-use development