Kentro Group: In The News

Today’s News + Insights from Kentro Group

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

October 10th, 2018

Kentro Group succeeds with latest City Council vote and is slated to transform CDOT’s former headquarters into mixed-use development

The company will include 150 units of affordable housing as part of the deal

October 8th, 2018

Kentro Group sells on Colfax, buys on Broadway

“Great real estate, great neighborhood,” Balafas said. “And we think there’s a need for a great restaurant there.”

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.