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.
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.
The awards recognize some of the top business newsmakers of the last year in 14 industry categories.
Boulder may have been the first to land Trader Joe’s, but Denver appears to have pulled ahead in efforts to lay claim to the specialty grocer’s first store to open in Colorado.
Workers this week broke ground on the Trader Joe’s store at East Eighth Avenue and Colorado Boulevard, six months after the grocery chain confirmed its plans to open its first Denver store.