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.
Denver native Dimitrios “Jimmy” Balafas is the co-founder and managing general partner of the Kentro Group, a Denver development company specializing in retail. Balafas had invested in retail real estate locations since 2004, but officially launched Kentro in 2009 with business partners George Balafas, his brother, and Yianni Bellis, his cousin.
Denver developer who helped land the Denver Trader Joe’s almost two years to assemble the land and get the zoning changed to allow for the popular grocer.
Denver developer Jimmy Balafas said he expects to be in a “neck-and-neck race” with Boulder to be the first to open a Trader Joe’s.
The Denver City Council has cleared the way for a Trader Joe’s to be located at the southeast corner of Colorado Boulevard and East Eighth Avenue by approving a zoning change that would allow for the wildly popular grocer.
COLFAX BUSINESS IMPROVEMENT DISTRICT (CBID) appointed Jimmy Balafas as a new board member.
The revitalization of Denver’s East Colfax Avenue is picking up speed — with new private and public projects under way and more to come.