A retail center located at the northwest corner of Centennial Boulevard and 30th Street will break ground later this moth.
Developers of the project are Craig Anderson and Bentley Hill of Highland Commercial Group.
The Shops at Centennial will occupy 14,000 square feet and will include a dry cleaning establishment, hair salon, sandwich shop, bagelry, and tanning salon.
Anderson and Hill bought the property in 1990, and have kept the land vacant with the exception of 1 acre, which now serves as a site for Farmcrest, boasting one of the company’s highest volume stores in Colorado.
Hill said the two decided to build a neighborhood center on the site when they realized retail outlets in the area were limited.
"We watched the market evolve and noticed all [that] was going up were business complexes," said Hill. "With MCI just a third of a mile away, it was apparent a service-oriented retail center was needed in the area."
The space for the upcoming center is going quickly. According to Anderson, after only a few calls, 65% of the space was leased. Existing space in the center will go for $12 per square foot.
The builder for the project is Hammer Construction, with construction costs anticipated to reach nearly $1 million.