{
 "id": "n-eb457a47be",
 "slug": "centennial-festival-shopping-center",
 "type": "strip",
 "name": "Festival Shopping Center",
 "aka": [],
 "city": "Centennial",
 "county": "Arapahoe County",
 "state": "CO",
 "country": "US",
 "census_division": 8,
 "lat": 39.57916,
 "lon": -104.87692,
 "geocode_method": "nominatim-city",
 "address": null,
 "metro": null,
 "original_use": "retail",
 "year_opened": null,
 "year_closed": null,
 "acres": null,
 "gla_sqft": null,
 "stores_peak": null,
 "levels": null,
 "original_developer": null,
 "original_architect": null,
 "before_notes": "Draft from nakeddenver.com, model-extracted, unreviewed: The long-vacant Festival Shopping Center in Centennial is being redeveloped into a 114-unit build-to-rent townhome community.",
 "strategy": [
  "redevelop"
 ],
 "new_use": [
  "housing"
 ],
 "share_retrofit": null,
 "status": "approved",
 "year_retrofit": null,
 "developer": null,
 "architect": null,
 "after_notes": null,
 "narrative": null,
 "narrative_license": null,
 "narrative_source": null,
 "zoning_change": null,
 "public_subsidy": null,
 "entitlement_year": null,
 "planning_notes": null,
 "wikidata_qid": null,
 "wikipedia": null,
 "osm_id": null,
 "verified": "draft",
 "verified_by": null,
 "last_verified": null,
 "last_updated": "2026-10-18",
 "created": "2026-10-18",
 "contributor_name": null,
 "contributor_org": null,
 "contributor_link": null,
 "international": 0,
 "county_fips": "08005",
 "opp_score": 10.0,
 "opp_reasons": [
  "already in play: under construction, approved, or sold to a developer with housing plans",
  "median rent $1,812",
  "housing in the record"
 ],
 "for_sale": 0,
 "distressed": 0,
 "deep": {},
 "elements": [
  {
   "slug": "status-pipeline",
   "name": "Retrofit in the pipeline",
   "grp": "finance",
   "evidence": "approved",
   "origin": "record"
  },
  {
   "slug": "place-mall-cluster",
   "name": "3+ other atlas sites within 10 km",
   "grp": "place",
   "evidence": "4 within 10 km",
   "origin": "computed"
  },
  {
   "slug": "place-high-traffic",
   "name": "30,000+ vehicles a day on an adjacent road",
   "grp": "place",
   "evidence": "224,000 on I-25",
   "origin": "fhwa-hpms"
  },
  {
   "slug": "place-freeway-frontage",
   "name": "Interstate or freeway within 600 m",
   "grp": "place",
   "evidence": "I-25",
   "origin": "fhwa-hpms"
  },
  {
   "slug": "strategy-redevelop",
   "name": "Redeveloped",
   "grp": "strategy",
   "evidence": "",
   "origin": "record"
  },
  {
   "slug": "use-housing",
   "name": "Housing",
   "grp": "use",
   "evidence": "new_use field",
   "origin": "record"
  }
 ],
 "sources": [
  {
   "id": 8024,
   "site_id": "n-eb457a47be",
   "url": "https://www.nakeddenver.com/post/transforming-festival-shopping-center-into-new-townhomes-in-centennial",
   "title": "Transforming Festival Shopping Center into New Townhomes in Centennial",
   "publisher": "nakeddenver.com",
   "date": null,
   "quote": null,
   "kind": "news",
   "license": null,
   "retrieved": "2026-10-18"
  }
 ],
 "parties": [],
 "events": [],
 "gallery": [],
 "anchors": [],
 "deals": [],
 "owner_of_record": null,
 "ctx": {
  "assessment": {
   "what_happened": "Festival Shopping Center (Centennial, CO) is approved for redevelopment to housing, with strategy \"redevelop\" and new use \"housing\". Status: approved. Key context: already in play (under construction/approved/sold), median rent $1,812, housing in record. Nearby: Beau Monde Mall (3.8km, approved), SouthGlenn Mall (7.5km, built). Housing market: ZHVI $499,630 (2026-09, -2.1% YoY), ZORI $1,798 (2026-09, -0.8% YoY). Permits: 2024 construction activity in Arapahoe County (2,362 units 1-bed, etc.). Traffic: I-25 (10 lanes, 224k ADT). Unknown: construction start date, specific housing type, current tenant mix.",
   "why": "Record confirms approved status, market data, and cluster context. No external knowledge added. Unknowns explicitly noted.",
   "where_it_stands": "Approved redevelopment to housing, active in market context with nearby projects and permit data.",
   "for_a_planner": [
    "Approved redevelopment status",
    "Nearby projects (Beau Monde, SouthGlenn)",
    "Housing market indicators (ZHVI, rent)"
   ],
   "for_a_developer": [
    "Active permit activity (2024 units)",
    "Market data (ZHVI, ZORI)",
    "Cluster context (4 projects within 10km)"
   ],
   "risks_and_unknowns": [
    "Construction start date unknown",
    "No current tenant data",
    "Verified status: draft (not confirmed)"
   ],
   "data_quality": "thin",
   "one_line": "Approved housing redevelopment in Centennial, CO, with active permits, market data, and nearby projects. Unknown: construction timeline and current retail status.",
   "model": "qwen3-30b-a3b-64k:latest",
   "machine": "Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b)",
   "record_sha1": "5c4505114647"
  },
  "cluster": {
   "within_10km": [
    {
     "id": "n-44f23518e8",
     "name": "6901 S. Havana St.",
     "city": "Centennial",
     "status": "proposed",
     "km": 1.6
    },
    {
     "id": "m-4ce0efef25",
     "name": "Beau Monde Mall",
     "city": "Greenwood Village",
     "status": "approved",
     "km": 3.8
    },
    {
     "id": "m-d993699a33",
     "name": "SouthGlenn Mall",
     "city": "Centennial",
     "status": "built",
     "km": 7.5
    },
    {
     "id": "m-ac337791b4",
     "name": "Tamarac Square",
     "city": "Denver",
     "status": "operating",
     "km": 8.6
    }
   ],
   "count_10km": 4,
   "count_25km": 23
  },
  "elevation": {
   "elevation_ft": 5847.6,
   "resolution": 1,
   "source": "USGS EPQS (3DEP)",
   "retrieved": "2026-10-20"
  },
  "food_access": {
   "tract10": "08005006709",
   "urban": 1,
   "lila_1_10": 0,
   "low_access_1mi": 1,
   "lapop1share": 62.509060449981604,
   "poverty_rate": 0.839214190349037,
   "median_family_income": 136250.0,
   "snap_households": 38.0,
   "pop2010": 4882.0,
   "source": "USDA ERS Food Access Research Atlas 2019 (ArcGIS copy)",
   "retrieved": "2026-10-20"
  },
  "housing_market": {
   "zhvi": {
    "latest": 499630,
    "month": "2026-09",
    "change_1y": -0.021,
    "change_5y": 0.03
   },
   "zori": {
    "latest": 1798,
    "month": "2026-09",
    "change_1y": -0.008,
    "change_5y": 0.068
   },
   "county_fips": "08005",
   "source": "Zillow Research (ZHVI, ZORI)"
  },
  "jobs_lodes": {
   "tract20": "08005006709",
   "jobs": 13173,
   "retail_jobs": 1022,
   "food_accommodation_jobs": 658,
   "year": 2022,
   "source": "Census LEHD LODES8 WAC 2022 (all jobs, primary and secondary), blocks summed to the 2020 tract",
   "retrieved": "2026-10-20"
  },
  "listings": {
   "zip": "80112",
   "month": "202609",
   "median_listing_price": 547450,
   "median_listing_price_yy": -0.0345,
   "active_listing_count": 149,
   "median_days_on_market": 59,
   "price_reduced_share": 0.3104,
   "pending_ratio": 0.2181,
   "source": "Realtor.com Research, inventory core metrics by ZIP (ZCTA at the site point)",
   "retrieved": "2026-10-20"
  },
  "opportunity": {
   "tract10": "08005006709",
   "kfr_p25": 0.5499,
   "jail_p25": 0.0012,
   "kids_count": 129.1099,
   "commuting_zone": "Denver",
   "vintage": "children born 1978-83, outcomes measured 2014-15",
   "source": "Opportunity Insights, Opportunity Atlas (Chetty, Friedman, Hendren, Jones, Porter 2018)",
   "retrieved": "2026-10-20"
  },
  "peers": {
   "peers": [
    {
     "id": "m-4ce0efef25",
     "name": "Beau Monde Mall",
     "city": "Greenwood Village",
     "state": "CO",
     "score": 6.0,
     "why": [
      "same strategy: redevelop",
      "also in CO",
      "4 km away"
     ]
    },
    {
     "id": "m-fe8ce81673",
     "name": "Villa Italia Mall",
     "city": "Lakewood",
     "state": "CO",
     "score": 5.5,
     "why": [
      "same strategy: redevelop",
      "also in CO",
      "22 km away"
     ]
    },
    {
     "id": "m-d993699a33",
     "name": "SouthGlenn Mall",
     "city": "Centennial",
     "state": "CO",
     "score": 5.5,
     "why": [
      "same strategy: redevelop",
      "also in CO",
      "8 km away"
     ]
    },
    {
     "id": "m-5f44df2309",
     "name": "Cinderella Mall",
     "city": "Englewood",
     "state": "CO",
     "score": 5.5,
     "why": [
      "same strategy: redevelop",
      "also in CO",
      "13 km away"
     ]
    },
    {
     "id": "m-685f3c2586",
     "name": "Buckingham Mall",
     "city": "Aurora",
     "state": "CO",
     "score": 5.5,
     "why": [
      "same strategy: redevelop",
      "also in CO",
      "13 km away"
     ]
    },
    {
     "id": "n-479a6e1a5e",
     "name": "Thornton Shopping Center",
     "city": "Thornton",
     "state": "CO",
     "score": 5.5,
     "why": [
      "same strategy: redevelop",
      "also in CO",
      "32 km away"
     ]
    }
   ],
   "method": "size, era, strategy, status, type, state, distance"
  },
  "permits": {
   "county": "Arapahoe County",
   "2024": {
    "units_1": 2362,
    "units_2_4": 45,
    "units_5plus": 1449,
    "value_total": 835586807
   },
   "2023": {
    "units_1": 2293,
    "units_2_4": 16,
    "units_5plus": 3170,
    "value_total": 1212592396
   },
   "retrieved": "2026-10-18"
  },
  "qcew_retail": {
   "county": "08005",
   "year": 2025,
   "establishments": 1708,
   "employment": 31124,
   "avg_annual_pay": 50118,
   "lq_employment": 0.92,
   "employment_change_1y": -3.1,
   "source": "BLS QCEW 2025 annual, county, NAICS 44-45 retail trade, private",
   "retrieved": "2026-10-20"
  },
  "retail_trend": {
   "2012": {
    "estab": 1867,
    "emp": 30953
   },
   "2023": {
    "estab": 1832,
    "emp": 33241
   },
   "estab_change": -0.019,
   "emp_change": 0.074,
   "county_fips": "08005"
  },
  "schools": {
   "district": "Cherry Creek School District 5",
   "district_geoid": "0802910",
   "grades": "PK-12",
   "district_vintage": "SY2024-25",
   "public_schools_1mi": 1,
   "schools": [
    "Willow Creek Elementary School"
   ],
   "schools_vintage": "SY2023-24",
   "source": "NCES EDGE",
   "retrieved": "2026-10-20"
  },
  "storms": {
   "county": "08005",
   "years": "2016-2025",
   "events": 231,
   "by_type": {
    "Hail": 158,
    "Thunderstorm Wind": 53,
    "Tornado": 11,
    "Flash Flood": 4,
    "Flood": 3,
    "Lightning": 1,
    "Heavy Rain": 1
   },
   "property_damage_usd": 277316000,
   "deaths_direct": 2,
   "injuries_direct": 1,
   "note": "county-typed events only; events logged to forecast zones (CZ_TYPE Z: most winter, heat, flood and coastal events) are not counted",
   "source": "NOAA NCEI Storm Events Database, details files",
   "retrieved": "2026-10-20"
  },
  "traffic": {
   "max_aadt": 224000,
   "trucks_aadt": 13400,
   "road": "I-25",
   "class": "Interstate",
   "lanes": 10,
   "segments_600m": 33,
   "year": "2024",
   "source": "FHWA HPMS",
   "retrieved": "2026-10-20"
  }
 },
 "parcels": [],
 "url": "https://retrofitatlas.org/strips/co/centennial-festival-shopping-center/",
 "photo": null,
 "provenance": {}
}