Strip centers · Colorado
Festival Shopping Center
Approved housing redevelopment in Centennial, CO, with active permits, market data, and nearby projects. Unknown: construction timeline and current retail status. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile6 elements · what this retrofit is built with · tap a chip for the evidence
Retrofit in the pipeline
This site: …approved record · all sites with this3+ other atlas sites within 10 km
This site: 4 within 10 km computed · all sites with this30,000+ vehicles a day on an adjacent road
This site: 224,000 on I-25 fhwa-hpms · all sites with thisInterstate or freeway within 600 m
This site: I-25 fhwa-hpms · all sites with thisRedeveloped
This site: record · all sites with thisHousing
This site: …new_use field record · all sites with thisNow
| Status | Retrofit approvedWikipedia no source |
|---|---|
| Strategy | Redevelopment, approvedWikipedia no source |
| New uses | housingWikipedia no source |
Site context
| Housing permits, Arapahoe County (CO), 2024 | 1,449 units in 5+ unit buildings, 45 in 2–4, 2,362 single-family; 2023: 3,170 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 4 within 10 km, 23 within 25 km: 6901 S. Havana St. (1.6 km); Beau Monde Mall (3.8 km); SouthGlenn Mall (7.5 km); Tamarac Square (8.6 km)computed |
| Retail trade in the county, 2025 (BLS QCEW) | 31,124 jobs in 1,708 establishments; average annual pay $50,118; employment location quotient 0.92; employment -3.1% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 13,173 jobs; 1,022 in retail trade, 658 in accommodation and food (workplace blocks summed to tract 08005006709)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 55th income percentile as adults; 0.1% incarcerated at the 2010 count (129 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | low-access at 1 mile, not low-income; 63% of residents more than 1 mile from a supermarket; poverty rate 0.8%; median family income $136,250; 38 SNAP householdsUSDA ERS |
| Schools | Cherry Creek School District 5 (PK-12); 1 public school within 1 mile: Willow Creek Elementary SchoolNCES EDGE |
| Elevation | 5,848 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 231 county-logged events: 158 hail, 53 thunderstorm wind, 11 tornado, 4 flash flood; $277,316,000 property damage reported; 2 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 80112, 2026-09 | median list price $547,450 (-3.5% on the year); 149 active listings; median 59 days on market; 31% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 1,832 establishments (-2%); 33,241 jobs (+7%)Census CBP |
| Housing market in the county | typical home value $499,630 (-2% 1 yr, +3% 5 yr); typical rent $1,798/mo (-1% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 224,000 vehicles a day on I-25 (Interstate, 10 lanes); 13,400 trucks; 33 counted segmentsFHWA HPMS |
Summary, model-written
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)
What we do not know yet
- Construction start date unknown
- No current tenant data
- Verified status: draft (not confirmed)
Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Similar sites
- Beau Monde Mall, Greenwood Village, CO · Malls · same strategy: redevelop; also in CO; 4 km away
- Villa Italia Mall, Lakewood, CO · Malls · same strategy: redevelop; also in CO; 22 km away
- SouthGlenn Mall, Centennial, CO · Malls · same strategy: redevelop; also in CO; 8 km away
- Cinderella Mall, Englewood, CO · Malls · same strategy: redevelop; also in CO; 13 km away
Elsewhere on the web
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- already in play: under construction, approved, or sold to a developer with housing plans
- median rent $1,812
- housing in the record
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| County | Arapahoe County |
|---|---|
| Census division | 8 · Mountain |
| 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. |
Not yet recorded: acres, GLA, year opened, original developer, what is there now, retrofit year. Know it? Tell us.
Sources
More in Colorado
Crossroads MallBoulder, CO · 2007Redeveloped · Redevelopment: retail, office and restored street gridFoothills MallFort Collins, CO · 2013Partial Redeveloped · Partial redevelopment, public spaceLamar Plaza StationLakewood, CO · 2016Partial Regreened · Partial regreening, green islands