Press Release – May 26, 2021
May 26, 2021
Contact: Michelle McGowan
M Squared Communications, LLC
CENTRAL STREET CAPITAL, INC. SELECTED TO CREATE COLORADO’S MOST UNIQUE ENTERTAINMENT DISTRICT IN THE CITY OF GLENDALE
DENVER, CO May 26, 2021: Central Street Capital, Inc. is pleased to announce that its affiliate entity, Glendale Development Partners, LLC, has entered into a Master Redevelopment and Disposition Agreement (MRDA) with the City of Glendale, Colorado. The MRDA calls for the redevelopment of a 10-acre site near E. Virginia Avenue and S. Cherry Street, along the banks of Cherry Creek.
Glendale Entertainment District (formerly known as Glendale 180) is a 300,000 square foot, $150 million project soon to be home to a vast array of premier entertainment options, including a 40,000 square foot live music concert venue, movie theater, casual and fine dining, a proposed app-based sportsbook gaming hall, pubs, rooftop bars, nightclubs, exclusive shops, a new 200 room resort hotel, and beautifully landscaped outdoor plazas. The District will be the only entertainment district in Colorado that allows open consumption areas and tenants to serve alcohol until 4:00 am.
“We are thankful to the City of Glendale for allowing us the privilege of developing one of the most unique entertainment districts in Colorado,” said Rob Salazar, president of Central Street Capital, Inc.
Glendale City Council gave final approval for the new project on May 26, 2021.
Groundbreaking on this exciting new project gets underway this fall of 2021, with the grand opening slated for late 2023. For further details, please visit www.GlendaleEntertainmentDistrict.com
Central Street Capital, Inc. is the Family Office of the Salazar Family based in Denver, Colorado. The Salazar Family has invested in successful projects for over 25 years. They have investments in real estate development projects, healthcare-related companies, and operating businesses in a wide range of industries. Central Street Capital, Inc. operates as a private investment management company investing only the funds of the Salazar Family and its affiliated entities.