Watermark plans to demolish portion of Festival Shopping Center for 114-unit for BTR-Townhome community, Canvas at Centennial

  • 5/13/2026

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Denver Business Journal

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Highlights
Part of Festival Shopping Center is scheduled for demolition.
Castle Rock-based Watermark Cos. envisions building a townhome community on the property.
Demolition is scheduled for June and is expected to take two months.

Watermark Companies
Freddy Ellis | Managing Partner/CEO

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