A Las Vegas family business is staking its first claim in Colorado with a 100,000-square-foot garage condo development just north of Centennial Airport. Ventura Enterprises plans to build 63 units on a 7-acre site at 6507 S. Racine Circle, purchased for $3 million earlier in November, with spaces designed to fit everything from personal car collections to working businesses.
A First Colorado Project Takes Shape
The development will be the company's first in Colorado, according to BusinessDen, which first reported the plans. The land cost worked out to nearly $10 per square foot, and the site was previously entitled for a similar development called GarageCondos by Glenn McWilliams, who is now a part-owner and investor in Ventura's project. McWilliams will also act as a consultant, helping sell units and manage the property once it's built.
Leor Rozen, a 30-year-old developer with the family business, moved to Denver in 2025 and spent time researching demand before committing to the site. He said he knocked on warehouse doors around the metro area to gauge tenant interest in becoming landlords rather than renters, and found potential buyers responded to the ownership pitch with enthusiasm. Charlie Cummings, Rozen's broker and head of Innovate Commercial Real Estate, searched as far north as Broomfield before settling on the Centennial parcel, which he called a prime location just north of the airport. Cummings said his relationship with McWilliams was good from the start.
Units Built for Collectors and Small Businesses
The project, dubbed My Dream Storage Co., is designed with spaces small enough for the personal car collector and big enough for midsize businesses, per BusinessDen's reporting. Units will range from about 500 to 4,000 square feet and are listed for $150,000 to $1.3 million, with larger units including mezzanines and every unit wired with its own electrical meter. Rozen said about 30% of the units have already sold.
Rozen said smaller businesses often lack the chance to purchase and own the space where they work, a gap he's hoping to fill. He said the company likes tiny, small and medium boxes, and pointed to examples from Ventura's Las Vegas facility to illustrate how flexible the format can be: one customer there converted a garage into a collectible-car showroom with a mezzanine turned karaoke bar, others installed golf simulators, and some run niche operations like dry ice car detailing out of their units.
Why a Vegas Builder Looked to Denver
Ventura Enterprises has worked in industrial development and retail strip centers. Rozen said the company expanded into a new market because of rising land costs and limited development opportunities back home in Las Vegas. The company was founded by Rozen's grandfather, who immigrated to the United States from Israel 40 years ago, and Rozen said he hopes to build more projects like My Dream Storage Co. in the future.
A Separate City Notice Adds Confusion
The address lines up with paperwork from the City of Centennial, which posted a notice for a virtual community meeting about a proposed Racine Circle Garage Condos project dated December 15, 2025, inviting residents to weigh in. Separately, GarageCondos has listed a Racine Circle project as undergoing final engineering and design approval, with groundbreaking planned for 2026 and reservations open now. It is not clear from available records whether that listing describes the same project as Ventura's or an earlier, separate proposal — and this article does not assume the two are the same development.
A Crowded Niche Across the Front Range
Garage condos have become a busier corner of Colorado's commercial real estate market in recent years. OnlyGarageCondos tracks 59 garage condo communities statewide totaling roughly 2,898 units, and says assessed values on 1,273 established units rose 25.8% between 2023 and 2025. The same site recorded a $250,000 median sale price across 97 single-unit sales statewide through October 8, 2026, with Denver-metro units fetching a $300,000 median.
GarageCondos says its Grant Way project in Littleton is complete and fully occupied, and its Hangman's Gulch project in Castle Rock is sold out.
Industrial Market Backdrop
The broader industrial market Ventura is building into has held relatively steady. Denver industrial vacancy sat at 7.8% in the second quarter of 2026, flat from the prior quarter and down from 8.1% a year earlier, according to a market report from WareCRE. The report's Airport submarket, which surrounds Denver International Airport, showed 8.3% vacancy with 2.26 million square feet under construction and warehouse space asking $6.72 per square foot annually. Citywide, Denver had just over 4.2 million square feet of industrial space under construction at the end of the quarter, with no new buildings delivered. Those figures describe general market conditions and don't speak to demand or pricing for Ventura's specific project.
