Consolidated Investment Group is starting construction on a seven-story, 210-unit apartment building on East Colfax Avenue, just a few blocks east of the state Capitol
The Englewood-based company said Thursday that the project will be called Route 40, the U.S. highway that Colfax is part of. The company said amenities will include an elevated pool deck with views of the capitol building, private co-working spaces and a state-of-the-art fitness center.
“We’re excited to begin construction on Route 40 and provide more residential options in an area nestled between Capitol Hill and City Park West,” Dan Velazquez, chief operating officer of CIG, said in a statement.
Velazquez said the company will start delivering units in 2027. The developer declined to disclose the project’s price or details about affordable units included.
The Route 40 building at 1040 E. Colfax Ave. will be part of an evolving neighborhood. Efforts are underway in Denver and Aurora to redevelop the corridor that is among the Denver area’s most ethnically diverse and affordable, although housing costs have risen.
The city of Denver is building a bus rapid transit line along Colfax to provide fast, frequent transportation, giving area residents more options. The 10-mile line will cost an estimated $280 million and is expected to take nearly three more years to build.
The architect for Route 40 apartment building is Boka Powell and the general contractor is Symmetry Builders. Gables Residential will manage the property.
CIG has ownership interests in more than 7,000 apartment units throughout the U.S.
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