Consolidated Investment Group Announces Start of Construction on Route 40 Apartments

The new seven story building will include 210 apartment units

Submitted by Paul Suter

Denver, CO (April 2025) – Consolidated Investment Group (CIG), a leading-edge real estate investment company managing a large, international portfolio, is proud to announce the start of construction on Route 40, a multifamily property located at 1040 E. Colfax Avenue in Denver. The new seven story building will include 210 apartment units and robust amenities including an elevated pool deck with views of the Colorado State Capitol building, private co-working spaces and a state-of-the-art fitness center..

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“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,” said Dan Velazquez, Chief Operating Officer of CIG. “We’ll begin delivering units in 2027 and will have more information to share regarding leasing efforts in the months ahead.”

The architect for Route 40 is Boka Powell and the general contractor is Symmetry Builders. Gables Residential will manage the property.

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CIG, a long-term holder, currently has ownership interests in more than 7,000 apartment units throughout the United States. A majority of these apartment communities are located in strong in-fill neighborhoods and are considered Class A properties. CIG is actively expanding its multifamily portfolio via development and acquisitions. Target markets include Denver, Dallas, Austin, Houston, Raleigh, Nashville and Phoenix.

More information regarding Consolidated Investment Group is available at www.ciginvest.com.