JV Breaks Ground on $50M Multifamily Project in Denver
CMG Capital and Massimino Development have begun construction on the nearly-eight-acre, 200-unit luxury apartment complex, Momentum at First Creek.
DENVER, CO – The partnership of CMG Capital and Massimino Development has broken ground on a $50 million multifamily rental project in Denver, CO, titled Momentum at First Creek.
Located at 56th Ave. and Telluride Rd. in the Denver International Airport corridor, Momentum at First Creek will offer 200 luxury apartments, spanning six residential buildings. Situated across nearly eight acres, the property’s units will feature one- two- and three-bedroom floorplans.
Ranging in size from 620 square feet to 1,412 square feet, the project’s residential units will feature stainless steel appliances, quartz countertops, large private balconies, in-unit washers and dryers, walk-in closets, double vanities, oversized bath tubs and nine-foot ceilings.
The project’s rents will start at $1,395, and will be available in April 2022.
The property will offer an array of amenities, including a 7,750-square-foot clubhouse with a resort-style lobby, a 24-hour state-of-the-art fitness center, co-working offices, expansive lounge areas, a coffee bar, a game room, a dog wash station and indoor and outdoor kitchens.
The property will additionally feature outdoor amenities such as a resort-style pool, a spa, water features, pool cabanas and a pool pavilion with outdoor televisions, fire pits, dining areas, a bocce ball court, dog park, playground, a barbeque pavilion with gas grills and a pizza oven and a walking path.
The multifamily property represents the second project that CMG Capital and Massimino Development have developed together in Colorado. In August 2019, the partners broke ground on Farm Haus Apartments in Longmont, CO.
Massimino Development additionally developed the 150-unit multifamily development, Connect at First Creek, located directly adjacent to Momentum at First Creek.