2024-05-18T05:23:30-04:00 https://archinect.com/news/article/150163975/colorado-s-old-art-institute-building-will-become-130-micro-units Sean Joyner 2019-10-10T15:45:00-04:00 >2019-10-10T19:37:42-04:00 <img src="https://archinect.gumlet.io/uploads/0c/0ce7c9a01642d7ac82f6b7b3743105f5.jpeg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>After abruptly closing in late 2018, a developer has big plans for the old Art Institute building at 1200 Lincoln Street. The Nichols Partnership has purchased the building and plans on converting it into roughly 130 micro-units...The units will range from 300 to 425 square feet.</p></em><br /><br /><p>"We shoot for several hundred dollars below the cheapest conventional apartment. So if a studio apartment in a bigger building is $1500-$1700, we want to be at $1100-$1200," developer Randy Nichols told CBS, advocating for the affordability the apartments will bring to the city. According to CBS, the new project is currently in the design phase and should take about a year and a half to complete.</p>