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. — CBS Denver
"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.
2 Comments
Affordable? Mmmkay. These things should really be $300 - $425 per month.
This is the “free market” approach to affordable housing: maximum density for maximum profit. Guaranteed they got a fat tax abatement for this, too.
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