Denver's Art District on Santa Fe to gain more affordable housing with 5-story microstudio project

Developers are planning a five-story, 40,000-square-foot building in the Art District on Santa Fe. 

Madelon Group, a New York-based developer that focuses on affordable housing and prefabricated and modular homes, plans to break ground in 2023 and deliver the project in 2024. 

The building will consist of 64 prefabricated microstudios, each 400 square feet. Each unit will come pre-furnished, with a bathroom and kitchenette, bed, sofa, table, storage and closet space. Four units will share a common area with a larger kitchen and laundry. 

Alfonso Medina, CEO at Madelon Group, is an architect by trade and launched Madelon Group three years ago. Medina met Minyoung Sohn, founder of investment company Blue Room, through their shared work in the art and architecture world. Sohn is on the board of the Museum of Contemporary Art in Denver, and after investing in Madelon Group and seeing its projects come to life in New York, Medina said the two of them wanted to bring the idea of affordable, prefabricated apartments to Denver. 

“We’ve always had a special connection to Denver,” Medina said. “It’s a great balance in that it’s still a city where you can still build, but it’s also a city that’s in desperate need of housing.” 

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