New housing project in Santa Fe Arts District taps into Denver’s micro-apartment trend.

Denver’s Santa Fe Arts District will be home to a new housing project of furnished micro-studio apartments in 2024. The project’s developer wants it to be part of the solution to affordable-housing woes faced in the metro area and nationally.

“Our cities are really just getting more and more unaffordable as time goes by,” said Alfonso Medina, cofounder and CEO of housing company Madelon Group, in a telephone interview. “Denver is the perfect example. Up until last year, it was the city with the highest rent increases for the past 10 years.”

He isn’t alone in his idea. Micro-apartments, or smaller units deemed the “tiny homes” of apartment living, have cropped up around the nation in recent years. New York City, Boston, Washington, D.C., Seattle and more have jumped on the trend, often targeting single, young renters. However, micro-living isn’t a strictly American phenomenon – other countries with packed metropolises, such as China, Japan and South Korea, offer similar accommodations, like cubicle flats and “three-mat apartments.”

“We are making crucial steps forward in our effort to bring more quality living spaces to major metropolitan areas and other high-barrier-to-entry markets across the U.S.,” Medina said.

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