Plans are moving forward for the construction of a micro-apartment complex in the popular Five Points neighborhood of Denver.
The project, as proposed by the Focus Property Group, which is based in Denver, would see the construction of a three-story building on a less than one-acre site, housing just under 50 apartment units.
That site is in a part of the city that has seen a certain amount of new apartment construction in recent years, but also includes smaller and older retail and restaurant businesses.
The proposed units would all be relatively small. Defined micro apartments usually measure around 100 to 500 square feet or less.
As currently proposed, the project at 2424 Larimer Street would additionally include around 10,500 square feet of commercial space on the ground floor, along with a mailroom and lobby.
The residential units will all be built on the structure’s second and third levels.
It is also expected that the complex will include a more than 3,000 square foot courtyard, as well as space for a restaurant.
The Focus Property Group specializes in retail, residential, and office projects, among other developments.
Micro apartments have been gaining popularity in recent years, largely providing tenants with the opportunity to live affordably in big cities where rents are defined by the square footage.
Notes the news site Motley Fool: “Micro apartments are typically less than nearby studio apartments, and the savings could be even greater in a dorm-style micro apartment community.”
Such units often feature high ceilings, rooftop windows, loft beds, and combined kitchen and living spaces.
By Garry Boulard
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