The Talker: micro-apartments on the rise - FOX 32 News Chicago

The Talker: micro-apartments on the rise

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CHICAGO (FOX 32 News) -

Tonight's talker is about life in the big city -- in a *tiny* apartment.

Did you hear about the real estate plan New York City is working on?

It's asking developers to come up with ways to build a building -- and fill it with apartments that are *275-square-feet*.

In a city where one-bedroom apartments often cost more than a million dollars -- the plan for so-called "micro-apartments" makes sense.

These are photos of New York's mayor in a life-sized *blueprint* of a micro-apartment -- it's so small one of the officials with him is stepping on a chair in the micro-*kitchen*.

A changing population, and changing economy are driving this.

New York City says 60-percent of its households are made up of just one or two people.

They need affordable places to live -- and the city has way too few of those.

Before we laugh too hard at New York, let's take a look at the situation in Chicago.

Part of the real estate market here is trending toward "small" as well.

The upscale "Randolph Tower Apartments" opened four months ago in the Loop.

They're all rentals -- and the developer made half the units studio apartments or convertible one-bedrooms.

The studios start at 511 square feet.

That's bigger than the micro-apartments -- but the Palace at Versailles they're not.

Then again, you can't walk to work from the Versailles -- and *Versailles* is not in the heart of a theater district.

Penthouses at Randolph tower apartments are two bedroom duplexes -- about 21-hundred square feet.

They cost six-thousand dollars a month.

Matt Tobel, sales manager of Randolf Tower, tells us, "It definitely insn't the American Dream, but its all about location, you can walk to work, and you're near Chicago's nightlife."

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