The problem is that the link which mentions the use of algae ponds for CO2 capture, doesn't mention their depth or the species, only the dry cell weight concentration.
Say we pick an algae earmarked for biofuel potential, Chlorella vulgaris. From this link, the optimal concentration of chlorella vulgaris is 20g dry weight per litre without light intensity shenanigans.
1 L over 1 square metre means you only need a panel 0.1 cm thick to hit that target of 439.9 m2 per person per day.
From the paper, their largest reaction vessel was no more than 4cm diameter, so presumably your panels can't get more than 2cm thick without the yield efficiency dropping off, making (439.9 m2 x 0.1cm / 2 cm) 22.0 m2 per person per day the smallest you could go. That's still about double the 11m2 bamboo footprint, but with a significantly reduced vertical footprint.
Algae panels aren't as nice to look at though.
Edit: With regard to the algae concentration disparity in the lab and the algae ponds, I suspect that 20g dry weight per litre is probably not feasible outside of small scale lab conditions with tender loving care and you'd probably ideally want a lower concentration so that your algae has space to grow into as it captures the CO2.