XSpace Austin is under construction on 5.43 acres of land across from the Mansfield Dam at 4229 RM 620, Austin. Owners Byron Smith and Tim Manson celebrated the site’s official groundbreaking the first week of January following inspection delays brought on by the COVID-19 pandemic.
While the complex offers additional space for nearby residents, Smith said XSpace’s company model is unlike that of a traditional storage facility. Future tenants plan to use their units as home offices and space to kickstart their own companies, among other endeavors.
Roger Clemens, former professional baseball player for the Boston Red Sox and the New York Yankees, intends to use his unit to operate his nonprofit organization, the Roger Clemens Foundation.
Upon completion, XSpace will offer 106 customizable units for purchase starting at 300 square feet, as well as a business lounge, a commercial-grade kitchen, a conference room and more. The building has reservations for approximately 30% of its units, which Smith said should be completed by the end of 2021.
Based on the interest garnered so far, Smith anticipated roughly 50% of the units will be spoken for by the company's second fiscal quarter.
Despite the pandemic and its impact on the location’s groundbreaking delay, Smith said XSpace has received great interest from the community. Furthermore, the new work-from-home environment has only expanded the company’s market.
“The thing about 2020 is it opened up a massive opportunity for us,” Smith said. “How people look and consider space, particularly their office space, and how they look at home space has really changed.”