Venture X will open in late 2019 at 2451 W. Grapevine Mills Circle, Grapevine. Venture X is a membership-based, shared workspace environment designed with modern spaces for entrepreneurs and businesses.

“The new building fills a definite need for a modern, new office option in a quickly growing submarket,” franchisee Raj Chudasama said in a Venture X statement. “We look forward to being a realm of corporations, freelancers, entrepreneurs, and small business in the area.”

Venture X will occupy three floors of the new building, totaling a 24,159-square-foot facility, according to a news release. A single floor will be dedicated to the corporate operations of Kriya Hotels, a hotel investment and management company, of which Chudasama is a managing partner.

“We anticipate a seamless transition by applying our extensive hospitality experience to the coworking space,” Chudasama said in the statement. “Supporting our clients and servicing their needs, fundamental skills required in both industries, have become second nature.”