Byron Smith was sitting at a Tex-Mex restaurant in Houston when it struck him. Looking out of the window, he could see a church, a school and a strip club: This city doesn't have zoning laws.
That's why, after previously deeming his vision for a chain of what he calls “commercial condos” an unviable concept in Los Angeles or New York City, he decided to launch his second XSpace development in the city. After opening the first XSpace in Austin last year, its second location, at 7022 Old Katy Road inside the 610 loop in northwest Houston, is slated to open in Q1 2024.
Source: Own It: XSpace Founder Hopes To Make Commercial Condos Real Estate's Next Buzzword