"With a long-term asset such as real estate it's a lot better to be early than late”

This cartoon, from real estate investor Sam Zell's collection, says a lot in just one sentence. When you think of real estate “firsts,” a couple come to mind.

First, William Zeckendorf’s use of air rights at Place Ville Marie in Montréal and, secondly, Helmut Jahn’s Sony Center in Berlin. In the case of Place Ville Marie, it was the first instance, to the best of my knowledge, where air rights were used to build a building over an existing space. In the case of the Sony Center, its multipurpose development was responsible for moving the center of Berlin to a new location. 

In each of these cases, a “memorable” building became a game changer in commercial real estate. The developers and architects created long-term assets based on new concepts. At XSpace, we have created not only a memorable building but a “new” commercial real estate concept. XSpace offers our renters and owners the opportunity to occupy an architecturally significant building, which is utilitarian in so many ways. It can be used as office space, meeting space, and a fun space all at the same time. Additionally, because of the lounge on the top floor, XSpace community members can mingle with others of like mind, potentially resulting in new opportunities. Based on our experience in Austin, we know that this is a reality, not just a wish!

Great real estate is that which withstands the test of time. While XSpace is a new concept, not only in design but in the ability for it to satisfy many types of uses, we believe that we are creating an asset that revolutionizes commercial real estate. While some might think this is just a new twist on storage, we believe XSpace is creating an entirely new class of real estate. It is not only the best in class, but the first class.