HALL Structured Finance Provides $29 Million Construction Loan for XSpace Houston Industrial Condominium Development

DALLAS, TEXAS – April 23, 2026 – Dallas-based HALL Structured Finance (HSF) announced today that the company has closed on a first lien construction loan totaling $29 million for the development of XSpace Houston, a multi-use lifestyle condominium project located in Houston, Texas. The borrower is XSpace Group.

XSpace Houston will be a four-story, 86-unit, 93,430-square-foot lifestyle industrial, office, and recreational condominium development designed to accommodate a variety of uses, including flex office, invite-only retail, and lifestyle space. The project is tailored to small businesses, entrepreneurs, and individual owners seeking customizable environments for work, storage, or personal use. The design also allows for a dynamic, collaborative community within, bringing together a diverse mix of users whose overlapping needs and interests create natural synergies within the development.

Units will range from 800 to 8,000 square feet and will feature an industrial concrete buildout, natural light, water access, HVAC, overhead garage doors, and 20-foot clear heights, providing flexibility within a secure space. Select units will offer mezzanine and/or balcony space. Community amenities will feature a shared lounge with a conference room, kitchen, and seating areas, as well as two car elevators designed to enhance accessibility and convenience for storage and vehicle access.

“XSpace Houston stands out for its ability to accommodate a broad range of users within a single project while maintaining functionality at the unit level,” said Allyson Van Blarcum, loan originator and Vice President at HALL Structured Finance. “The flexibility in design, combined with the ability for owners to tailor each unit to their specific needs, creates a product that we believe is well-suited for the Houston market. At HALL Structured Finance, we focus on partnering with experienced sponsors delivering innovative product types that are meeting real demand, and we are pleased to support a development that will be a leading contributor to the expansion of this asset class.”

XSpace Group is a real estate development firm specializing in the design and delivery of “lifestyle industrial” flex condominium projects. The concept evolved from prior customer demand in Australia and launched in the United States in 2020, with its first development in Austin, Texas. The company was co-founded by Byron Smith, who plans to scale the platform nationally through multiple projects over the next five years.

“Houston has no shortage of office space, but what it lacks is space that truly reflects the way its most accomplished professionals live and work,” said Byron Smith, Founder of XSpace. “XSpace Houston will be a first-of-its-kind destination in the heart of the city’s Design Center, created for professionals, entrepreneurs, and collectors who have outgrown conventional offices. Designed around ownership, flexibility, and personal expression, XSpace Houston offers customizable private suites and premium garage spaces that elevate both work and lifestyle.”