Australian co-founders Bryon Smith and Tim Manson have chosen the beautiful Lake Travis in Austin Texas as the preliminary location for their brand new XSpace building concept – a multi-use condominium facility designed for personal storage, business, and self storage use.

The XSpace project is a hybrid of Manson’s family business back in Sydney Australia, combining warehouse style B2B storage with traditional self storage, designed to fit the needs of the modern American consumer.

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The main difference between traditional storage and what Manson and Smith have created is that individual units are for sale – not for rent. Buyers can use the space for personal enterprise operations such as hobbies, storing and working on cars, housing business materials, creating gaming center or art studio etc. …

That thrusts them into a category a bit similar to that of a WeWork.

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Manson and Smith were drawn to Austin Texas because of its diversely attractive demographics, including higher-than-average household incomes;

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Manson doesn’t view the XSpace concept as a threat to traditional self storage, but instead…

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Manson and Smith hope to someday enlarge the XSpace platform to between 50 and 100 locations across the U.S.

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XSpace seeks to raise about $50 million from investors and $100 million in debt next year to fuel its growth in Texas.

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