X Company is getting ready to hit play on its co-living apartment tower in Houston’s Museum District, after putting it on pause last fall.
Construction could resume in June for X Houston, a 33-story, 750,000-square-foot development, at 5501 La Branch Street, that was originally slated to open late this year, the Houston Chronicle reported.
Chicago-based X Company halted construction for reasons unknown, casting an air of uncertainty over the $107 million project. Assuming it picks back up this summer, X Houston will likely be completed sometime next year.
The site has been well maintained since development paused, said Brady Johnson, senior vice president with lead contractor Hoar Construction.
“We’ve been walking the job regularly, and it looks good,” Johnson told the outlet. “Obviously we’ll go through and look at the structure and get an all clear to say everything is ready to go.”
The delay has led to some repercussions, though. Subcontractors have filed liens totaling over $67 million for unpaid work and services since September 2023. Hoar Construction alone accounts for about $38 million of those claims, with the remainder coming from various subcontractors.
However, the contractors and X Company are close to resolving the liens, Johnson said.
X Houston is set to become one of Houston’s first ground-up co-living developments, featuring 646 beds across 475 units. The $107 million development cost works out to $165,600 per bedroom, which like student housing, is how co-living is calculated. Co-living allows renters to lease space by the bedroom and share common areas, offering greater affordability with flexible lease terms.
The development is expected to stand out among other co-living products due to its amenities and social club, catering to young professionals.
Elsewhere in Houston, the Shelter Companies, a subsidiary of Dallas-based Civitas Capital Group, is at the helm of a 238-unit co-living development in Montrose, set to open this summer.
—Quinn Donoghue
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