Clayco Completes Phase 1 of Phoenix Coliving Project

X Phoenix Phase I. Photo by Matt McFarland

Clayco has completed construction on the first phase of a 20-story coliving community in downtown Phoenix. Brian Silverstein, senior project manager at Clayco, told Multi-Housing News that construction for X Phoenix started in June 2019, and more than 100 residents currently live at the completed tower.

The developer, The X Co., tapped Clayco to build the mixed-use community, alongside Fitzgerald & Associates who designed X Phoenix. The coliving community has 330 units in traditional studio and one-bedrooms, along with two-, three- and four-bed coliving units, for a total of 506 beds. The coliving units will be fully furnished and offer walk-in closets, in-unit laundry and an optional in-house cleaning crew. The 731,321-square-foot community also includes a pool, spa pool, gym space, five-story parking garage with 612 spots and indoor bike mezzanine with 159 bicycle parking spots and bike wash station.

The X Co. is planning to open a poolside bar and restaurant within X Phoenix in April 2022. Clayco was also tasked with building out a 50,000-square-foot shell space into a commercial restaurant and coworking areas.

SECOND PHASE START IN THE SPRING

Clayco will also build the second phase of X Phoenix, which will include a 26-story tower that will be adjacent to the first building. Silverstein told MHN that Clayco will break ground on the second phase in May, which will take a little more than two years to complete. Outside Phoenix, Clayco is working as the general contractor for a 755-bed high-rise student housing project in Reno, Nev., that broke ground in July.

As for The X Co., the co-living company is looking to expand its presence across the U.S. with a pipeline of projects located in Denver, Houston, Tampa, Fla. and Oakland, Calif. The company’s second community in Denver is expected to open in fall 2023, while its other projects in Houston, Tampa and Oakland are slated to open in 2024.