Smart City Developers: Part I
Two real estate companies that are working on smart cities in the United States are L.C. Fulenwider and LStar Ventures. L.C. Fulenwider is developing Pena Station Next in Denver, Colorado, and LStar Ventures is working on a smart city called Union Point in Boston.
- Fulenwider is committed to bringing fresh ideas to Colorado and ushering in "what's next" for the real estate industry. By hiring forward-thinking professionals, Fulenwider serves as one of the transformative developers in Denver, and it focuses on creating projects that stand the test of time.
- L.C. Fulenwider's emphasis is on sustainable developments, and the company is committed to applying the latest real estate development practices.
- Fulenwider is now developing a smart city called Pena Station Next in collaboration with Panasonic's CityNow.
- They are planning to construct the smart city on 400 acres of land near the Denver International Airport in Denver, Colorado.
- The Pena Station Next smart city project will cost about $500 million, and it is scheduled to be fully functional in ten to twelve years.
- The project will include around 500,000 square feet of retail space, 1.5 million square feet of office space, and 2,500 residences. This space will also serve as a base for exotic tech installations.
- Every installation on this project, including parking meters and parking, will be fully connected to the internet.
- The cameras and sensors embedded in the landscape will transmit data to the project managers and facilitate the ability to control various installations through cloud-based apps.
- A solar canopy will be installed in the parking space, then linked to a microgrid for electricity supply. The solar canopy will also transform Pena Station Next into an energy producer.
- Residents and workers will receive transportation between their homes and offices through on-demand robotic shuttles.
- An array of high-end sensors will monitor traffic density, pedestrian count, and environmental conditions. The gadgets will also monitor the temperatures beneath roads when it's snowing, and this data will be used to help transport crew to operate quickly and efficiently.
- The lighting system can dim the intensity when the moon is bright or during late-night hours when there are fewer people on the streets, saving energy. It will also send alerts to the management team whenever there is a power outage.
- Since its inception in 2007, LStar has developed more than 40 environmentally conscious properties across 13 states in the United States.
- While LStar Ventures enjoys financial stability and owns various master-planned real estate projects, they value healthy partnerships that respect the environment and the community.
- The North Carolina-based LStar takes pride in being innovative by prioritizing visionary planning and exceptional performance, as well as integrity.
- LStar Ventures is working on developing a smart city called Union Point in collaboration with General electric, who will provide technical support.
- This smart city project will cost $300 million and $200 million is already available for the project.
- The project will have 4,000 residential units as well as 10 million square feet of commercial space that will house retail and office space, along with sport and entertainment facilities.
- Union Point will be connected to a grid that will be partly powered by solar power while the roads, streets, and garages will be developed to suit autonomous vehicles.
- High-tech sensors will be installed on the landscape to monitor light, sound, and environmental factors to gather big data that will optimize Union Point's overall operations.
- The infrastructure will use a cloud-based app from General Electric called Predix, and Union Point managers will be able to receive feedback from the sensors and take necessary actions.
- The data collected from the sensors embedded in the landscape will be crucial in helping drivers navigate traffic, but it will also be used to alert law enforcement agencies if a firearm is fired.
Our research began by consulting online publications for relevant press releases, news media, and articles discussing real estate companies working to develop smart cities in the United States. Fortunately, we found the requested information, and we were able to identify real estate companies developing smart cities in the country.