L.C. FULENWIDER

• 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.

LSTAR VENTURES

• 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.

• The Union Point smart city will be developed on 1,500 acres of land located in Boston.

• 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.

RESEARCH STRATEGY

KITSON AND PARTNERS

• Established in 1992, the private real estate development company, Kitson and Partners is focused on creating lively, attractive places that drive economic growth and deliver lasting value.
• The team at Kitson and Partners take a collaborative approach for their projects and are committed to bring initiatives that celebrate Florida's unique natural and human resources to life.
• Kitson and Partners is developing the smart city "Babcock Ranch", an innovative new town based on sustainability and responsible growth.

• Located in South-West Florida, Babcock Ranch has close access to the South West Florida International Airport, the I-75, the beaches and the cultural attractions of the region and is 20-minutes northeast of Ft. Myers.
• The city will be built over 18,000 acres of land (with 50% dedicated to parks, green ways, and lakes) and will include six million square feet of commercial space, 19,500 homes, and an onsite 75 mega-watt photo voltaic solar power plant and smart grid technology established in partnership with Florida Power and Light Company(FPL) for the generation of clean and renewable energy.
• Kitson and Partners spent $480 million on Babcock, and the city is projected to surpass 50,000 residents in twenty years.
• The main focuses of the city will be on technology and environment and the city is proposed to have 50 miles of hiking and biking trails in addition to a walkable community plan.
• The neighborhoods of Babcock Ranch includes a diverse mix of single family homes with its own health, wellness, and fitness facility and a Babcock Neighbourhood school offering a project-based environmentally focused greenSTEAM educational program.
• Babcock Ranch neighborhoods also include gathering spaces, community places, nature trails, restaurants, coffee shops, and goods and provisions stores.
• An 85,600 acre square-foot shopping center along with a major grocery store will be built by Kitson and Partners at the entrance of Babcock Ranch.
• The residents of Babcock Ranch will have access to high speed connection, mobile apps, and community-wide access to free WiFi with gigabit internet as the standard for everyone.
• The residents will be able to use transportation options that include Babcock ranch bikes, car/bike sharing programs, and electric and driver-less shuttles.
• Babcock Ranch will also feature a storm safety initiative with buildings that meet the requirements of 'shelter in place' and have aesthetic, operable storm shutters and increased wind speed construction standards to withstand the changing weather patterns of Florida.

WELLER DEVELOPMENT

•  Headquartered in Baltimore, Maryland, Weller Development is a full-service real estate development firm that offers a range of expertise and experiences for all stages of development.
• Weller Development works in partnership with investors in creating small and large scale development projects that can transform cities.
• Weller Development is working on the development of the smart city, Port Covington, that is considered as one of the country's largest urban revitalization project.

• Port Covington is located on the prime waterfront of Baltimore city and the project is built on 235 acres of land. The project will include two and a half miles of restored waterfront, 18 million square feet of new and mixed-use development, and 40 acres of parks and greeneries.
• The cost of the project is $5.5 billion and is expected to become functional in the next two and a half years.
• Port Covington will include a four building development called Rye Street Market that will include shops, restaurants, open-air market, a food hall and a rooftop event space.
• The first phase of development will include 337,450 square feet of retail, 285,000 square feet of hotel space, 976,667 square feet of residential units and 1.3 million square feet of offices.
• The city is now separated from South Baltimore by rail lines, Interstate 95, and roadways and will have connectivity via a pedestrian and bike circuit.
• Port Covington is planned to be built around the concept of "city-as-a-service", taking cues from the "software-as-a-service" model of Amazon web services and Google apps.
• The city will have ubiquitous connectivity at every interface, will install its own redundant fiber optic network, and will launch its own internet service provider.
• The city's developers are working on a partnership with Lyft, the ride sharing company to provide two-dollar rides to anywhere in the area of greater South Baltimore.

BRANDYWINE REALTY TRUST

Brief Overview

• The company is one of the largest, full service, publicly traded, cohesive real estate companies in the United States of America. Its focus in the Philadelphia, Washington, and Austin areas. The organization owns, develops, manages, and leases a variety of urban and transit-oriented developments.
• The main purpose of Brandywine Realty Trust is to inspire, shape, and connect the world through their expertise. They were presented with the NAIOP’s Developer of the Year Award, which is one of the highest honors in the real estate industry.
• In 2015, in an attempt to provide effective transportation and support smart urban development, the company partnered with TransitScreen in Philadelphia, to offer real-time, location-based public transportation throughout the day.
• These displays promote sustainable urban mobility by giving citizens access to real-time information. They save both time and money and offers a maintainable transportation demand management (TDM) tool for large employers and transit-oriented development.
• They were the first installments in the Philadelphia region.

Smart City Example

• In 2019, Brandywine completed a community park in the Schuylkill Yards Development.
• The park, Drexel Square, is a 1.3-acre community park that is the first stage of a $3.5 billion master-planned Schuylkill Yards development in the University City.
• The park, which cost $14.3million is the first of several public green spaces that are set to expand to 6.5 acres of the 14 acres Schuylkill Yards neighborhood.
• These green spaces connect 6.9 million sq ft of workplace and lifestyle environments all being developed by Brandywine Realty Trust.
• The park lays the foundation for the major plans to be executed by the organization in Schuylkill Yards. These include the development of the Bulletin Building, which is going to begin very shortly.
• This project will cost $43.3 million and will serve as a centerpiece for Schuylkill Yards. The building will be revamped into a high performing work environment of more than 20,000 sq ft of office space and 50000 sq ft of lab space.
• After this is completed, the company then plans to create two ground-up developments at 3001 and 3025 JFK Blvd. These will feature retail, office, and residential components.
• The Bulletin Building, Drexel Square, and the two east and west JFK towers are considered to just phase one of the multi-phase interconnected smart neighborhood that will host 14 acres of office, lab, residential, hotel and green space developments unfolding across 6.9million sq ft. 

WEWORK

Brief Overview

• WeWork, real estate company, started in 2010 intending to create beautiful shared office spaces and communities.
• The company has a team of leaders, creators, and self-starters that constantly try new things and challenge conventions.
• The company is a subsidiary of the We Company and currently has more than 425 coworking spaces in over 100 cities.
• Recently, the company expressed its interest in expanding into offering Smart Cities. This will be made possible through a smart cities initiative that it is rolling out.

Smart City Examples

• The company now has plans to enter the smart city industry. It plans to create data-driven products.
• It also plans to build relationships with community groups and cities that are aimed at removing the barriers to housing, education, jobs, and the common problems related to urbanization.
• Their goal is to create reimagined communities with “connective tissue for 21st-century cities’".
• The company has hired former Waze and Google executive Di-Ann Eisnor to head the initiative.
• According to Eisnor, they will be implementing products and partnering with groups across the globe to help solve problems caused by urbanization, globalization, and climate change.

RESEARCH STRATEGY