Property Owners, general contractors, and builders & developers: do you have a property that is undergoing construction & needs a parking solution for all your residents? If so, this case study on ParqEx providing a complete parking solution for displaced drivers during construction is the perfect read for you.

This massive project had two leading companies: Walsh Construction & Fluor Corporation. Walsh Construction, one of the nation’s largest general contracting & design-build companies, has been around since 1949 when it was incorporated in Chicago. Fluor Corporation, headquartered in Irving, TX, provides engineering, procurement & construction services worldwide and has been doing so for over 100 years.

The Situation

Walsh Construction and its joint venture partner Fluor Corporation, operating under the name Walsh-Fluor Design-Build Team, was the general contractor on the CTA’s Red-Purple modernization project. This project was no small feat! It ran through both the Uptown & Edgewater neighborhoods of Chicago. 

The Red-Purple Reconstruction project had massive tasks on its hands. It needed first-off to enhance the rail line, drastically improving the efficiency of the CTA’s service and transit system. But, a big issue arose when the CTA & Walsh-Fluor Design-Build Team recognized that they would be displacing hundreds of neighborhood parking spots during construction. Undoubtedly, the Walsh-Fluor Design-Build Team needed to develop a parking solution that would be convenient for all the neighborhood residents quickly.

The Solution

The Walsh-Fluor team needed a parking solutions provider that could provide replacement parking to understandably frustrated residents seamlessly. This is where ParqEx joined the team! First, ParqEx sat down with the entire team & got a firm understanding of the project’s logistics, the affected neighborhoods, and the scope of all the drivers and guests. Next, the ParqEx team needed to propose a solution that would resolve conflict for the entire duration of the construction project. Finally, after understanding all the demands & requirements of the project, getting a firm idea of just how many residents would be displaced, and accounting for an estimate of additional guest parkers in the neighborhood, ParqEx proposed a solution that includes ParqEx’s proprietary technology, Access +, GuestParq, and Marketplace.

Four parking locations were each set up with ParqEx’s Marketplace, where drivers could choose from their preferred parking location in the ParqEx mobile app & reserve their spot. Every spot was set for $0, a ParqEx special just for Walsh-Fluor. ParqEx then implemented its GuestParq services, allowing all neighborhood residents to reserve visitor parking just as they would reserve their own on the ParqEx mobile app.

Lastly, ParqEx provided the neighborhood residents with Access+ for the gated property, allowing all renters to access and operate the garage door or gate via the ParqEx Access+ app. This was also made available to approved visitors and guests.

Even though ParqEx’s technology suite is very straightforward and user-friendly, the ParqEx team went the extra mile. It provided a detailed user guide for anyone needing some guidance. This user guide, video tutorial, FAQs, and quick-start guide were all included on a dedicated website specifically for Edgewater & Uptown residents & guests. All these informational tools benefitted all residential parkers, many of whom had never used a parking app before ParqEx!

The Result

The result of ParqEx’s involvement in this project is easy to recognize. All residents and guests of the Edgewater & Uptown neighborhoods in Chicago gained FREE secure parking during construction. Sure, the situation was not ideal for the residents of Edgewater & Uptown, but the solution was quick and easy. It also saved some residents money as they no longer had to pay for their neighborhood parking during construction.

The overall result is 99.9% entry reliability, more than five thousand secure entries during construction, and $0 cost for all residents and guests. 

“Our project had a unique parking situation that needed to be addressed, affecting hundreds of people in the neighborhoods. The ParqEx team put significant effort into understanding our situation and devised a custom solution to handle all aspects of parking. In addition, they provided adequate training and continued supporting my team when needed throughout the project!” Marcy O’Boyle Jensen (Communications Manager, Walsh-Fluor DBT)

Reach Out

ParqEx is a property technology company that specializes in providing parking solutions. Like the Walsh-Fluor Design-Build Team, any other building & development team can use ParqEx during construction.

Download the Walsh-Fluor case study and learn how ParqEx can deliver quick parking solutions for displaced drivers during construction!

The post Parking Solution for Displaced Drivers During Construction appeared first on ParqEx.

To those of you in the building and development world of real estate, have you ever renovated a building and been inundated with issues? Of course, the answer is going to be yes. But have you ever remodeled a building and had reoccurring problems revolving around parking at the property? If this sounds familiar or you are looking for ways to increase revenue, reduce costs, and improve overall operations, then this article is for you. So keep on reading to see how ParqEx is the parking solution for all builders & developers.

ParqEx is the Smart Parking Solutions Provider that continues to unlock different revenue streams for property managers, builders & developers, enforcement agencies, and even individuals alike. Through the use of our proprietary technology, privately-owned parking spaces that generally sit empty (especially during construction) are quickly unlocked and available for transient renters and parkers to use. With our technology on-site, there will be an undoubted increase in revenue, drastically improved operations with our IoT technology, and an added sense of security knowing who is on your property at all hours of the day.

Access +

With Access + technology from ParqEx, managing your construction site suddenly becomes simple. With the ParqEx Access + App (available on Android, IOS, and the web), all approved individuals will be able to access the property via their smartphones. Through the IoT technology, the Access + App can open any door, elevator, gate arm, garage door, etc. Suddenly all approved contractors, investors, property owners, property management, and visitors will be able to enter and exit the property seamlessly without any headache arising. Through the installation of ParqEx’s Access +, builders and developers will be able to simplify the entire management process of the property and have complete transparency of who is on the property with real-time reporting and security features.

Regarding adding another revenue stream to your property, with Access + technology on-site, any parking that gates or garage doors may restrict will be able to be opened and closed via the Access + app. Say, for instance, your company has been contracted to renovate the top floors of a building downtown, and there’s a massive underground parking structure built within already. With Access + technology installed, transient external renters using the ParqEx Marketplace App will be able to park at the property. With this inflow of parkers, more money goes to the property and could cover current or future building costs. Learn more about how ParqEx’s Access + can eliminate unnecessary headaches, increase overall security, and impress all visitors – investors included. 

Access + Premium LPR

Is security top-of-mind for you regarding your property? Is property management open to adding a value-adding amenity to their property? Through installing ParqEx’s Access + Premium License Plate Recognition technology, all approved individuals can access the property via their license plate. With the LPR infrared cameras on location, all authorized employees and contractors have to do is approach the LPR camera. Once their license plate is approved, the gate or garage door opens, and they immediately access the property. With this technology, any preexisting measure of entering and exiting the property is replaceable. Is the property still tied to old-school keys or fobs? Not anymore! The beauty here is that it will simplify your lives today while the property is under construction but will continue to simplify the lives of property owners and managers alike in the future with all their tenants and residents. So why not add a value-adding future-proof amenity to the property from the get-go.

Additionally, with ParqEx’s LPR cameras on the property, builders and developers gain more peace of mind when it comes to the security of the property. It would not shock anyone to know that crime and vandalism rates decrease by simply having a camera installed on the property. 

Now, what about that additional stream of revenue you have grown accustomed to with ParqEx? Much like Access +, LPR technology can also unlock any parking on the property for external renters. All approved visitors have to approach the LPR camera, and once their vehicle is verified, they will be allowed onto the property. It seems that installing a future-proof, crime deterring amenity on the property is a no-brainer! Learn more on how you can make money, add security, and simplify everything on the property with ParqEx’s LPR technology.

Enforcer

As you know, enforcing a construction site can be difficult and close to impossible. In addition, construction sites always have people coming and going throughout the day. Because of this, property management and security have to enforce their property with current tenants and residents (if it’s not a new building and is not a complete renovation of the property), prospective tenants, investors, property owners, and then all contractors and their visitors. That sounds daunting! Yet, ParqEx is here to tell you that it does not have to be. With ParqEx’s Enforcer App, properties gain real-time parking enforcement. Property management, enforcement officers, and builders & developers can instantly verify all vehicles on the property and issue parking violations through the app if ever that would be needed. In addition, through the Enforcer app, the cost of all printed tags, passes, and signs for every vehicle is wholly cut.

Let us talk about the additional revenue stream again. Sure, maybe the Enforcer App does not have the same door-opening capabilities as Access + or LPR, but it tracks everything going on at your property. Furthermore, you can be more on top of parkers overstaying past their allotted reservation time. In those cases, you can immediately issue tickets via the app and add money to your property that way! Learn more on how the Enforcer app can be a parking solution for builders and developers while reducing costs for the property.

GuestParq

Is your guest parking situation a complete mess on your job site? Honestly, that makes sense, but it does not have to be that way. For example, are your contractors still needing to validate their parking? Let ParqEx eliminate some chaos for you. With GuestParq, visitor parking is made easy. Now, builders and developers can say goodbye to the hassle of managing all visitors and service vehicles. All you need is to reserve a parking spot ahead of time through ParqEx, transfer the reservation via SMS or email to the visiting contractors, service vehicles, or property investors, and the parking spot will be waiting for them. 

Not only does GuestParq facilitate parking for visitors, but it increases security and opens another avenue for an increase in revenue. Sure, you can offer GuestParq as a free amenity, but it certainly can be a charged amenity as well. Learn more on how GuestParq can help ameliorate visitor parking and bring in more money for the property.

Marketplace

Are you building and developing a property that has gated parking? What about underground parking? Or just a surface lot? If the construction site has parking sitting empty or underutilized and is deemed safe for external parkers, list those spots on ParqEx’s Marketplace. Marketplace is the reservation and revenue-generating engine of ParqEx. By listing the spots on Marketplace, any transient renter needing parking can gain access to these spots. As you can guess, by listing these parking spaces, property owners can earn easy money to offset any unexpected cost that may arise during building and development.

Are you concerned by the potential amount of vehicles on the property if you open parking to all ParqEx renters? Are there specific hours of the day or days of the week where construction slows down? List the property’s parking spots for those particular days and times. You have complete control. Learn more about the benefits of ParqEx’s Marketplace for your property.

Case Study

All of ParqEx’s technologies are market-proven and have seen great success. But, builders and developers, do you need reassurance that other builders have seen success by implementing ParqEx’s technology during the construction process? You are in luck! Our case study featuring 112 N. May St. in Chicago is the perfect example for you. This commercial building in the West Loop neighborhood of Chicago was under construction, yet they had a retail lot adjacent to their property with 26 parking spots sitting vacant. ParqEx’s Marketplace and Enforcer technologies allowed the builders and developers to make over $72K in parking revenue without having to do much. Download the 112 North May Street case study and learn how you too can make money off of parking during construction.

On-going construction and development at properties is the perfect excuse to take advantage of what ParqEx technologies offer. So do yourself a favor and eliminate all management, security, and guest parking headaches through ParqEx. And do yourself an even bigger favor by making money off of those empty parking spots. Those are lucrative assets that should not be sitting vacant.

Let’s talk about your property and see how ParqEx is the parking solution for builders & developers! Book a demo with us today. We look forward to hearing from you.

The post The Parking Solution for Builders & Developers appeared first on ParqEx.