Press release from Taiwan Smart City Development Project Office of Industrial Development Bureau, M.O.E.A. “REEF is transforming urban parking infrastructure into modern tech-enabled logistics hubs and rejuvenating local economic vibrancy in the process,” said Michael Ronen, managing partner at the SoftBank Vision Fund. Twitter.

Here’s what we do know. Accelerated urbanization has created a huge problem set that needs to be addressed urgently, and hubs will bring immense opportunity for growth, experimentation and versatility to improve our communities,” he added. Restaurants can affordably open in REEF’s Kitchens housed in proprietary containers in the on-demand hubs, to accomplish faster delivery at a lower cost to customers. But transforming a large structure such as a parking garage into something new isn't necessarily easy. REEF Technology plans to transform parking lots into ‘thriving hubs for the on-demand economy.’ By Nancy Dahlberg. REEF Technology, formerly known as ParkJockey Global, is now the largest parking network in North America with more than 4,500 locations. By signing up to receive our newsletter, you agree to our. ParkJockey confirms big SoftBank investment, but we still don’t know the amount. ParkJockey is the official parking partner of several organisations, including Ticketmaster,[4] Hertz,[5] the Miami Heat,[6] and the parking provider at large venues including the Rose Bowl,[7] the US Bank Stadium[8] and the American Airlines Arena. [34], There might be a discussion about this on the, "Booking a car park space? REEF hubs will house a curated grouping of businesses and services specific to the needs of neighborhoods and the on-demand economy, the company said Tuesday. The hubs will eliminate parking spaces to host businesses and services. “At REEF, we believe a parking lot should be more than a place to store your car.

As the urban landscape changes, entrepreneurs are seeking new ways to use structures that have outlived their useful life for their originally intended purpose. Miami-based Reef Technology was founded in 2013 as parking and technology company ParkJockey. REEF Technology, backed by the SoftBank Vision Fund, is now the largest parking network in the North America with more than 1.3 million parking spaces in 4,500 locations. One part of the business will be REEF Kitchens for on-demand food delivery.

The move will help “future-proof” the garages as the growing on-demand economy and soon driverless cars will begin to make traditional garages obsolete. REEF’s 4,500 locations can reach 70% of the urban population in North America with thousands of sites on your customer’s blocks. I enjoy running community-focused projects and utilizing social media. [32], ParkJockey has made financial contributions to Phil Collins' Little Dreams Foundation and The Gurkha Welfare Trust,[33] and supported the It Gets Better Project during the 2015 Pride Week. on

The press release on Tuesday said Ojalvo has assembled a REEF team of executives from Twitter, UberEats, Starbucks, Darden, Brinker, IBM and Westfield. I am a writer, editor and a leader with extensive media experience and a passion for journalism and serving the community.

December 10, 2018. Parking garage owners are finding enticing options for redeveloping garages into spaces that would meet the changing needs of the surrounding community. Follow @ndahlberg on Twitter and email her at ndahlbergbiz@gmail.com. At the time of the mega-investment news in December, ParkJockey said it had about 100 employees. Similarly, cities are finding that the push to reduce car use and support other mobility options has resulted in reduced need for parking garages.
Damien Gensanne . Press Release from Taiwan Smart City Development Project Office of Industrial Development Bureau, M.O.E.A. By Nancy Dahlberg .


The companies decided to blend their services in order to provide better assistance for their customers. ParkJockey provides parking for the customers who book their restaurant reservations through ResDiary. These structures are expensive to maintain and only generate revenue if they consistently reach target fill rates to balance operating and maintenance costs. The exclusive partnership is currently limited to the U.K. For instance, a proposal in San Francisco last year suggested converting a 732-space garage into a multi-use complex with affordable housing units and hundreds of hotel rooms. The Miami-based company formerly known as ParkJockey, the parking app startup, is now REEF Technology, and it says it is re-imagining the common parking lot.

The Metropolitan Transportation Commission plan would require large Bay Area employers have at least 60% of their employees work remote each day. It involves significant demolition and construction costs and environmental impacts. But Reef Technologies found it just in 2 days and explained exactly what is the problem and how to fix it. REEF Technology plans to transform parking lots into ‘thriving hubs for the on-demand economy.’. Other businesses that will be part of the REEF hubs include electric bike and scooter rental companies  and peer-to-peer car rentals. Miami parking startup ParkJockey officially confirmed an investment from the SoftBank Group Monday. Mayors to prioritize infrastructure, tech investments in COVID recovery: survey, Remote work mandate raises alarm bells for Bay Area economies, Addressing Cybersecurity in 2020: Saving Resources With a Holistic, Outsourced Approach, Overcoming IoT Complexity with Flexible Device Management, Mitigate Cyberthreats with SOC-as-a-Service. market. [11] In 2013, ParkJockey raised $1.8 million in angel investment to develop a mobile app and has formally launched its services later in the year. The Miami-based company formerly known as ParkJockey, the parking app startup, is now REEF Technology, and it says it is re-imagining the common parking lot. Want to share a company announcement with your peers? [13], Since then, the company has undergone further investment rounds and has grown to become a B2B real estate technology platform offering landlords and parking operators hardware and software to manage and optimize parking operations,[14] including big data services.

ParkJockey didn’t disclose the amount, but this news follows speculative media reports reported here last week. ParkJockey is an American parking revenue and access control startup that allows the real estate owners or operators to streamline parking operations using smart software and hardware technologies and data APIs.On the consumer-facing front, the company has developed a payment terminal kiosk for parking as well as a mobile application to search and pay for parking spaces. Retrieved from.

[15], It is headquartered in Miami, with operations across the U.S. and the U.K.[16], On December 3, 2018, financial and technology news media reported that Softbank Group and Mubadala have recently bought stakes in ParkJockey, primarily to finance planned acquisitions of parking lot operators, with the total investment amount approximated to be between $800 million and $1 billion. More than a dozen companies have partnered with REEF for the launch of the hubs.

Most of my career has been spent with the Miami Herald in business news, and my expertise is writing about entrepreneurs. Rather, it can be a hub for the community, connecting people to the businesses and services that keep us all moving forward,” said Ari Ojalvo, co-founder and CEO of REEF Technology, in a statement. [30], ResDiary, online reservations system, partnered with ParkJockey in 2015. The company offers parking for Odeon customers who would like to have their parking space reserved along with their cinema tickets. [9][10], ParkJockey was co-founded by two former management consultants in Chicago.

[24], In December 2014, ParkJockey became the official parking provider for the NBA franchise,[25] HEAT Group. [31], ParkJockey partnered with Odeon Cinemas in 2014. REEF hopes to bring on more businesses including dockless mobility companies and peer-to-peer car rental businesses, and potentially develop ride-hailing buffer zones to reduce traffic congestion within communities.

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