Panasonic to invest in new Denver smart city development
Written By: Stratton Report
September 27, 2016
On September 27, Panasonic announced it had invested in Rail Stop LLC, which is developing the first phase of Peña Station NEXT in Denver as a sustainable mixed-use community. The development was inspired by Fujisawa Sustainable Smart Town, a Panasonic-led smart and sustainable development in Fujisawa, Japan, about 30 miles southwest of Tokyo.
It is located near the Colorado A Line train route connecting downtown Denver with Denver International Airport and includes the newly constructed and recently opened operations hub of Panasonic Enterprise Solutions Company.
The smart city solutions being deployed at Peña Station NEXT will include an innovative solar-plus-storage microgrid, smart LED street lights with video analytics and other features for community safety and parking, community Wi-Fi, electric vehicle charging stations, and autonomous electric shuttles to create a seamless mobility experience throughout the transit-oriented development to and from the rail station.
Jarrett Wendt, Executive Vice President of strategic initiatives at Panasonic Enterprise Solutions Company noted:
“Panasonic is much more than the anchor corporate tenant at Peña Station NEXT. This is our home, and this strategic investment is a testament to our commitment to make that home one of the smartest and most sustainable new developments in the country. In partnership with LC Fulenwider, the progressive City and County of Denver, Denver International Airport, and our other key partners, we expect to put Peña Station NEXT on the national and global map.”
Cal Fulenwider, III, CEO of LC Fulenwider, Inc. observed: “Having Panasonic as an equity partner in Rail Stop is a game changer. It ensures that we will be the true North American showpiece for the next generation of smart and sustainable technologies, which will be incorporated into the fabric of our transit-oriented development (TOD) at the front door of DIA. Peña Station NEXT is raising the bar for real estate development in the United States by utilizing clean, smart, connected, and sustainable technologies as the basis of our master plan.
Having Panasonic Enterprise Solutions Company as our partner guarantees we will always be the technological leader and at the cutting edge of smart, sustainable development.”