Park Assist has been awarded the Parking Guidance System for the parking garages located in Lake Nona Town Center

NEW YORK, NEW YORK – January 31st, 2019 – Park Assist has been awarded the Parking Guidance System (PGS) for the parking garages located in Lake Nona Town Center in Orlando, Fla. The growing, mixed-use 100-acre regional shopping and entertainment destination is just 25 minutes from downtown Orlando in the center of Lake Nona’s bustling, neo-urban community. Already home to two award-winning hotels and a variety of restaurants, shops, and entertainment experiences, Lake Nona Town Center will expand with the addition of a Cinépolis Luxury Cinema, 110,000-square-foot health and wellness facility, and Boxi Park, an outdoor entertainment district, all coming soon.

The client, Tavistock Development Company, was looking for a reliable system to accommodate the expected high occupancy volumes for Lake Nona, one of the fastest growing communities in the country. The new installation will replace an ultrasonic pilot PGS with the patented M4 smart-sensor system that uses camera-based technology to provide elevated accuracy and safety features to parking facilities. Travistock Property Management will be able to interact with actionable data through Park Assist’s proprietary suite of software features. The interactive data displays parking preferences and usage patterns, allowing management to streamline operations to maximize efficiency. The new PGS installation will be conducted in two phases. Two of the garages have been completed, with two more scheduled to break ground in 2019.

“By installing the first camera-based PGS system in Central Florida, Tavistock and Lake Nona Town Center are leading the way in customer experience and parking innovation within the region. We not only look forward to the effortless parking experience that customers can expect with the current system deployed but also the future expansion possibilities that will occur in the coming months and years.” – Vince Balsamo, General Manager – North America.

About Park Assist

Park Assist® is the parking industry’s leading camera-focused innovator with the most camera-based parking guidance installations in the world. Our patented technology helps customers effortlessly find parking spaces in real-time as well as find their cars when they return. Simultaneously, we provide parking operators with tools to improve customer satisfaction, create new revenue opportunities, realize greater operational control, capture parker analytics and expand CCTV capabilities. Park Assist is part of the TKH Group (Euronext: TWEKA), a $1.8 billion publicly traded company headquartered in the Netherlands. For more information, visit www.parkassist.com.

About Lake Nona

Orlando’s Lake Nona is one of the fastest-growing communities in America with more than 10 million square feet of world-class residential and commercial facilities.  Adjacent to Orlando International Airport, the large-scale, master-designed community is home to thoughtfully designed neighborhoods, world-class education facilities, a Health & Life Sciences Cluster, a Sports & Performance District highlighted by USTA’s Home of American Tennis – the largest tennis facility in the world, diverse work spaces, recreational facilities, retail centers, and entertainment venues encompassing the best Orlando has to offer with all the conveniences of a dynamic, vibrant community. Driven by a long-term vision, Lake Nona is committed to building an innovative community that inspires human potential whilst being focused on sustainable design, healthy living, and groundbreaking gigabit fiber optic technology. A smart and connected community, Lake Nona is wired for the future, providing a no-limits foundation for individuals and companies to thrive. For more information, visit www.lakenona.com.

ABOUT TAVISTOCK DEVELOPMENT CO.

Tavistock Development Company is a diversified real estate firm owned by Tavistock Group specializing in planning, design, finance, construction and development of groundbreaking projects. Tavistock Development Company’s real estate portfolio is highlighted by the 17-square-mile, master-planned community Lake Nona in Orlando, Fla., as well as Pier Sixty-Six Hotel and Marina, Sunbridge and The Grove in Windermere. For more information, visit www.tavistockdevelopment.com.

For more information about Park Assist, Contact Us.