WASHINGTON, DC - TransitScreen, a Washington, D.C.-based transportation technology firm, has signed its largest-ever real estate agreement with The JBG Companies, a fully integrated investment, management and development firm located in Chevy Chase, MD. The agreement will provide real-time transportation displays in JBG properties across the Washington Metropolitan region, making it possible for residents and office tenants to see live information on public transit conditions in their areas.
The large display screens will be mounted in building lobbies and will track current schedules and conditions for Metro, Metro bus, car2go service, as well as Capital Bikeshare. TransitScreen recently completed a successful six-month pilot with a live dashboard in JBG’s corporate headquarters.
“The TransitScreen service quickly became a tool for our staff,” said Rod Lawrence, a JBG partner. “We were able to judge things like whether Metro would get us to a mid-day meeting on time or if we should adjust an evening commute. Given our transit-oriented portfolio, this real-time information will prove invaluable to our residents and office workers. It is a great support in our work to create active and sustainable destinations, and we’re excited to add this reliable service.”
Last year, JBG created its own real-time transit displays at four residential buildings that operated with mixed results. The search for external solutions led them to TransitScreen.
To date, TransitScreen has worked primarily with city transit agencies, large employers and property management firms. This agreement represents the largest real estate project for TransitScreen and is an enormous validation for the growing company's products and services.
"We are thrilled to work with JBG, the preeminent D.C.-area’s investor, owner and developer," said TransitScreen cofounder Ryan Croft. "Given JBG’s commitment to transit-oriented developments and sustainability, we think it's a natural fit. We will work together to improve access to sustainable transportation and promote walkable, bike-friendly, and transit-oriented communities."
The JBG installation will be conducted in phases. The first phase will begin this fall and expects to have TransitScreen displays in dozens of residential and commercial properties by early next year. JBG’s portfolio includes 23.6 million square feet of office, residential, hotel and retail space.
About The JBG Companies
Headquartered in Chevy Chase, Md., The JBG Companies is a private real estate development firm that develops, owns and manages office, residential, hotel and retail properties. The company has more than $10 billion in assets under management and development in the Washington, DC area. Since 1960, JBG has been active in the communities where it invests, striving to make a positive impact. More information can be found by visiting the company's website: www.JBG.com, or by calling 240.333.3600.