Hub Will Include Co-Working, Education and Events Space, and PropTech Exhibits
MetaProp, a PropTech venture capital firm, has announced its venture to solidify New York City as the undisputed global leader in real estate technologies and talent. PropTech Place, an innovation hub at 214 West 39th Street in Manhattan, supports the high growth real estate technology industry, and will host office and co-working spaces, three curated PropTech exhibits, and a full calendar of education and events for aspiring real estate technology leaders.
MetaProp will be managing PropTech Place’s community activities, and also relocated its company headquarters into the co-working space. The firm and its partners expect to invest more than $3,000,000 over the next five years into technology, programming and facilities.
“PropTech Place coworking members already include a robust mix of investors, early-stage startups, and academics,” said Aaron Block, MetaProp co-founder and managing director. “To satisfy demand, we’re working to expand to more than 10,000 square feet and will soon open memberships to a broader set of PropTech stakeholders including larger startups, as well as innovation leaders at top real estate firms.”
Numerous PropTech leaders already call NYC home. Some of the hottest Big Apple-based PropTech startups include consumer-focused companies such as Compass, StreetEasy and HotPads as well as B2B- focused leaders such as WeWork, VTS, Convene, Honest Buildings, CompStak and Cadre.
“New York City is the undisputed real estate capital of the world; throughout our five boroughs, we have billions of square feet in residential, commercial and industrial properties. Our unparalleled building stock and thriving tech sector position us to be an epicenter of industry innovation and to create jobs for all New Yorkers,” said NYCEDC President and CEO James Patchett. “New York’s PropTech Place will be the first stop for industry leaders looking for a window into the best real estate technology innovations.”
The project is supported by the New York City Economic Development Corporation (NYCEDC), who endorsed the concept of creating a centralized ecosystem for real estate technology companies and professionals.
“New York stands alone as a dominant international hub for both real estate and tech, and it’s therefore no surprise that the city’s PropTech sector is flourishing,” said Julie Samuels, executive director of Tech:NYC. “The diversity of industry and workforce in New York promotes an exchange of ideas that has boosted many new industries, including real estate technology. PropTech Place will support these interactions and help solidify New York’s position as a global leader in the space.”
Visitors to PropTech Place can already enjoy a robust set of live PropTech exhibits including:
● History of PropTech – Historical artifacts, timelines and photos of key innovation leaders throughout the history of international real estate. The exhibit focuses on major breakthroughs and industry firsts and is curated in cooperation with professors from Columbia University’s Graduate School of Architecture, Planning and Preservation.
● Today’s PropTech – Includes live piloting of up to 12 technologies throughout the PropTech Place offices and building at 214 West 39th Street. This live exhibit allows members and guests to interact with real estate innovations. Initial exhibitors include:
○ Breather – the leading provider of space-as-a-service, with a growing network of private, flexible workspaces built for productivity
○ Enertiv – a real estate technology company that transforms building data into asset value
○ Furnishr – a turnkey furnishing platform that will completely furnish your empty home in one day
○ hOM – a leading technology-enabled amenity provider that partners with residential and office properties to provide on-site fitness and other unique events for tenants
○ Latch – makes access easier for everyone at a modern building
○ Managed by Q – provides subscription and on-demand office services, from cleaning and maintenance to supply replenishment and wellness
○ Notion – a complete home awareness solution that’s reinventing what your home is capable of to make your everyday life safer, smarter and better
○ Radiator Labs – a product that eliminates the waste implicit in steam heated buildings
○ SocialSign.in – a guest Wi-Fi monetization solution for real estate owners and managers
○ Vergesense – develops an AI-powered sensing device for facility management
○ Workframe – Workframe is a workflow optimization platform for commercial real estate professionals
● Tomorrow’s PropTech – Updated every 90 days, a series of high definition screens placed throughout PropTech Place cycle demonstrations of up to 10 of the most cutting edge real estate technologies under development from around the world. Initial exhibitors include:
○ AirWorks – aerial mapping software that helps land developers and engineers to evaluate more job sites within their schedules
○ Avvir – enables construction teams to closely monitor progress and catch mistakes before major rework is required
○ Blueprint Power – a real estate and energy tech company that turns buildings into urban power plants
○ Branch Technology – combines novel 3D printing technology, conventional construction materials, & large-scale robotics
○ Brickschain – enables people to connect, catalogue, and manage the DNA of buildings through blockchain technology
○ LiveBy – provides real estate professionals tools to educate clients, while helping consumers to make quicker, informed decisions on location
○ OnSiteIQ – a tech-enabled construction visual documentation and risk assessment service
“We were thrilled to be selected exhibitors at PropTech Place, where our smart access technology is regularly exposed to interested users, investors, and industry delegations from around the world. This space could end up being one of the world’s greatest real estate technology showrooms,” remarked Luke Schoenfelder, CEO of Latch, an IoT PropTech company that has raised over $96 million from venture capitalists and marquee real estate companies and families including Brookfield, the Milstein, Rudin, LeFrak, and Wilpon companies.
