Member News: Park Assist has been awarded the Parking Guidance System contract for Fifth + Broadway

NEW YORK, NEW YORK – June 19th, 2019 –

Park Assist has been awarded the Parking Guidance System (PGS) for Fifth + Broadway located in Nashville, TN. All 6 acres of the old Nashville Convention Center site is being transformed into Fifth + Broadway, which is soon to be a mixed-use destination in the heart of Nashville. Park Assist’s M4 camera-based PGS and Wayfinding signage will be installed into the two-level garage containing 787 parking stalls.

Located in the heart of downtown Nashville, Brookfield Properties was in search of a parking guidance system for Fifth + Broadway that could manage a large volume of traffic due to retail attractions, events and general visitors to the bustling area. The M4 camera-based smart-sensor PGS was selected to help quickly and effortlessly guide visitors to available parking spaces. The patented, camera-based technology guides visitors upon entry to vacant spots using color-coded, smart-sensors, saving visitors time and getting them to their destination faster. Wayfinding Digital Signage upon arrival announces the number of open spaces available while secondary signage within the garage will then display to the parker how many parking spaces are available on each level.

Park Assist’s Camera-based smart PGS technology is what lead to their selection, for this major project, as they have a comprehensive product offering and reputation as the leader in parking guidance technology. The project at Fifth + Broadway will be the fourth Park Assist M4 Installation in Nashville.

Because of the high volume of traffic expected at Fifth + Broadway, Brookfield Properties sees Park Assist’s M4’s advanced PGS coupled with its wayfinding digital signage as a means to ease congestion, increase flow and ease the perking process. The installation is set to begin in January 2020 and has an expected completion date of March 2020.

“We are delighted to partner with the Fifth + Broadway project team to help create a desirable traffic flow and an elevated parking experience in a busy parking facility.” said Vince Balsamo, Park Assist’s 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.

Contact: 
Ricky Grasso
Marketing Manager
Ricky.Grasso@parkassist.com