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EastBanc and Jamestown Add First Public Electric Vehicle Charging Station in Georgetown
Environmentally-Friendly Feature Debuts in Time for Busy Holiday Shopping Season Offering Free Charges for Initial Three Months
EastBanc and Jamestown opened the new electric charging station just in time for the holiday shopping season rush. Electric car owners can simply drive into the PMI Parking Garage on M Street E and efficiently recharge their electric power-driven vehicle, which costs considerably less than purchasing a cup of coffee, while they enjoy a shopping or dining visit in Georgetown. SemaConnect's ChargePro charging station recharges a Chevy Volt at approximately 2 cents per mile to drive on electricity, compared with12 cents per mile on gasoline at a price of $3.60 a gallon. As an added benefit, EastBanc and Jamestown are absorbing all charging costs for the first three months of operation. After the initial complimentary three-month period, the cost to charge electric vehicles at the charging station will run $0.50 - $1.50.
The need for convenient, public charging is growing fast as most major automakers are already producing electric cars, or will be in the near future. The early focus on EV infrastructure has been on installing charging equipment in homes and municipal garages. However, many urban locations don’t have access to home or garage units, and all EV drivers need to have the confidence they can find a charge if their battery runs low while they are on the road.
“This initiative confirms our commitment to environmental improvement and to help reduce the eco-impact of carbon dioxide emissions in Georgetown,”
Specifically designed for commercial-grade applications, SemaConnect’
This intelligent, network-based EV charging system features:
• Smart card authentication – for open or restricted access.
• Pay by Cell EV Charging – for easy quick and payment
• Automatic billing/payment system – for convenient charging transactions.
• Smart Grid Integration – for easy energy metering and demand response.
“Our ChargePro EV charging stations are safe, reliable and extremely easy to use,” said Mahi Reddy, CEO of SemaConnect. “We’
EastBanc and Jamestown’s Georgetown Renaissance is a unique collection of high-end retail properties in one of the premier retail locations in the Washington D.C. metro area, also including boutique office space and 16 luxury rental apartments. Georgetown Renaissance consists of over 300,000 square feet across 17 properties in Georgetown and one property in Alexandria, Va.
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About EastBanc, Inc.
EastBanc, Inc. specializes in the acquisition, redevelopment and management of commercial real estate assets. The firm’s long-term appreciation strategy emphasizes the creation of enterprise value in targeted markets through targeted deployment of investor capital. The cornerstone of EastBanc’s enterprise value strategy incorporates its unique ability to influence sizeable portions of urban streetscape with significant capital upgrades and master-planned leasing. With an emphasis on urban mixed-use investment, EastBanc’s developments include upscale retail, luxury residential, Class A and Class B office and luxury hotel property types. For more information, visit www.eastbanc.com.
Founded in 1983 with headquarters in Atlanta, Ga. and Cologne, Germany and offices in New York City, San Francisco, Ca. and Washington, D.C., Jamestown is a leader in acquisitions and value added management. Over 28 years, Jamestown has generated approximately $8 billion in strategic investments. The company is focused across the risk spectrum with core, core-plus and opportunistic funds in two primary markets: 24-hour cities and Sunbelt territories with strong demographic growth. For more information, visit www.jamestownproperties.com.
About SemaConnect, Inc.
SemaConnect is a leading provider of electric vehicle charging stations and sophisticated software for station owners and EV drivers. SemaConnect installations and accomplishments include successful deployments of over 150 ChargePro charging stations in Maryland, Virginia and Washington, D.C. SemaConnect announced the largest commercial order of EV Charging stations when they partnered with 350Green for the national launch of 1,500 charging stations across the U.S. at major retail locations including Walgreens and Simon Properties. To purchase your charging station, contact us at (410) 384 – 4223, or visit www.SemaConnect.com.
The familiar red and black trademark has been a symbol of service and integrity in the parking industry since 1947, when Parking Management, Inc. (PMI) was organized. One of the oldest parking companies in the Washington metropolitan area, PMI is headquartered in Washington, DC, and operates more than 100 facilities throughout Washington, DC, Virginia and Maryland, including the parking operation at Baltimore/Washington Thurgood Marshall International Airport (BWI). PMI employs nearly 400 people, more than half have been with the company for 10 or more years. Family-owned and operated, PMI is proud to have a number of PMI employees’ children carry on this tradition by working for the company. For more information on PMI, please visit: www. pmi-parking.com.