Case Study: Lacuna Lofts achieves secure, monetized parking with ParqEx

How the ParqEx Smart Parking suite of products revolutionized parking for Lacuna Lofts’ management, tenants, and guests, including over $150,000 in added income, more than $60,000 in saved costs, and more than 3 million secure entries and counting

Lacuna Lofts, an events venue and shared workspace, faced challenges with its unsecured gated parking lot. Unauthorized vehicles were frequently parking on the property, and the company lacked a system to collect fees or control access, resulting in lost revenue. They partnered with ParqEx to find a solution to monetize the lot and ensure secure, convenient access for authorized tenants and guests.

ParqEx implemented its Access+ Premium solution with License Plate Reading (LPR) technology to automate gate access for authorized vehicles. This allowed Lacuna Lofts to be listed on the ParqEx Marketplace for parking rentals. The results were significant, with the client collecting over $11,000 in revenue in the first month and projecting over $150,000 in annual income. ParqEx also helped save over $60,000 per year in operating costs while ensuring millions of secure entries.

Lacuna Lofts

Justin Perkins

Ameritus