According to an article in CRE Tech, AREA, a Manhattan based real estate technology accelerator has chosen six start-ups who will participate in the company’s incubator program.
AREA was officially launched in May and its chairman is Daniel Rose, the developer responsible for 280 Park Avenue, Pentagon City in Virginia and One Financial Center in Boston amongst others. The managing partners of the company are David Rose, Lauren Rose and John Henry.
Each of the start-ups will be offered an intensive 12 week accelerator program and will receive $50,000 in funding as well as shared office space at 55 Broad Street in New York. The program also covers mentorship from industry leaders. As well as the Roses, mentors include Nick Romito of VTS, Michael Mandel of Compstak, Brandon Weber of Hightower and Richard Sarkis of Reonomy.
The six start-ups include Tobly, which is a heavy and construction equipment rental community marketplace, offering equipment rentals to homeowners, real estate managers and construction professionals. At the moment the construction rental industry in the US largely consists of small independent firms, but Tobly has the ability to streamline the process, managing rental transactions and partnering with local suppliers.
Zoner is a startup offering digital zoning ordinance optimization software. This means users can quickly determine if a business is allowed by zoning. Developers and homeowners considering a new build or addition will be able to work out how much they can build.
Founder House is a co-living start-up oriented towards tech employees. At the moment the company operates three townhomes in Brooklyn and is planning to open a fourth later on this year. The idea is that by living together communally, members will be able to form lots of new connections which in turn will help foster new opportunities.
Spacio, a lead management app for residential brokers aims to streamline open house lead captures and follow-up marketing. This start-up is 10 months old and has already closed deals with larger brokerages.
Urbanr is a bit like Zillow or Streeteasy as it is a residential listing platform that is currently focusing on high quality apartments in San Francisco.
Atlas X has been designed to help streamline commercial real estate acquisitions. The platform is intended for users or organizations owning or managing larger assets. The company aims to standardize data and allows users to manage active pursuits and to track dead deals.