How Glenwood Management Transformed Parking Infrastructure Across NYC and Saved Over $8M

The growing demand for electric vehicles (EVs) is reshaping the way property owners think about parking infrastructure. Glenwood Management, a prominent real estate group in New York City, recognized the opportunity to stay ahead of the curve by installing EV charging stations in 19 of their parking garages. 

Faced with the complexity of such a large-scale rollout, they considered hiring for a position to oversee the project. But when they crunched the numbers it made more sense to turn to Source Forward and DVM Industries to provide the expertise, planning, and execution necessary for success. Not only did they get access to deep expertise in a very specific niche, but they ended up with an entire team of professionals at a fraction of the cost, for each of their projects.

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The Challenge

Glenwood Management needed to install 380 commercial EV charging stations in each of their 19 parking garages, serving over 300 spaces per location. The project posed several challenges, including:

1. Future-Proofing Infrastructure: The charging stations needed to meet current demand while being scalable for future needs.
2. Utility Coordination: Bringing adequate power to multiple sites required collaboration with utilities to secure upgrades and approvals.
3. Permitting and Compliance: Navigating local regulations and securing permits for all 19 sites was a significant undertaking.
4. Cost Management: At a total project cost of $9.1 million, securing incentives was critical to offset expenses.

Glenwood Management needed a comprehensive solution to ensure seamless execution while minimizing operational disruptions.

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The Solution

Source Forward and DVM Industries delivered a robust, future-ready solution, managing every aspect of the project from planning to installation.

1. Strategic Planning and Scalable Design

Our in-house engineering team worked closely with Glenwood to develop a design tailored to their current and future needs. Key elements included:

• Designing 380 EV charging stations per garage.
• Oversizing panels, increasing conduit capacity, and installing additional conduits to allow for future expansions.

By proactively designing for scalability, we secured utility funding for future-proofing costs, reducing the financial burden on Glenwood.

2. Permitting and Utility Coordination

Source Forward took the lead in managing the complex permitting process and working with utility companies to ensure all 19 locations met regulatory requirements.

• Secured necessary permits from local municipalities.
• Submitted detailed engineering documents, including PE-stamped electrical drawings and site plans.
• Facilitated utility upgrades for three locations that required additional power capacity.

3. Comprehensive Installation and Implementation

Our team handled the installation of all 380 chargers per garage, including:

• Upgraded switch gear, conduit, panels, and electrical connections.
• Site work such as trenching, line striping, and signage to optimize usability and accessibility.

4. Maximizing Incentive Savings

Source Forward managed all rebate applications and utility paperwork, securing an impressive $8.19 million in incentives. This reduced Glenwood’s net project cost to just $910,000, making the ambitious project financially feasible.

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Results

The partnership between Glenwood Management, Source Forward, and DVM Industries delivered outstanding results with massive savings, demonstrating how comprehensive planning and execution can transform parking infrastructure.

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Key Highlights:

• Charging Stations Installed: 380 per garage across 19 locations.
• Total Project Cost: $9.1 million.
• Incentives Secured: $8.19 million.
• Net Project Cost: $910,000.

By future-proofing their garages, Glenwood Management is well-positioned to meet the growing demand for EV charging stations while enhancing tenant satisfaction and maintaining operational efficiency.

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A Model for Scalable Solutions

This project showcased Source Forward and DVM Industries’ combined ability to handle complex, large-scale EV charging installations while minimizing disruptions and costs. Our expertise in scalable design, regulatory compliance, and incentive management ensures property owners can confidently adapt to the evolving needs of EV drivers.

If you’re looking to transform your parking facilities into EV charging hubs, contact Source Forward today to learn how we can help you achieve your sustainability and profitability goals.

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