Proptech can sometimes get a little dull when geeks start chuntering on about code and algorithms.
But a company has launched with a more unusual approach to proptech that aims to help leasehold residential development managers and freeholders earn up to £90,000 a year from their unused outdoor space.
Streetdots has an army of 2,500 vetted street food and drink vendors – and of course the ubiquitous three-wheeled coffee van – that can be set up within a development’s unused public spaces.
The company was launched last year and has already got Savills and the Grovesnor Estate in London as clients, as well as US build-to-rent behemoth Greystar and hopefully soon major housing association Notting Hill Genesis.
Greystar is using the service at its huge Greenford Quay mixed use development in NW London to attract tenants to the area, which isn’t known for the quality of its restaurants or shops.
Streetdots was founded by two food entrepreneurs who had a ‘tuck truck’ but who found it was hard to find flexible pitches to park up their vehicle.
Streetdots, whose name is a shorthand for the pitches it makes available at sites, is also hoping its service will prove popular at student halls and even care homes.
It says it service offers developments an ‘instant community’ by providing residents with a range of mobile food and drink units, all organised via an app.
“Rather than small squares and other dormant pieces of land sitting unused, we work in collaboration with property owners to provide these spaces with mobile independent traders and make the most of the space,” says Streetdots spokesperson Charlotte Dove McCarthy (left).
“We started with food but we’re also expanding into retail, wellbeing and music. Every space is an opportunity with our service.”