The Rudin Family real estate firm, in collaboration with network infrastructure company Crown Castle, announced that 345 Park Avenue has become one of the first multi-tenant commercial office buildings in the U.S.to enable Citizens Broadband Radio Service (CBRS).
The real estate firm said that CBRS radio spectrum will enable 345 Park tenants to create and access their own dedicated, private broadband wireless network.
Construction of the neutral-host CBRS network has been completed in the lobby and concourse levels, and additional areas within the building will be connected later this year.
The Rudin Family also noted that the new initiative will improve wireless performance in 345 Park by doubling the current wireless capacity and will provide more flexibility for configuring wireless solutions for improved security and visitor features. The system will also support more bandwidth in the lobby for tenants and visitors as they adhere to new social distancing guidelines.
“The spectrum that this technology is based in is the wave of the future, and tenants and owners alike who rely on fast, reliable connectivity will need this in order to stay competitive,” said Michael Rudin, SVP at Rudin Management Company, which is the operating arm of Rudin Family holdings.
“CBRS is consistent with our company’s focus on shared assets for the benefit of all. This is of great value to building owners, tenants, and wireless network operators,” said Paul Reddick, VP of strategy, business and product development for Crown Castle.
345 Park Avenue currently utilizes the Nantum operating system, a smart building platform developed by Rudin’s start-up technology company, Prescriptive Data. The new multi-tenant CBRS network will seamlessly integrate with Nantum to provide faster real-time updates to both ownership and tenants including floor-by-floor occupancy data, indoor air quality, lobby occupancy and elevator wait times.
KPMG, a 345 Park tenant, recently selected Nantum to be part of a new patent-pending blockchain capability called KPMG Climate Accounting Infrastructure (CAI). CAI helps organizations more accurately measure greenhouse gas emissions, track offsets and report on non-financial factors to investors, lenders, and tenants following industry standards and frameworks such as SASB, TCFD, GRI, and others.
“Real estate owners and operators are under immense pressure to assess the impact of different climate risks on their assets, improve tenant experience and report progress toward emissions reduction goals to stakeholders,” said Arun Ghosh, KPMG One Americas blockchain and cryptoassets leader. “A CBRS network can provide the fault tolerant, local 5G backbone to enable KPMG Climate Accounting Infrastructure to capture highly granular data, powered by Nantum, to derive the trusted insights needed to measure progress toward net-zero by accounting for decarbonization and the transition to renewable energy.”
The CBRS network at 345 Park was built as an Open RAN solution and designed with the infrastructure to meet future demands including 5G software-upgradable radios.