Lyft Signs Lease To Open New D.C. Office On Pennsylvania Avenue (3-4-19)

Courtesy of Columbia Property Trust, Credit: David Madison Photography The Market Square mixed-use complex at 701 and 801 Pennsylvania Ave. NW

As Lyft makes waves on Wall Street with the filing of its initial public offering, the ride-sharing company is also making a splash on D.C.’s iconic Pennsylvania Avenue.

Lyft signed a lease in recent weeks at Market Square, a two-building mixed-use complex at 701 and 801 Pennsylvania Avenue, a Columbia Property Trust spokesperson tells Bisnow.

Read Full Story Here (via BisNow)

Carpocalypse Now: Lyft’s Founders Are Right — We’re Already In The Endgame For Cars

The founders of the ride-sharing app Lyft filed their IPO papers last week, and their vision for the company is dramatic. Lyft (which works a bit like Uber) is not just about getting you from A to B, they say. Rather, founders Logan Green and John Zimmer believe that car ownership is in permanent decline and they want to help it die, they write in their S-1 filing.

“We believe that the world is at the beginning of a shift away from car ownership to Transportation-as-a-Service, or TaaS. Lyft is at the forefront of this massive societal change,” they told investors. “Car ownership has … economically burdened consumers. US households spend more on transportation than on any expenditure other than housing. … On a per household basis, the average annual spend on transportation is over $9,500, with the substantial majority spent on car ownership and operation.”

Cars create “inequality,” they argue. “The average cost of a new vehicle in the United States has increased to over $33,000, which most American households cannot afford,” the IPO says. “We estimate over 300,000 Lyft riders have given up their personal cars because of Lyft.”

They may be right.

Read Full Story Here (via MSN)

What’s More Popular Than Uber? Shockingly, Jump Bikes (2-25-19)

When Uber introduced its new Jump bikes in Sacramento last spring, officials figured the flashy red bikes would be a popular complement to their main rideshare auto service, given the capital city’s good weather, flat terrain and general pro-cycling mentality.

But how popular? The answer came as a surprise even to Uber.

An October study found more Sacramentans were renting Jump bikes than using Uber’s car service by a 53 percent to 47 percent margin. That makes Sacramento the first of 16 Uber cities that have both bike and car service where the bikes are more popular, company officials said.

Read Full Story Here (via The Sacramento Bee)

D.C. Wants To Make Clear To Drivers That Bike Lanes Aren’t For Parking, Idling Or Loading (2-21-19)

“They are being very clear that the bike lanes are there for people who are biking.”

D.C. Council members Elissa Silverman, right, and Charles Allen demonstrate the usage of the dockless bike system Mobike on Sept. 15, 2017. (Astrid Riecken for The Washington Post)

he District Department of Transportation wants to make clear to drivers that the city’s bike lanes are not to be used for parking, or to pick up or drop off passengers; it also wants to leave no doubt about the rules for traffic enforcement officers.

Chiefly, they say, the lanes are for bike riders. Vehicles are not allowed to enter the lanes unless safely turning at an intersection, into a driveway or alley, or entering a legal parking space.

That means drivers are not allowed to move into the lanes to avoid conflict with other traffic. Taxis, Ubers and Lyfts are not permitted to pick up or drop off passengers there either. Commercial trucks should look elsewhere to load or unload merchandise.

Motor vehicles are allowed to stop in a bike lane only when necessary to enter a legal parking space or to follow the directions of a police officer, according to proposed revisions to existing city regulations.

Read Full Story Here (via The Washington Post)

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