Chicago-based Hubbard Street Group (HSG) has partnered with scooter-sharing company Spin to establish a drop-off/pick-up point at The Field’s Lofts, HSG’s new 123-unit loft-style rental community near Chicago’s Logan Square neighborhood.
Spin, a subsidiary of Ford Motor Company, is one of 10 companies participating in Chicago’s four-month pilot program, running through Oct. 15, across 50 square miles on the west, northwest and southwest sides of the city.
“We wanted to be a pioneer and partner with Spin to locate scooters at The Field’s Lofts,” said John McLinden, a Managing Partner at HSG. “The scooters are a great addition to our project in that they allow our residents to travel from their homes to the Blue Line and Logan Square in five minutes. On the first weekday the Spin scooters were available, they were gone by 8 a.m., showing the demand for low-cost, easy-to-access transit. We’ve already requested double the number of scooters.”
For the first two weeks, residents of The Field’s Lofts were offered a $7 voucher. The scooters, which are housed on the property’s surface lot, cost $1 to unlock and 15 cents per minute of use. Spin picks up the scooters wherever they’re parked around the city every evening and return them to The Field’s Lofts the next morning.
An estimated 46 percent of car trips in urban areas are less than 3 miles, and micromobility options such as e-scooters and bikes are often more convenient and affordable than taxis, public transportation or walking, according to Cushman & Wakefield’s “Mobility Shifts in Commercial Real Estate” report. Since 2017, e-scooters have already captured a 3.8 percent market share in the markets where they operate, disrupting ride-hailing services for short trips, according to the report.