VenHub to Expand Smart Store Deployments Into Multifamily Residential Market; First VenHub Autonomous Retail Store Will Be at Penn Lofts in Bend, Oregon
Key Highlights
- ➤VenHub (VHUB) plans first Smart Store deployment at 59-unit Penn Lofts.
- ➤Penn Lofts Smart Store targets multifamily residential communities as a new deployment channel.
- ➤VenHub expects multifamily residential to become a significant long-term growth opportunity.
- ➤Penn Lofts deployment may serve as a test case for future multifamily expansions.
Expert Statements
Shahan Ohanessian, Founder and CEO of VenHub
“Multifamily residential communities represent a significant growth opportunity for VenHub, and we are seeing increasing demand from developers and property owners who recognize the value of bringing autonomous retail directly into their communities”
Shahan Ohanessian, Founder and CEO of VenHub
“Residents increasingly expect convenience to be built into where they live. Our flexible platform helps owners meet that expectation with a distinctive, highly visible amenity that adds value for residents and helps properties stand out – from smaller communities to larger multifamily developments. Penn Lofts is an ideal first deployment to demonstrate how our technology can be thoughtfully integrated into a community from the beginning.”
LAS VEGAS, Oct. 08, 2026 (GLOBE NEWSWIRE) -- VenHub Global, Inc. (NASDAQ: VHUB) (“VenHub” or the “Company”), a leader in fully autonomous Smart Store technology, today announced plans for the first deployment of its Smart Store autonomous retail platform at Penn Lofts, a new 59-unit multifamily development in Bend, Oregon.
The deployment represents an important expansion of the VenHub Smart Store platform into the multifamily residential market, where the Company is seeing growing demand from developers and property owners seeking new ways to enhance the resident experience and differentiate their communities. By bringing convenient access to everyday products and essentials directly to where people live, VenHub aims to create value for both residents and multifamily owners.
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