See the smart windows selected for the wall 111 renovation
NEW YORK and MILPITAS, Calif., June 18, 2021 (GLOBE NEWSWIRE) – View, Inc. (Nasdaq: VIEW) (“View”), the market leader in smart glass, has announced that its smart windows will be installed at 111 Wall Street, a 25-story, 1.2 million square foot waterfront office tower in Manhattan’s financial district, currently undergoing transformation by Nightingale Properties and Wafra Capital Partners.
Nightingale Properties and Wafra Capital Partners are repositioning 111 Wall Street as a Class A office building in downtown New York City through a redevelopment program that includes a complete exterior renovation and infrastructure overhaul. View Smart Windows, which uses artificial intelligence to optimize natural light and exterior views while minimizing heat and glare, will serve as key equipment to attract tenants focused on comfort and well-being employees in a post-pandemic office environment. View smart windows are designed to make buildings healthier, smarter and more energy efficient, a key differentiator in asset renovations that ultimately benefits the bottom line of the owner.
The new smart windows will provide tenants with unobstructed views of the Manhattan and Brooklyn skyline, New York Harbor and the East River, while reducing the property’s energy consumption. Additionally, the 111 Wall Street facility will include View Immersive Display, which allows tenants to turn their smart windows into high-definition transparent screens for interactive remote collaboration, web browsing, entertainment, and more.
111 Wall Street is also the first property to receive funding under New York City’s recently launched C-PACE program, a funding structure that supports energy efficiency improvements. C-PACE funding will help fund renovations to the building and allow homeowners to comply with the city’s new environmental regulations.
“We are focused on creating a safe and secure workspace that will put returning employees at ease,” said Michael Gontar, chief investment officer at Wafra Capital Partners. “With its many health and wellness benefits, integrating View Smart Windows into the reinvented 111 Wall Street was an obvious choice. “
Smart glass offers significant health benefits by reducing the incidence of eye strain and headaches by over 50%. In a recent study, employees working alongside View Smart Windows improved their sleep by 37 minutes per night and their cognitive functions by 42%. Research also shows that buildings designed to increase access to natural light generate 5-6% higher rents.
“The future of buildings is experiential, sustainable, healthy and smart,” said Dr. Rao Mulpuri, Chairman and CEO of View. “For every new building built, there are over 100 existing buildings and there is a tremendous opportunity to upgrade and reposition these buildings for the 21stst century. View is excited to help Nightingale Properties and Wafra Capital Partners reposition 111 Wall Street.
The conveniently located 111 Wall Street, which was previously fully leased to Citigroup and known as the Citibank Building, occupies an entire block between Wall Street and Gouverneur Lane and is adjacent to Wall Street / Pier 11, as well as many subway lines and the Wall Street helipad. Further renovations to the property include a new curtain wall, floor-to-ceiling windows, a refurbished lobby and other amenities including a 125-seat conference center, event space, bicycle and scooter charging room, and a fitness center. fitness known as 111 GOOD. Architecture Studios is overseeing the 111 Wall Street redesign and Hunter Roberts is handling the construction and renovation.
About the view
View is a smart building platform company and the market leader in dynamic windows. View windows use artificial intelligence to automatically adapt in response to the sun and increase access to natural light, acting as a digital skin for smart buildings that improve occupant health and reduce energy consumption to mitigate the effects of climate change. Each View facility includes a cloud-connected smart building platform that enables breakthrough applications to optimize building temperature and air quality, provide superior indoor cell coverage, improve building security and facilitate collaboration. View is designed in 75 million square feet of buildings including offices, hospitals, airports, educational institutions, hotels and multi-family residences. For more information, please visit: www.view.com.
About Nightingale Properties
Led by CEO Elie Schwartz, Nightingale Properties pursues real estate investments across the entire capital stack and covering all risk-return profiles, geographies, asset classes, holding periods, size of assets. transactions and development potential. Nightingale is regarded in the industry as one of the most agile, creative and operational institutional owner-operators. By leveraging its vertically integrated and white glove property management, asset management, construction and development management divisions, Nightingale creates value in its properties and for its joint ventures and institutional partners.
About Wafra Capital Partners
Wafra Capital Partners (“WCP”), a New York-based investment management firm, manages or advises funds and accounts (primarily on a Shariah-compliant basis) that specialize in asset-based finance and real estate investments. WCP has extensive experience in the areas of real estate and real estate debt, structured finance, risk debt, equipment leasing and financing, transportation finance and other specialized financial transactions. , and his team has been operating in these fields since 1999.
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