RXR selects View Smart Windows for Hamilton Green Mixed-Use Project in White Plains, NY; Development Features Largest View Multifamily Installation to Date
March 27 2023 - 7:00AM
View, Inc. (Nasdaq: VIEW) (“View”), the leader in smart building
technologies, announced its Smart Windows will enclose the Phase I
buildings of Hamilton Green, a large-scale, mixed-use property
being developed by RXR, located in White Plains, NY.
View Smart Windows will be included in every apartment unit as
well as the project’s amenity spaces. With 185,000 SF of smart
glass across 470 residential units, the installation represents
View’s largest multifamily project to date.
The transit-oriented project is at the former site of the White
Plains Mall near the newly renovated White Plains Metro North Train
Station. Phase I development includes two towers, one, located at 7
Cottage Place, will be 12 stories with 162 apartment units, and the
other, located at 240 Hamilton Avenue, will be 25 stories with 308
apartment units. Hamilton Green will also feature 27,000 SF of
commercial space and extensive amenity areas. The project is
expected to be completed in 2025.
View Smart Windows automatically adjust in response to the sun
to maximize access to natural light and views of the outdoors while
minimizing heat and glare. As a result, View Smart Windows reduce a
building’s energy consumption by regulating heat and increasing
natural light. Residents experience several health benefits and
improved comfort. Research shows that occupants in buildings with
View Smart Windows enjoy a reduction in eyestrain and headaches by
over 50 percent, improved sleep by over 30 minutes per night, and
increased cognitive function by 42 percent.
View Smart Windows qualify for the Investment Tax Credit (ITC),
a 30% to 50% federal tax credit intended to drive widespread
adoption of smart windows. The ITC has been foundational to
accelerating the deployment of sustainability technologies in the
U.S., particularly wind and solar. As a tax credit, the ITC
provides a dollar-for-dollar reduction in tax liability for an
entity that installs smart windows. Including smart windows in
the ITC is a game-changer for developers who are building smart,
sustainable, and differentiated assets.
“We released several exciting new features on the View Smart
Window platform that elevate the residential user experience,”
noted Dr. Rao Mulpuri, CEO of View. “Residents continue to seek
differentiated assets that offer high-end amenities with unique
experiences, and RXR is at the forefront of this generational
change as exhibited with the Hamilton Green development. We are
pleased to be a part of this project, our largest residential
installation to date, as View continues its national expansion
throughout the multifamily sector.”
Scott Rechler, Chairman and CEO of RXR, stated, “We are excited
to incorporate View Smart Windows in the Hamilton Green
Project, creating an exceptional resident experience
with dramatically enhanced views and improved
health and wellness. View Smart Windows also boost
sustainability of the property, making Hamilton Green a
stand-out across the broader region.”
The View Smart Windows installation at Hamilton Green is the
latest showcase of the company’s rapid growth in the New York
residential market, joining the 4650 Broadway and Sven multifamily
projects; the Parque Kirkland in Seattle, WA; Exo in Reston, VA;
and Bower in Boston, MA.
About ViewView is the leader in smart building
platforms and smart windows that transform buildings to improve
human health and experience, reduce energy consumption and carbon
emissions, and generate additional revenue for building owners.
View Smart Windows use artificial intelligence to automatically
adjust in response to the sun, eliminating the need for blinds and
increasing access to natural light. Every View installation
includes a cloud-connected smart building platform that can easily
be extended to improve indoor cellular coverage, enhance building
security and reimagine the occupant experience. View is installed
and designed into 42 million square feet of buildings including
offices, hospitals, airports, educational facilities, hotels and
multi-family residences. For more information, please visit:
www.view.com.
About RXR RXR is an innovative investor,
developer and place-maker committed to applying a customer and
community-centered approach to building properties, services, and
products that create enduring value for all stakeholders.
Headquartered in New York with a national platform strategy, RXR is
a 500+ person, vertically integrated operating and development
company with expertise in a wide array of value creation
activities, including ground up real estate, infrastructure and
industrial development, uncovering value in underperforming
properties, repurposing well-located iconic properties,
incorporating cutting edge technologies and value-added lending.
The RXR platform manages 93 commercial real estate properties and
investments with an aggregate gross asset value of approximately
$20.7 billion, comprising approximately 30.5 million square feet of
commercial properties, a multi-family residential portfolio of
approximately 8,800 units under operation or development, and
control of development rights for an additional approximately 3,500
multi-family and for sale units as of December 31, 2022. Gross
asset value compiled by RXR in accordance with company fair value
measurement policy and is comprised of capital invested by RXR and
its partners, as well as leverage.
Contacts:Great Ink
CommunicationsView@greatink.com 212-741-2977
Deepak ShivaprasadView,
Inc.deepak.shivaprasad@view.com408-691-2081
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b6ccf424-ea51-41f7-a926-a296554d99dd
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