STOCK TITAN

SILVERSTEIN INTRODUCES RESIDENT KEYS IN APPLE WALLET

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)
Tags

Silverstein Properties has launched resident keys in Apple Wallet at Silver Towers (606 West 42nd Street) in New York City, allowing residents to access their building, apartments, and amenities using iPhone or Apple Watch. The initiative, implemented in partnership with SwiftConnect, Allegion, and Kastle, eliminates the need for physical keys.

The system works through Silverstein's Inspire app using SwiftConnect's AccessCloud platform. Features include Express Mode for quick access without unlocking devices and Power Reserve for low-battery situations. The technology emphasizes security and privacy, with encrypted data protected against tampering. This implementation is part of Silverstein's Inspire program, which focuses on enhancing customer experience through hospitality services, programming, and workplace technology.

Silverstein Properties ha lanciato le chiavi residenziali in Apple Wallet presso Silver Towers (606 West 42nd Street) a New York City, consentendo ai residenti di accedere al loro edificio, appartamenti e servizi utilizzando iPhone o Apple Watch. L'iniziativa, realizzata in collaborazione con SwiftConnect, Allegion e Kastle, elimina la necessità di chiavi fisiche.

Il sistema funziona tramite l'app Inspire di Silverstein utilizzando la piattaforma AccessCloud di SwiftConnect. Le funzionalità includono la Modalità Espressa per un accesso rapido senza sbloccare i dispositivi e la Riserva di Energia per situazioni di batteria scarica. La tecnologia sottolinea la sicurezza e la privacy, con dati crittografati protetti da manomissioni. Questa implementazione fa parte del programma Inspire di Silverstein, che si concentra sul miglioramento dell'esperienza cliente attraverso servizi di ospitalità, programmazione e tecnologia per il lavoro.

Silverstein Properties ha lanzado llaves residenciales en Apple Wallet en Silver Towers (606 West 42nd Street) en la ciudad de Nueva York, permitiendo a los residentes acceder a su edificio, apartamentos y comodidades usando un iPhone o Apple Watch. La iniciativa, implementada en asociación con SwiftConnect, Allegion y Kastle, elimina la necesidad de llaves físicas.

El sistema funciona a través de la app Inspire de Silverstein utilizando la plataforma AccessCloud de SwiftConnect. Las características incluyen Modo Expreso para un acceso rápido sin desbloquear dispositivos y Reserva de Energía para situaciones de batería baja. La tecnología enfatiza la seguridad y la privacidad, con datos cifrados protegidos contra manipulaciones. Esta implementación es parte del programa Inspire de Silverstein, que se centra en mejorar la experiencia del cliente a través de servicios de hospitalidad, programación y tecnología laboral.

실버스타인 프로퍼티스는 뉴욕시의 실버 타워(606 West 42nd Street)에서 Apple Wallet에 거주자 키를 출시하여 거주자가 iPhone이나 Apple Watch를 사용하여 건물, 아파트 및 편의 시설에 접근할 수 있도록 했습니다. 이 이니셔티브는 SwiftConnect, Allegion, Kastle와의 파트너십으로 구현되었습니다. 물리적 키가 필요 없습니다.

시스템은 SwiftConnect의 AccessCloud 플랫폼을 사용하여 Silverstein의 Inspire 앱을 통해 작동합니다. 기능에는 기기를 잠금 해제하지 않고 빠르게 접근할 수 있는 익스프레스 모드와 저전력 상황을 위한 전원 리저브가 포함됩니다. 이 기술은 보안 및 개인 정보 보호를 강조하며, 데이터는 암호화되어 변조로부터 보호됩니다. 이 구현은 Silverstein의 Inspire 프로그램의 일환으로, 고객 경험을 향상시키기 위한 서비스, 프로그래밍 및 업무 기술에 중점을 두고 있습니다.

Silverstein Properties a lancé des clés résidentielles dans Apple Wallet aux Silver Towers (606 West 42nd Street) à New York, permettant aux résidents d'accéder à leur bâtiment, appartements et commodités en utilisant un iPhone ou une Apple Watch. L'initiative, mise en œuvre en partenariat avec SwiftConnect, Allegion et Kastle, élimine le besoin de clés physiques.

Le système fonctionne via l'application Inspire de Silverstein utilisant la plateforme AccessCloud de SwiftConnect. Les fonctionnalités incluent le mode express pour un accès rapide sans déverrouiller les appareils et la réserve d'énergie pour les situations de batterie faible. La technologie met l'accent sur la sécurité et la confidentialité, avec des données cryptées protégées contre la falsification. Cette mise en œuvre fait partie du programme Inspire de Silverstein, qui se concentre sur l'amélioration de l'expérience client à travers des services d'hospitalité, des programmations et des technologies de travail.

Silverstein Properties hat in den Silver Towers (606 West 42nd Street) in New York City Resident Keys in Apple Wallet eingeführt, sodass die Bewohner mit iPhone oder Apple Watch auf ihr Gebäude, ihre Apartments und Annehmlichkeiten zugreifen können. Die Initiative, die in Zusammenarbeit mit SwiftConnect, Allegion und Kastle umgesetzt wurde, beseitigt die Notwendigkeit physischer Schlüssel.

Das System funktioniert über die Inspire-App von Silverstein unter Verwendung der AccessCloud-Plattform von SwiftConnect. Zu den Funktionen gehören der Expressmodus für schnellen Zugriff ohne Entsperren der Geräte sowie die Energiereserve für Situationen mit leerem Akku. Die Technologie legt Wert auf Sicherheit und Datenschutz, wobei die Daten verschlüsselt und gegen Manipulationen geschützt sind. Diese Implementierung ist Teil des Inspire-Programms von Silverstein, das darauf abzielt, das Kundenerlebnis durch Hospitality-Services, Programmierung und Arbeitsplatztechnologie zu verbessern.

Positive
  • Implementation of innovative digital access technology enhancing resident experience
  • Integration with existing Apple Wallet ecosystem increases convenience and adoption potential
  • Enhanced security features with encrypted data protection
  • System works even with low battery through Power Reserve feature
Negative
  • None.

Insights

The integration of resident keys in Apple Wallet at Silver Towers represents a significant technological advancement in residential access control. The implementation combines NFC technology, mobile credentials and enterprise-grade security systems from multiple vendors including Allegion's Schlage locks and Kastle's access control platform. The Express Mode and Power Reserve features address critical user experience concerns, ensuring functionality even with a depleted battery.

From a technical perspective, the multi-vendor integration through SwiftConnect's AccessCloud platform demonstrates sophisticated API orchestration and secure credential management. This deployment showcases how enterprise-level access control technology, typically reserved for commercial buildings, is being adapted for residential use, potentially setting a new standard for smart apartment security infrastructure.

This development signals a strategic pivot in the multi-family housing market towards digital transformation. While the immediate financial impact on Allegion (ALLE) is modest, the broader implications for the access control market are noteworthy. The residential access control market is projected to grow significantly, with smart locks expected to reach $8.13 billion by 2028.

The partnership positions Allegion favorably in the high-end residential market, particularly as property developers seek to differentiate through technology amenities. However, the competitive landscape is intensifying with similar solutions from dormakaba and ASSA ABLOY. The real value proposition lies in the ecosystem integration rather than hardware alone, suggesting a need for Allegion to continue strengthening its software and integration capabilities to maintain market position.

All residents at 606 West 42nd Street, a multi-family housing location in New York City, are able to access the building, their units, and amenities with a simple tap of an iPhone or Apple Watch

NEW YORK, Dec. 18, 2024 /PRNewswire/ -- Silverstein Properties, a leading real estate development, investment, and management firm, and its partners SwiftConnect, Allegion, and Kastle, today announced they are live with resident keys in Apple Wallet for all apartment units at a multi-family housing location: Silverstein's Silver Towers residential property at 606 West 42nd Street in New York City.

Silverstein's residential tenants now have an easy and secure way to add a resident key to Apple Wallet to access the apartment building and unlock their homes with a simple tap of an iPhone or Apple Watch—thus eliminating the need to use a traditional, physical key.

"We're excited to make it easy for our residents to use their resident key in Apple Wallet to get into their buildings, homes, and common areas, which builds upon our previous offering to office tenants who use their employee badge in Apple Wallet to access offices and shared spaces including lounges, cafes, conference facilities, and yoga studios," said Tal Kerret, President of Silverstein Properties.

The rollout of keys in Apple Wallet marks an important milestone for the U.S. real estate industry, as property owners and employers reimagine the home and workplace experience for residents, office tenants, and employees.

"The Silver Towers project builds on SwiftConnect's success in delivering seamless access via NFC wallets across the most iconic commercial real estate properties in New York and beyond," said Matt Kopel, co-CEO and President of SwiftConnect. "We are excited to once again partner with Silverstein Properties and to extend our leadership into the multi-family housing market. Now, residents can easily access their personal spaces with their iPhone and Apple Watch, and property teams are able to enhance security for their residents—while also automating the process of managing keys and access."

To provide residential tenants with this experience, SwiftConnect integrates with the Kastle Access Control platform; Schlage® mobile credentials; and access control devices from Allegion™, as well as all other necessary business platforms and systems to create a unified digital network for hassle-free mobile access.

"Kastle is thrilled to be a partner on the Silver Tower project, leveraging Kastle's robust and proven access-control products to create a modern access-control solution that delivers an unparalleled experience both property owners and residents can trust," said Haniel Lynn, CEO of Kastle.

"We are excited to work with SwiftConnect and play an important role in Silver Tower's resident key in Apple Wallet multifamily housing deployment," said Mark Casey, Vice President National Electronic Sales of Allegion. "Resident Keys in Apple Wallet—alongside our Schlage mobile credentials and Schlage mobile-enabled wireless locks—not only enhances security and convenience for residents, but also exemplifies our commitment to driving the future of seamless access and smart apartment technology."

How seamless access works at Silver Towers: 

  • Tenants can add their resident key to Apple Wallet after an initial set-up through Silverstein's Inspire app, using SwiftConnect's AccessCloud platform. Once added, tenants can hold their iPhone or Apple Watch near a door reader or smart lock for seamless access to the apartment building, their home, and shared fitness and amenity spaces. 
  • With Express Mode, tenants don't need to wake or unlock their device to use their resident key—they can simply hold their device near a reader and go. If an iPhone needs to be charged, they can still use their device to access their apartment and amenity spaces with Power Reserve. 
  • Resident key in Apple Wallet takes full advantage of the privacy and security features already built into iPhone and Apple Watch. Data is encrypted and protected against tampering and theft, and Apple cannot see when and where a resident uses a home key in Wallet. 

The new offering falls under Inspire, Silverstein's holistic customer experience program that reshapes how, when, and where the company's customers live and work. Inspire brings hospitality services, social and wellness programming, data-driven workplace technology, and a flexible workspace solution under one umbrella.

Since its inception 67 years ago, Silverstein Properties has been recognized for driving innovative technology adoption to enhance tenant experience. The company has built a reputation for developing exceptional projects, enhancing local communities, providing outstanding services to customers and partners, and driving innovation within the industry. LINK TO PHOTOS: https://silversteinprop.canto.com/b/IKAA1.

About Silverstein Properties
Silverstein Properties is a privately held, full-service real estate development, investment and management firm based in New York. Founded in 1957 by Chairman Larry Silverstein, the company has developed, owned, and managed more than 40 million square feet of commercial, residential, retail, and hotel space. Recent projects include 7 World Trade Center, the first LEED-certified office tower in New York City (2006); 4 World Trade Center (2013); Four Seasons Walt Disney Resort (2014); the Four Seasons Downtown and 30 Park Place (2016); One West End (2017); and 3 World Trade Center (2018). For further information on Silverstein Properties, please visit www.silversteinproperties.com and www.inspireyourday.com.

About SwiftConnect
SwiftConnect is the leading provider of connected access enablement. We delight users with elegant ways to interact with places, spaces, and things by ensuring your digital pass is on your phone, watch, or anywhere it needs to be. Powering connected access experiences for commercial real estate owners and enterprises across financial and professional services, life sciences, technology, and other leading organizations, our platform integrates with existing mobile platforms, credential technologies, and business systems to provide authorized access to everything, everywhere through centralized access management. We provide a street-to-seat journey that users love, automation that redefines operational efficiency, and a foundation of security and privacy that administrators trust so you can navigate your world better. For more information, visit. www.swiftconnect.com and follow us on LinkedIn.

About Allegion
Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. For more, visit www.allegion.com.

About Kastle
Kastle has been leading the property technology industry since 1972 with advanced solutions and services, protecting commercial real estate, multifamily residential, global enterprises, educational institutions, and critical government facilities from design and installation to ongoing monitoring and maintenance. Kastle delivers state-of-the-art solutions that include access control, video surveillance, visitor management, and identity management, as well as a suite of mobile security applications, all integrated on an open, standards-based platform and supported by a team of experts 24x7. Headquartered in Falls Church, Virginia, Kastle is a 2023 CREtech Real Estate Technology Award (RETAS) Grand Prize recipient.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/silverstein-introduces-resident-keys-in-apple-wallet-302335352.html

SOURCE Silverstein Properties

FAQ

How does the resident key in Apple Wallet work at Silver Towers?

Residents can add their key to Apple Wallet through Silverstein's Inspire app. They can then access their building, apartment, and amenities by holding their iPhone or Apple Watch near a door reader or smart lock.

What security features are included in the Silver Towers Apple Wallet key system?

The system includes encrypted data protection against tampering and theft. Apple cannot see when and where residents use their home key, and the system leverages iPhone and Apple Watch's built-in security features.

What happens if my iPhone battery dies when using the Silver Towers digital key?

The system includes Power Reserve functionality, allowing residents to still access their apartment and amenity spaces even when their iPhone needs charging.

Which companies partnered with Silverstein Properties for this digital key implementation?

Silverstein Properties partnered with SwiftConnect, Allegion, and Kastle to implement the resident keys in Apple Wallet system.

Allegion Public Limited Company

NYSE:ALLE

ALLE Rankings

ALLE Latest News

ALLE Stock Data

11.36B
86.73M
0.2%
96.35%
1.81%
Security & Protection Services
Services-detective, Guard & Armored Car Services
Link
United States of America
DUBLIN 2