Healthpeak Properties Selects View Smart Windows for Second Large-Scale Development in San Diego

Rhea-AI Summary

View, Inc. (NASDAQ: VIEW) announces the installation of its Smart Windows at the new Callan Ridge life science campus in San Diego, developed by Healthpeak Properties. This Class-A campus spans 185,000 square feet and is fully leased by Turning Point Therapeutics. View Smart Windows, which utilize AI for sunlight adjustment, will enhance the workspace by improving health and productivity, as demonstrated in a recent study showing reduced headaches and longer sleep for employees. This project follows a previous installation at The Boardwalk and strengthens the partnership between View and Healthpeak.

Positive

• View's Smart Windows will be featured in a newly developed Callan Ridge campus, enhancing its market presence.
• The entire 185,000 square feet of Callan Ridge is pre-leased to Turning Point Therapeutics, ensuring stable revenue.
• The installation of smart windows enhances employee well-being, as evidenced by a study linking them to reduced headaches and better sleep.

Negative

• None.

Callan Ridge Life Science development follows The Boardwalk campus installation in 2020

SAN DIEGO and MILPITAS, Calif., Sept. 16, 2021 (GLOBE NEWSWIRE) -- View, Inc. (NASDAQ: VIEW) (“View”), the leader in smart building technologies, announced its Smart Windows will be installed at the Callan Ridge campus, a new life science project under development by Healthpeak Properties (Healthpeak), a publicly traded national REIT, in the Torrey Pines submarket of San Diego. Callan Ridge represents Healthpeak's second life science development to feature View Smart Windows, following the campus-wide installation at The Boardwalk, a Class-A lab and creative office project that delivered this summer.

Located at 3020-3030 Callan Road in the heart of the Torrey Pines Science Park, Callan Ridge will be a Class-A, two-building campus totaling 185,000 square feet and is 100% pre-leased to Turning Point Therapeutics, a precision oncology company developing next-generation therapies that target genetic drivers of cancer. View Smart Windows will be installed throughout Callan Ridge, providing a healthier and more sustainable environment for the innovators working on tomorrow’s lifesaving science and research. The development will feature stunning architecture and unobstructed coastal and canyon views visible through View Smart Windows.

“At Healthpeak, we strive to create environments that enable breakthrough life science innovation,” said Mike Dorris, Senior VP and Co-Head of Life Science for Healthpeak. “Our deepening partnership with View aligns directly with that goal. View Smart Windows are a game changing amenity that set us apart and had a meaningful impact on Turning Point Therapeutics’ decision to lease the entire Callan Ridge campus.”

View Smart Windows use artificial intelligence to automatically adjust in response to the sun, eliminating the need for blinds while controlling temperature and glare. This is especially valuable in life science buildings and labs, where sterile work environments and alert, healthy scientists are critical to success. Blinds act as a reservoir for dust and germs that can contaminate sensitive materials and block blue wavelength sunlight that disinfects surfaces. View Smart Windows eliminate these concerns, while also providing privacy to protect intellectual property and enabling a wider variety of workspace configurations, including those with workstations directly in front of the windows.

View Smart Windows also provide significant health benefits for life science workers. In a recent study, employees working next to View Smart Windows experienced half as many headaches and slept 37 minutes longer each night.

“The connection between buildings and human health is undeniable,” adds Jacqueline Davis, Regional Vice President at View. “Companies around the world are realizing the outsized impact that their choice in windows can have on employee wellbeing and productivity. We’re thrilled to deepen our partnership with Healthpeak and deliver better outcomes for their tenants.”

Michael Wilson, Senior Project Architect with Ferguson Pape Baldwin Architects who oversaw the design of both Callan Ridge and The Boardwalk for Healthpeak added, “View Smart Windows enhance the thoughtful layout of the Callan Ridge campus with unobstructed views of the outdoors. They also improve the indoor aesthetic by helping to keep the interior clean and uncluttered.”

Healthpeak was represented by Project Management Advisors (PMA) in the development of Callan Ridge. Healthpeak is a pioneer in San Diego life science real estate with a track record of serving life science tenants for nearly 20 years.

About View
View is the leader in smart building technologies 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 75 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 Healthpeak
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns and develops high-quality real estate in the three private-pay healthcare asset classes of Life Science, Medical Office and CCRCs. At Healthpeak, we pair our deep understanding of the healthcare real estate market with a strong vision for long-term growth. For more information, please visit www.healthpeak.com.

About Ferguson Pape Baldwin Architects
Ferguson Pape Baldwin Architects Inc. (FPBA) is an architectural, interior design and planning firm with particular expertise in the life science, advanced technology, community, higher education, and animal care industries. With offices in San Diego and San Francisco, FPBA has executed the design of life science projects from research labs to full-scale manufacturing totaling more than 11 million square feet.

Contacts:
For Investors: 
Samuel Meehan
View, Inc.
IR@View.com
408-493-1358

For Media: 
Tom Nolan
Great Ink Communications
tom@greatink.com
908-392-0333

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/43f3640c-5c8f-4bea-8b6a-e1b7dfe2dcfe

FAQ

What are the features of View's Smart Windows installed at Callan Ridge?

View's Smart Windows use artificial intelligence to adjust to sunlight, eliminating blinds, and improving temperature and glare control.

When was the Callan Ridge life science campus project announced?

The project was announced on September 16, 2021.

What is the purpose of installing View's Smart Windows at the Callan Ridge campus?

The purpose is to create a healthier and more sustainable environment for life science workers, enhancing their productivity and well-being.

Who is the primary tenant of the Callan Ridge campus?

Turning Point Therapeutics, a precision oncology company, is the primary tenant, having pre-leased the entire campus.

What is the significance of the partnership between View and Healthpeak Properties?

The partnership aims to advance life science innovation by providing state-of-the-art building technologies that enhance work environments.