Nickel Developments Selects View Smart Windows for Large-Scale Residential Tower in St. Catharines, Ontario

Rhea-AI Summary

View, Inc. (NASDAQ: VIEW) announced that its Smart Windows will be used in Carlisle Square, a significant residential project in St. Catharines, Ontario. The 200,000-square-foot development features 228 residential units and aims to enhance the area's reputation for wellness and sustainability. View's Smart Windows utilize AI to control heat and glare, improving natural light access and reducing energy consumption by up to 20%. Studies indicate that such windows can positively impact residents' health, contributing to better sleep, reduced anxiety, and stress levels.

Positive

• View's Smart Windows will be featured in the 200,000-square-foot Carlisle Square project, showcasing the application of innovative technology in residential buildings.
• The project is expected to significantly enhance energy efficiency, with potential reductions in energy consumption by as much as 20%.
• Studies show that View Smart Windows lead to improved health outcomes for residents, including better sleep and reduced anxiety.
• The collaboration with Nickel Developments may pave the way for future projects, expanding View's market presence.

Negative

• None.

TORONTO and ST. CATHARINES, Ontario, Oct. 07, 2021 (GLOBE NEWSWIRE) -- View, Inc. (NASDAQ: VIEW) (“View”), the leader in smart building technologies, announced its Smart Windows will enclose Carlisle Square, a new large-scale residential development situated in the Downtown core of St. Catharines, Ontario. Built by Nickel Developments, Ltd, the 200,000-square-foot, 18-storey tower boasts 228 residential units, a grocery store, and other accompanying boutique shops, and will help to elevate St. Catharines’ status as a leader in wellness and sustainability.

“With Carlisle Square, we wanted to encompass the vibrancy that people recognize when they think about the Niagara region,” said Nick Atalick, President of Nickel Developments. “Being in the heart of Niagara, surrounded by green landscape, it doesn’t make sense to cover the scenery with blinds when there is a superior technology that lets us harness those views to improve the health of our residents, while conserving energy. We are thrilled to have discovered View.”

View Smart Windows use artificial intelligence to automatically adjust to control heat and eliminate glare, increasing access to natural light and reducing energy consumption from lighting and HVAC by as much as 20%. The windows will provide residents, patrons, and employees at Carlisle Square with continuous views of Twelve Mile Creek, Lake Ontario, and the Welland Canal.

Multiple studies have shown that access to daylight dramatically improves cognitive function and that clear, unobstructed views of green landscape can have a healing effect and positive impact on health and well-being. A recent study found that residents living in buildings with View Smart Windows slept 16 minutes more and experienced 11% less anxiety and 9% less stress compared to those in homes with traditional windows and blinds. These findings were particularly important to Nickel Developments, which built Carlisle Square with both retirees and working professionals in mind.

“View is working toward a future where all buildings are healthy buildings,” said Guthrie Cox, View Inc.’s President, Canada. “We’re thrilled to work with Nickel Developments to bring the benefits of View Smart Windows to residents of Carlisle Square.”

Residents of Carlisle Square will be able to customize the behavior of their View Smart Windows based on personal preferences through an easy-to-use mobile app. The app allows residents to customize tinting schedules for each room in their home and to tint specific windows on-demand.

Carlisle Square offers affordable downtown units and quick access to public transit.

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 while improving thermal comfort. 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 more than 92 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 Nickel Developments
Nick Atalick of Nickel Developments has been developing offices, plazas, and residential apartments and condominiums for the past 38 years. His most notable projects include the 1 St. Paul St., St. Catharines Office, Port Plaza in Port Dalhousie, the Meadowvale Green Condominiums, and the Carlisle Suites Apartments. Nickel Developments is the developer of Carlisle Square, a $90 million, 228-unit, purpose-built luxury rental building in Downtown St. Catharines.

Contacts:

Nickel Developments:
Nick Atalick
Nickel Developments
carlislesuites@outlook.com
905-401-3584

View:

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/5313a429-8fb9-4a80-8938-f0639a6e3752

 

FAQ

What is the significance of View Inc.'s Smart Windows in the Carlisle Square project?

View Inc.'s Smart Windows will enhance energy efficiency and improve residents' health by providing better access to natural light.

How much energy can View Smart Windows potentially save?

View Smart Windows can reduce energy consumption from lighting and HVAC by as much as 20%.

What health benefits are associated with View Smart Windows?

Residents using View Smart Windows have reported improvements in sleep quality, reduced anxiety, and lower stress levels.

When was the Carlisle Square project announced?

The Carlisle Square project was announced on October 7, 2021.

Where is the Carlisle Square residential development located?

Carlisle Square is located in the downtown core of St. Catharines, Ontario.