Arden Group (“Arden”), a leading U.S. middle-market real estate fund manager, and View, Inc. (Nasdaq: VIEW) (“View”), the leader in smart building platforms and smart windows, announced that 4650 Broadway, the new 20-story mixed-use building under development in the Inwood section of Manhattan, will feature View Smart Windows.
The new property, which spans 351,000 square feet, will include 222 residential units upon
completion, in addition to 120,000 square feet of commercial and community spaces. View
Smart Windows are being installed throughout the building as a premium amenity for its
tenants, supporting Arden’s commitment to ESG initiatives and tenant wellbeing.
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, residents experience several health advantages and improved comfort. Research shows that occupants at buildings with View Smart Windows enjoy more than a 50 percent reduction in eyestrain and headaches, improved sleep by over 30 minutes per night, and increased cognitive function by 42 percent. In addition, View Smart Windows reduce a building’s energy consumption by blocking heat.
“Arden is proud to offer our residents an elevated and differentiated living experience by
incorporating View Smart Windows at our new 4650 Broadway property,” said Craig A. Spencer, Chairman and CEO of Arden Group. “Partnering with View further supports our commitment to comprehensive ESG-focused principals and initiatives, and also allows us to create a sustainable and intelligent building that offers incredible park and city views, while improving tenants’ overall health and wellness.”
“Forward-thinking developers like Arden are recognizing that View’s smart building technology attract residential tenants and transform the occupant experience,” added Dr. Rao Mulpuri, CEO of View. “Our expansion into the multifamily sector continues to grow, particularly in a post-pandemic market, where amenities that promote tenant wellness are more important than ever. This new project with Arden also indicates that the Investment Tax Credit (ITC) is driving the adoption of smart windows.”
The 4650 Broadway development is located at the intersection of Sherman Avenue and
Broadway in the Inwood section of Manhattan, directly across from Fort Tryon Park. Handel
Architects designed the 260-foot-tall project, which is their second project with View Smart
Windows. The project will be fully occupied in 2025.
4650 Broadway joins the growing number of View Smart Windows’ multi-family properties,
which include Parque Kirkland in Seattle, Washington; Exo in Reston, VA; Bower in Boston, MA; and Sven in Queens, NY.
