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Saturday, December 9, 2023

The Rally For View Inc. Seems To Be Continuing

The shares of View, Inc. (NASDAQ: VIEW) are experiencing an upward trajectory, marking a 2.89% increase to $2.67 in the latest market check. Notably, VIEW stock had closed the preceding session with a substantial surge of 30.40%, reaching $2.60 subsequent to the disclosure of its financial results. The ongoing upswing in VIEW stock appears to be associated with a notable collaboration disclosed today.

View Inc. (VIEW) has officially communicated that its Smart Windows will envelop 89 Dekalb Avenue, a 324-unit multifamily development by RXR in Brooklyn, New York. This collaboration marks VIEW’s second venture into multifamily projects with RXR, following the successful partnership on Hamilton Green, a mixed-use development in White Plains, New York, spanning 684,000 square feet and featuring 477 residential units.

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Initiating construction in November 2023, 89 Dekalb Avenue is establishing a new benchmark for sustainable living, being one of Brooklyn’s pioneering all-electric residential buildings. Beyond its commitment to sustainability, 89 Dekalb Avenue is designed to enhance the urban living experience, offering 15,000 square feet of state-of-the-art amenity space and hosting academic and office areas for Long Island University.

The integration of VIEW Smart Windows across the entire building envelope signifies a significant technological advancement. These windows automatically adapt tint levels to optimize natural light, thermal comfort, and panoramic views for residents. Consequently, inhabitants of 89 Dekalb Avenue are poised to enjoy tangible health benefits, with studies indicating a reduction of over 50% in eyestrain and headaches, an improvement of 30 minutes per night in sleep quality, and a boost of over 40% in cognitive function.

VIEW Smart Windows redefine the residential experience by seamlessly aligning with the daily lives of residents. The VIEW app offers comprehensive customization and control, incorporating lifestyle features such as the Sleep-in Mode. Recognizing the substantial potential within the multifamily residential sector, VIEW strategically positions itself to address the nationwide housing shortage. Emphasizing environmental sustainability and user well-being, VIEW Smart Windows not only pave the way to net-zero but also enhance the overall living experience.

RXR’s selection of VIEW as the foundational design for their residential portfolio is grounded in the robust demand for high-quality, environmentally friendly residential assets. In this regard, VIEW distinguishes itself by effectively delivering on both fronts, showcasing a commitment to innovation and sustainability in the ever-evolving landscape of residential development.

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