View, Inc. announced its Smart Windows have been selected for phase two of The Interlock, a $750 million mixed-use property being developed by SJC Ventures in the emerging West Midtown neighborhood of Atlanta, Georgia. The project is SJC Ventures' second with View Smart Windows, following the successful installation at phase one of The Interlock, a walkable nearby nine-acre mixed-use project, which outperformed the market and received the Distinguished Achievement Award from real estate trade publication Commercial Property Executive in 2019. At phase two of The Interlock, View Smart Windows will enclose all offices, creating a healthier and more sustainable environment for occupants.
The windows, which use artificial intelligence to automatically adjust in response to the sun, will maximize natural light and views of downtown West Midtown while ensuring thermal comfort and energy efficiency. Continuous access to daylight and views has been proven to deliver material health benefits to office workers. In one recent study, people working in an office with View Smart Windows experienced half as many headaches and slept 37 minutes longer each night compared to those working in a comparable office with standard windows and blinds.
View Smart Windows also reduce energy consumption from lighting and HVAC by as much as 20 percent. With numerous new developments and its close proximity to Georgia Tech, West Midtown in Atlanta has become one of the nation's premier markets for technology companies, with major tenants such as Microsoft leasing space. Phase two of The Interlock is slated to open in early 2024 and will offer 275,000 square feet of commercial space and 180,000 square feet of creative office space, plus 670 beds for Georgia Tech student housing.
It's easy to imagine future employees, residents and visitors enjoying views of the vibrant streetscape of Atlanta's West Midtown neighborhood through View Smart Windows. View Smart Windows are already installed in more than 40 million square feet of properties. The recently passed Inflation Reduction Act of 2022, the large investment to address climate change in U.S. history, extends the Investment Tax Credit to include smart windows, and is expected to accelerate mass adoption of the technology.