Nuveen installs 1,100 smart windows at 730 Third

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Nuveen Real Estate, and its development advisor, Taconic
Partners, has installed 1,100 new smart windows at 730 Third Avenue as part of
a $120 million sustainability overhaul.

Manufactured by View, the smart glass windows will help
ownership achieve the energy reductions required to meet New York’s Local Law
97, which seeks to reduce building-based emissions by 40 percent over the next
decade and will impact more than 57,000 buildings across the city.

The smart windows will also help the building to maintain its LEED Gold Certification.

NADIR SETTLES

“Sustainability and green development are vital components
of our building designs, and we’re reducing energy consumption at 730 Third
Avenue to mitigate the effects of climate change,” said Nadir Settles, Managing
Director, New York Regional Head, Office, Americas at Nuveen.

“View improves the user experience and will allow tenants to
enjoy a healthy workspace, attract quality talent and enhance their brand.”

The installation is a focal point of the recently completed
transformation of the 665,000 s/f, 27-story, office tower located between East
45th and 46th streets near Grand Central Station in Midtown East. The building
now includes outdoor space, health and wellness offerings, and boutique food
and beverage service.

The renovation was designed by Gensler and ownership has
retained a CBRE team led by vice chairs Paul Amrich and Neil King to handle
leasing the 226,000 s/f now available on the building’s 12th to 27th floors.

The leasing launch follows the signing of a 70,728 s/f lease
in the building with accounting firm Marcum LLP last February. Nuveen has also
hired a JLL team led by Patrick Smith and Matthew Schuss to lease 5,700 s/f of
ground floor retail space in the building.

TIAA, the parent company of Nuveen, owns 730 Third Ave and
both firms will continue to be headquartered at the location and occupy 300,000
s/f on floors 3-9 of the building.

According to studies, smart glass offers significant health
advantages by reducing the incidence of eyestrain and headaches by over 50 percent.
In a recent study, employees working next to View Smart Windows improved their
sleep by 37 minutes per night and cognitive function by 42 percent.

“We’re excited to be working with forward-thinking partners
like Nuveen and TIAA who recognize that making buildings more environmentally
efficient is not only more responsible, but also more user friendly and
profitable,” said Dr. Rao Mulpuri, Chairman and CEO of View.

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