High-Tech Manufacturing Facility | Syracuse, NY
In 2018, having outgrown its existing location, Cryomech hired VIP to develop, design, and build a new 76,500sf high-tech manufacturing facility. The new facility includes industrial, office, and storage space that enables Cryomech to manufacture more products in less time, continue its fantastic growth, and enhance its position as a global front-runner in cryogenic equipment research, development, and production.
VIP’s integrated team helped Cryomech quantify its current and future needs for space and electrical power, developed site selection criteria, and evaluated potential sites in conjunction with the power company. Once a site was selected, VIP, in the role of design-builder and developer, purchased the land, obtained the right to build, identified and obtained economic development incentives, financed the project, designed and constructed the building, and leased it back to Cryomech. VIP informed Cryomech’s decision-making with construction cost information and impact on lease rates throughout the design process. The project was completed ahead of schedule in 2019, and in 2022, Cryomech purchased the building from VIP. VIP’s integrated design-build-lease delivery model saved Cryomech both time and money.
In 2022, Cryomech embarked on a 35,000 SF manufacturing and office expansion to their original facility, with VIP as the design-builder.