Crescent Commons

overviewarchitectureengineeringconstructiondevelopment

Encompassing an entire block of Main Street, the VIP team revitalized this historic 19th Century factory into a mixed-use building offering 50 residential units and 41,000 SF of commercial and dedicated non-profit space.

Pro Forma Analysis: Our architects modified the owner’s original floor plan to increase the number of residential units, thus generating greater rental income.

VIP’s team of engineers developed cost-effective systems that are efficient, easy to maintain and provide greater life-cycle cost value over time.

VIP’s team utilized a “non-cookie-cutter” approach that kept construction costs minimized while being sensitive to the practicalities and costs of property management post-completion.

VIP’s team was instrumental in helping the developer obtain historic tax credits necessary for project award.

Crescent Commons

Encompassing an entire block of Main Street, the VIP team revitalized this historic 19th Century factory into a mixed-use building ▶ Encompassing an entire block of Main Street, the VIP team revitalized this historic 19th Century factory into a mixed-use building offering 50 residential units and 41,000 SF of commercial and dedicated non-profit space.

Crescent Commons

Architecture

Pro Forma Analysis: Our architects modified the owner’s original floor plan to increase the number of residential units, thus generating greater rental income.

Crescent Commons

engineering

VIP’s team of engineers developed cost-effective systems that are efficient, easy to maintain and provide greater life-cycle cost value over time.

Crescent Commons

construction

VIP’s team utilized a “non-cookie-cutter” approach that kept construction costs minimized while being sensitive to the practicalities and costs of property management post-completion.

Crescent Commons

development

VIP’s team was instrumental in helping the developer obtain historic tax credits necessary for project award.

Project Details

Delivery Method:  Design-Build
Owner:  Yaman Realty | Housing Visions
Total Size:  150,000 SF

This adaptive re-use project brings new life to the historic Crescent Corset factory, a historic 1920’s brick building that encompasses an entire block of Main Street in Cortland. The renovated mixed-use facility features 50 market-rate and affordable residential units with amenities including a lounge, exercise room and private courtyard. The ground floor provides 41,000 SF of commercial space.

On this design-build project, VIP’s team collaborated together, working seamlessly to provide the clients with a high quality and efficient design within their construction budget. VIP’s team utilized a “non-cookie-cutter” approach that kept construction costs minimized while being sensitive to practicalities and costs of property management post completion.

VIP’s team was instrumental in helping secure grant funding for the developer in order to obtain historic tax credits necessary for project award. Crescent Commons is a partnership between a Cortland-based real estate developer and Housing Visions, a Syracuse-based nonprofit, with grant support from Empire State Development, National Grid and the City of Cortland.

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