The fastest way to move-in ready.
PICTURED ABOVE: THE VISION BUILDING BY VIRTUAL CAMPUS, LLC.
WHAT IS IT?
A Virtual Building Program (VBP) is a business location alternative to an existing building. A virtual building is on a site where all the preliminary work has been completed to start construction immediately on a building. The building has been designed, permitted (site and building), all utilities are to the site, the development team is in place, firm cost estimates, and a construction schedule have been established.
The virtual building has all the required elements in place to deliver a building suited for specific needs within fixed costs and timeframe. Economic development prospects can easily visualize a building on a site and offers advantages over constructing a spec building:
Why did you start this program?
Rio Rancho and Sandoval County currently lack available, suitable buildings for economic-base companies. We are losing prospects both because we have no suitable buildings and/or large land tracks with services, with some limited exceptions. This is crucial for success in attracting our target sectors. This includes both manufacturing, bio-sciences, and professional office buildings (Class A). Since companies generally want to occupy the building as quickly as possible, a construction timetable has been developed that indicates potential completion of the construction and occupancy of the building within six months.
How do you get a virtual building?
As a minimum, conceptual designs include:
Note: Some users may require enhanced building security especially life sciences/biomedical cybersecurity and data center companies.
Proposals should be flexible space and expandable, fitting one or more anticipated uses aligned with the economic-base employer attraction efforts of Sandoval Economic Alliance (SEA). Per a January 2018 Target Industry and Laborshed Study performed by Avalanche Consulting for SEA, Target Employers for the area, in addition to Research & Development, include:
- Biomedical Testing & Labs
- Medical Suppliers
- Medical Technology
- Biosciences Manufacturing
- Natural Resource Management Technology
- Data Centers
- Financial & Technology Support Centers
- Cybersecurity operations
- Warehousing and Distribution
- Electronics Manufacturing
- Metals Manufacturing
- Renewable Energy Manufacturing
Ideal Building Sizes
Life Sciences and Associated Uses: 25,000 square feet – 50,000 square feet with 2X expansion capability
Professional Services & Support: 40,000 square feet – 50,000 square feet with .5X expansion capability
Manufacturing & Technology: 100,000 square feet – 200,000 square feet with .5X expansion capability