Local
9:55 am
Mon January 27, 2014

Press Pass: The future of One Seneca Tower

While the name has changed from HSBC Tower to One Seneca Tower, the vacancy problems continue for the city's tallest building. That topic was addressed during WBFO's Press Pass with Jim Fink of Business First.

"The building is now officially in foreclosure," Fink explained.

The future of the former HSBC Tower is still a question mark
Credit File photo

"This is the first step that will eventually lead the way, probably, to new ownership and, probably, a new future for the building."

On WBFO's Press Pass, Jim Fink of Business First looks at the future of One Seneca Tower and the emerging developments along the Buffalo River.

That future "is not going to be all office (space)," Fink predicted. He believes the tower's 900,000 square feet of Class A office space will take years to fill, making it more likely that any future owner will seek to transform the structure into a mixed-use development.

Hear Monday's conversation with Jim Fink by clicking the play button above.