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