Seneca One Tower has its first tenant since being purchased three years. M&T Bank announced today they signed a long term lease in the building to create a tech hub to continue to diversify the region’s economy.
Two different projects in Buffalo took their first significant steps Tuesday, as the Common Council approved "designated developer status" for Buffalo State College and the city's former police headquarters.
Since his purchase of Buffalo's tallest building, Washington-based developer Douglas Jemal has promised to bring new life to One Seneca Tower. That rebirth appears to be ahead of schedule. Appearing outside Monday's meeting of the city Planning Board, attorney Adam Walters says the project is moving forward at a "breakneck pace."
The only thing left now is purchasing the building permits, as the city Planning Board yesterday approved the first phase of the vast project to turn Buffalo's tallest building, now known as Seneca One Tower, into a mix of housing, retail and commercial space.
That towering brown tower at the foot of Main Street in downtown Buffalo may look just as it has for the past few years, but owner Douglas Jemal says change is on the way soon for the troubled landmark
Douglas Development, the Washington, D.C. developer that has purchased One Seneca Tower, has an impressive history of restoring old buildings. That record, says one observer, also comes with some concerns..