BUFFALO, N.Y.- On Wednesday, HSBC announced that it would not be renewing it's lease in the iconic high-rise that bears its name in downtown Buffalo.
The banking giant is also a giant tenant, occupying 75% of the office space at One HSBC Center. The announcement comes on the heels of them losing their second and third largest tenants Phillips Lytle law firm will soon move across the street to the refurbished Donovan Building and the Canadian Consulate moved out last month.
Today Two On Your Side sat down with the Stephen Fitzmaurice, the Chief Operating Officer for One Seneca LLC which owns the building. Fitzmaurice shared a potential future use design that has been distributed internally. While cautioning that it is still extremely preliminary, he outlined their vision for a mixed use "vertical village".
A potential re-design would involve retail on the first few floors with several floors on office space, a five-star hotel, luxury condos, and observation deck and a restaurant/banquet facility on the top floor.
Fitzmaurice says they plan on sitting down with the Urban Land Institute next month. The ULI is an agency that focuses on land use and urban planning. Fitmaurice says the building is now a blank canvas, and anything is possible for the future.