Changing of the logos at Seneca One Tower

October 29, 2013 Updated Oct 29, 2013 at 5:34 PM EDT

By Allissa Kline, Buffalo Business First Reporter

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Changing of the logos at Seneca One Tower

October 29, 2013 Updated Oct 29, 2013 at 5:34 PM EDT

Expect to see new signage on the tower previously known as One HSBC Center.

This week, weather permitting, crews are scheduled to remove any existing "One HSBC Center" signs and replace them with "One Seneca Tower" signs, said Steve Fitzmaurice, chief operating officer of Seneca One Realty LLC, which owns the building.

The switch follows the exit of anchor tenant HSBC Bank USA N.A., whose long-standing lease ends Oct. 31. HSBC is shifting operations to two existing bank facilities - HSBC Atrium on nearby Washington Street and a leased office in Depew. HSBC's signature bow-tie logos were removed from the building in September.

One Seneca Tower is now the official address of the 42-year-old tower at the foot of Buffalo's Main Street. The name change had to be approved by the Buffalo Common Council as well as Mayor Byron Brown.

The building's occupancy rate continues to slide downward and may hit 5 percent in January, Fitzmaurice has said. Phillips Lytle LLP, another anchor tenant, is planning to leave in mid-November in order to move into its new corporate headquarters office at One Canalside Building, the site of the former Donovan State Office Building.