Downtown Buffalo Development

October 16, 2013 Updated Oct 16, 2013 at 9:20 AM EDT

By Elizabeth Carey

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October 16, 2013 Updated Oct 16, 2013 at 9:20 AM EDT


What do you get when you put the area's biggest real estate developers into one room? A spirited discussion.

Business First is hosting a series of industry roundtables over the next year at the law offices of Hodgson Russ.

The first topic was real estate and development and the former HSBC Tower, now "One Seneca Tower" is the hot topic.

Everyone wants to know what the future holds for the 38 story building. This fall, two anchor tenants: HSBC and Philips Lytle will move out.

Business First asked developers if they were handed the keys, what would they do?
All of them agree that the site poses a huge challenge. Some say a mixed use is the answer. Others hope to see a national buyer step in.

One thing developers do agree on is that downtown Buffalo is stronger now than it has been in decades. That's because people now view Buffalo as not only a good place to work, but also to live and to play.

Most developers agree that more housing near the water is necessary to bring more private sector investment. They say there is still a strong demand for more housing and critical mass is needed to support more retail investments.

Many are also optimistic about future development.

You can read what they have to say in this week's Business First.