The owner of HSBC Tower is considering residential use if needed in the future. That's the focus of a report in today's Business First. Two anchor tenants are leaving One HSBC Center. Owner, Seneca One Realty, tells Business First that if HSBC Bank also moves out, it is possible that some of that space could be renovated into upscale, market-rate residential units. HSBC's lease with Seneca One runs until October 2013. Bank officials say they will honor the lease, but they haven't made any commitments beyond that date. The report says if HSBC vacates, the tower go from 95 percent leased to just 10 percent.
The former Millard Fillmore Gates site got a lot of attention this week as developers pitched re-use ideas, including a veterinary hospital and a residential/hotel option. Right now, the hospital site is sitting vacant. That's something Kaleida Health is trying to avoid at Women & Children's Hospital of Buffalo. It is slated to close in 2014 after a new site opens on the medical campus. Kaleida is already exploring re-use options. Meanwhile, Kaleida will demolish the Deaconess Center on Humboldt Parkway. Then Community Action Organization of Erie County will build a new headquarters on site, complete with a community center and a new head start program.