HSBC Bank USA is still leaving the downtown tower that has borne its name but will retain some space there for a little longer than was scheduled.
HSBC has been moving its employees and operations out of what has been known as One HSBC Center in downtown Buffalo, with the bank’s lease set to expire at the end of this month. The employees are relocating to the bank’s downtown Atrium building three blocks away and to a leased facility in Depew.
“We will be remaining in a small area for a period of time as we complete the consolidation into two other facilities,” said Neil Brazil, an HSBC spokesman. He declined to specify how much space the bank will continue to use or how many employees are still working there.
Asked how much longer HSBC will use space at the tower, Brazil said: “I would be very surprised if we would still be in there the first quarter of next year.” The bank and the property owner are working out the terms of the temporary arrangement, he said.
HSBC’s logos have already been removed from the top of the 38-story tower. More recently, the Common Council voted to change the name of the complex to One Seneca Tower effective Nov. 1, per the request of the property’s owner, Seneca One Realty LLC.
Seneca One has been exploring new uses for the city’s tallest building as its two major tenants, HSBC and Phillips Lytle, depart.
Phillips Lytle on Nov. 14 plans to begin its move from the tower to One Canalside, the overhauled former Donovan State Office Building. It plans to finish the move by Nov. 18, said David J. McNamara, the law firm’s managing partner.