One of Western New York’s best-known nonprofit charitable foundations may be moving out of its longtime home at One Seneca Tower.
The John R. Oishei Foundation, whose contributions and active community role have touched many segments of Buffalo, is considering “alternative space” in other buildings because of “the continual deterioration of expected amenities” that comes with the Class A office space in the tower, said President Robert D. Gioia. He said officials “are in the process of doing this,” but are not yet sure where or when they might relocate.
With 38 floors, the tower – built four decades ago and formerly called One HSBC Center because of its namesake and lead tenant, HSBC Bank USA – is 95 percent vacant and facing foreclosure after its two largest tenants, HSBC and law firm Phillips Lytle LLP, moved out and the Canadian Consulate closed. Other tenants, such as accounting firm PriceWaterhouseCoopers, have also pulled out as a result, and the food and retail services in the lobby and lower levels are now gone. The remaining tenants, mostly small offices, are now concentrated on the upper floors.