M&T Bank officially announces lease at One Seneca Tower

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Photo credit One Seneca Tower on May 7, 2018 (WBEN Photo/Mike Baggerman)

BUFFALO, N.Y. (WBEN) - Buffalo-based M&T Bank made official that they're planning to have a combination of 1,000 new and current jobs in 11 floors of One Seneca Tower.

The local bank agreed to a multi-year lease in 11 of One Seneca Tower's 38 floors for a tech hub. By the middle of next year, the bank plans to have 1,000 of its employees in the building and anticipate more than 1,500 there within three years.

"This re-imaged, re-engineered, and reconstructed space will be an important part of our future at M&T Bank," M&T Bank Chairman Rene Jones said. "But maybe more important, we think it's the first step towards a stronger and more innovative future for the City of Buffalo."

M&T Bank officially announces that they will open a new “tech hub” at One Seneca Tower, which they hope will bring at least 1,000 jobs to the region. pic.twitter.com/1bQjj042pI

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The jobs associated with the tech hub feature a wide range of skills sets ranging from software engineers, designers, cybersecurity experts, data scientists, and more.

M&T Bank has roughly 7,400 employees in Buffalo. Jones said the creation of a tech corridor can upscale the existing work force.

Douglas Jemal, the developer of One Seneca Tower who purchased the building in 2016, has spent the last several years redeveloping the site at a price tag of $120 million. The building will feature a mix of office space, residential, retail, and green space.

"This is the proudest moment (because I feel) we did this together," Jemal said. "What it signifies when we put this together was all working in sync and lock-step to make this a great community."