BUFFALO, N.Y. -- One Seneca Tower, formerly the HSBC Tower, is currently 95 percent empty and in foreclosure.
But one local real estate expert sees a high-end transformation to the tallest building in Buffalo.
Peter Hunt, chairman and CEO of Hunt Realty, agrees with most experts that "mixed-use" is the best approach for the building's future. That means a combination of office space, retail, residential and a hotel.
However, he thinks mid-level tenants would lead to further stagnation in Downtown Buffalo. Instead, he would like to see a 5-star hotel like a Ritz Carlton, luxury retail like Bloomingdale's and Tiffany and Co., and high-end lofts on the upper floors, where the views are unmatched anywhere in Upstate New York.
"We do not have a 5-star hotel," Hunt said. "We have excellent shopping. People flock here from Canada. (But) we don't have the high-end retailers."