HSBC to Vacate Tower in 2013 | News
BUFFALO, NY-- HSBC says they are leaving their namesake tower in downtown Buffalo in 2013.
HSBC officials say while they are moving out of the HSBC Tower, they are still keeping those jobs in WNY.
Those that currently work at the tower will transfer either to the HSBC Atrium downtown or their Depew facility.
HSBC released this statement:
HSBC keeps its corporate real estate network under regular review to ensure it remains appropriate for the needs of our business. We are committed to Buffalo and following such a review we have decided to maintain our existing operations in the downtown Atrium Building and facility in Depew. From early 2013, HSBC's presence in the One HSBC Center will be wound-down and the building fully exited by October when our current lease expires.
All employees currently located in the One HSBC Center will transition to either the Atrium Building or Depew facility. In order to accommodate the additional employees at both facilities, we will be doing some renovations at both buildings which will continue throughout 2013. No job losses are envisaged as a direct result of this announcement.
Buffalo Mayor Byron Brown issued the following statement regarding HSBC's pending departure from One HSBC Center:
"I just met with local officials from HSBC and I've been informed that the company will remain a strong private sector employer, and continue to have a significant employee presence in Buffalo and Western New York," said Mayor Byron Brown. "With over 3000 HSBC jobs in Western New York, the Buffalo area will remain HSBC's second largest employment hub in the country. I want to thank HSBC for its recommitment to our city by keeping its existing operation in the downtown business district and Depew, with no anticipated job loss as a result of its move from One HSBC Center. In terms of finding a new tenant to occupy downtown's tallest building, we already have in place a number of strategic initiatives designed to attract new investment to the building and in downtown Buffalo, including the Buffalo Building Reuse Project, that have already generated interest from potentially new anchor tenants."