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One Seneca Tower sale falls through

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The planned sale of One Seneca Tower in downtown Buffalo to a New York City businessman has fallen through.

Real estate broker Rick Recckio says his client, Harvey Kaylie, backed out of the deal because he could not find any co-investors to share the $27 million purchase price.

Recckio noted that there are many upfront costs in the purchase and the planned renovations to Buffalo's tallest building, previously known as the Marine Midland Tower and HSBC Tower.

Kaylie had proposed a $100 million redevelopment project to include 100 apartments, 15 floors of office space, ground level retail, a top floor restaurant and observation deck and, perhaps, a boutique hotel.

Mark Wozniak, WBFO's local All Things Considered host, has been at WBFO since mid-1978.
Mike Desmond is one of Western New York’s most experienced reporters, having spent nearly a half-century covering the region for newspapers, television stations and public radio. He has been with WBFO and its predecessor, WNED-AM, since 1988. As a reporter for WBFO, he has covered literally thousands of stories involving education, science, business, the environment and many other issues. Mike has been a long-time theater reviewer for a variety of publications and was formerly a part-time reporter for The New York Times.
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