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M&T Bank taps Seneca One as new tech hub

Antunovich Associates

Seneca One Tower has its first tenant since being purchased three years. M&T Bank announced today they signed a long term lease in the building to create a tech hub to continue to diversify the region’s economy.

The Bank will occupy 11 floors and 333,000 square feet of space.

“Everybody thought that I was crazy when I did this,” said Developer Owner Douglas Jemal on his purchase of Seneca One. “I am so fortunate to be a part of this revitalization. Really what is signifies, when we put this together, was we are all working in sync. In lockstep, to make this a great community.”

Credit Thomas O'Neil-White
Developer Douglas Jemal

Jemal said his vision is for Seneca One Tower to be a linchpin in downtown Buffalo, along with the Buffalo Waterfront, the area around Key Bank Center and the Buffalo Medical Campus.

The idea is to turn Buffalo into a regional tech hub, attracting the brightest from around the area.

Credit Thomas O'Neil-White
M&T Bank Chairman and CEO Rene JOnes

“The question that we’re asking ourselves is not ‘how does M&T hire 1,000 new tech workers,’” said M&T Chairman and CEO Rene Jones. “The real question is how does Buffalo build and support and nurture and ecosystem of innovation and entrepreneurialism.”

Jones says the plan moving forward is to have 1,000 employees into the Seneca One by the middle of 2020, and to have more than 1,500 there within three years.

Born in Louisville, Kentucky, Thomas moved to Western New York at the age of 14. A graduate of Buffalo State College, he majored in Communications Studies and was part of the sports staff for WBNY. When not following his beloved University of Kentucky Wildcats and Boston Red Sox, Thomas enjoys coaching youth basketball, reading Tolkien novels and seeing live music.
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