With its lease expiring, a large downtown law firm is exploring its options for a future home. The search by Phillips Lytle PPC is sure to be of interest to any property owner with space to fill or harboring dreams of landing an anchor tenant for a new tower.
Business First's Jim Fink has the story:
Phillips Lytle, Buffalo's second-largest law firm, has retained the Studley Group to handle the search. The law firm's lease at HSBC Center expires in 2013. It leases 85,000 square feet, spread over six floors, in the 38-story tower downtown. Phillips Lytle and HSBC Bank are the tower's anchor tenants.
David McNamara, Phillips Lytle managing partner, said the site-selection process is in its earliest stage. No decisions have been made, he added.
"At this point in our analysis, we are open to all options," he said. "We've been very comfortable in this building but, at the same time, we do feel it is necessary to explore all of our options."
Unless a significant vacancy opens in one of downtown's Class A buildings, or the firm opts for less expensive space, it means a renewal at One HSBC Center or the construction of a new building. A move to the suburbs is unlikely but not out of the realm of possibility. The owners of One HSBC Center are likely to put together a handsome package to retain the firm.
Few current downtown buildings offer the space and prestige Phillips Lytle is likely to require. Avant has three floors and 75,000 sq.ft. of space available but is said to be actively talking to potential tenants. No one expects the space to be empty in 2013.
On the development front, Ellicott Development has approvals for a new building at 50 Court Street and has a mid-August deadline to start construction. Also on the drawing board is office space in the Canal Side project at the foot of Main Street. CityView has plans for new office buildings in the Larkin District and redevelopment of the Statler and AM&As Department Store, if they happen, are each likely to include an office component.
Chances are developers will offer other new-build locations for the firm to consider. The competition may be downtown's best chance for a new tower in the near-future.
Phillips Lytle was established in 1834.




What about Palladinos 10 story Court Street Tower?
What really comes to mind when I read this story?
The first is why is UB Law School on the Amherst Campus? Isnt it obvious that government and law are centered downtown and that UB Law students are being deprived of education as well as pre and post graduation opportunities. Its very portable...they dont need access to any of the sciences...and liberal arts are shared by everyone...they could easily be offered at multiple locations.
(In fact...Law/Government and Journalism/Media/History all should have strong components...thinking big picture here...Center for Excellence in Life Sciences in Fruit Belt, Law / Journalism / Media / Social Sciences focussed around the Trico Building would be within walking distance to the Library....big picture...ECC downtown campus is also within walking distance to the Library...BIG PICTURE...IMAGINE A NEW PUBLIC LIBRARY 3X-4X THE SIZE OF THE CURRENT FACILITY SERVING THE PUBLIC, UB MEDICAL, UB LAW / JOURNALISM / MEDIA / SOCIAL SCIENCES AND ECC DOWNTOWN. WE COULD HAVE A DOWNTOWN EDUCATIONAL SPINE FROM MASTEN TO THE BASEBALL STADIUM...A LIBRARY OF THAT SIZE WOULD BE THE BIGGEST REGIONAL RESOURCE OUTSIDE NYC...JUST A THOUGHT...BUT WORTHY OF CONSIDERATION. IMAGINE THE SPIN OFF POTENTIAL WITH BUFFALO FILM COMMISSION FOR MEDIA AND DOCUMENTARIES, ANIMATION, VIDEO GAMES, SPECIAL EFFECT...THE POTENTIAL SPIN OFF...OF SUCH A LIBRARY COULD BE SIGNIFICANT...consider Lockwood Library in UB Amherst is like 5 Floors, the Medical Library on South Campus needs to be replaced downtown...ECC needs a library downtown...imagine the potential of a 6-8 story library resource center with study cubicles and student/public lounges and media rooms and community rooms that could be used by downtown businesses for meetings as well as community groups...it could put Buffalo one step closer to once again being a publishing center for statistics and research and documentaries, etc)
The second is that we need to building more Class A office space downtown a priority...conversely...that means converting more of our Class B and Class C properties like Statler, Liberty, LaFayette, Graystone, Hyatt and AM&As into residential or at the very least mixed use.
(My feelings exactly) Converting more of these buildings to residential/mixed use will create the demand for new large footprint downtown office buildings to be constructed.
I think everyone would love to see another HSBC Tower downtown for M&T or First Niagara. Its just to bad we dont have any major technology based companies that could fill a tower.