Oracle Corporation, one of the largest software companies in the world, has leased space in the 500 Seneca Street building in Larkinville which is being prepared for a January 1, 2016 completion date.
The company will be leasing 6,000 square feet on the fifth floor of the 300,000 square foot building, which was a former manufacturing facility converted into a mixed-use building by Savarino Companies and Frontier Group of Companies. Oracle joins Nervve Technologies, Liberty Mutual, Tommyrotters Distillery and Provident Funding among others as tenants. Other parts of the building will be reserved for residential units and eateries.
Oracle, which historically has serviced Buffalo out of regional offices in cities such as Albany, is known for acute cost management and for managing its geographical presence diligently. While this office is most likely a satellite sales/support office in its initial incarnation, the possibility of it growing into an operations or R&D facility shouldn’t be discounted, especially with the investment IBM has made in the city.
This decision should be interpreted as a significant vote of confidence in Buffalo’s ever-brightening economic prospects.