Work is underway to add additional office space at Seneca One. Construction has started along Pearl Street where 69,120 sq.ft. of new commercial space is being created in the basement levels of the complex. A new office entrance will be constructed at Pearl and Upper Terrace. A one-story addition with 28,500 sq.ft. of office space will be constructed on the building’s western plaza as well.
Phase I and II involve renovating the complex’s annex buildings into retail space and 115 apartments and construction of two retail buildings on the complex’s eastern plaza. That work is currently wrapping up.
The work may be a sign of confidence by Douglas Development that M&T Bank will lease space in the complex. To consolidate its technology divisions, M&T Bank is looking for 150,000 sq.ft. of office space by June and the ability to expand by another 100,000 sq.ft. in the same building or campus in the next two or three years. Proposals from developers were due last month.