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Big Deal: 43North Relocating to Seneca One

Seneca One has snagged another high profile tenant.  43North and its portfolio companies is planning to relocate from The Innovation Center at 640 Ellicott Street in the Medical Campus to 15,000 sq.ft. of space in the tower.  Empire State Development is considering a $1.5 million capital grant for the shift this morning.  Funding will be used for purchase and installation of necessary fixtures, furnishings and equipment for the office space.

43North currently occupies 7,000 sq.ft. in The Innovation Center.  The project will result in a larger supply of incubator space for 43North and its companies, winners of the global startup business plan competition, who are establishing and growing their businesses in Buffalo. The new space will include work space, restrooms, conference space, private phone call space, storage space, marker space, event/flex space, common area/kitchen space, and furniture, fixtures, and equipment.  Business First is reporting that 43North will be located on the 24th floor and could eventually occupy 40,000 sq.ft. of space in Seneca One.

43North was formed in February 2014 for the purpose of organizing and administering a global startup competition that would drive an innovation and entrepreneurship sector in WNY. Since beginning the competition in 2014, 43North has attracted 44 companies from across North America and around the world, half of which remain in WNY and employ more than 520 people, and who have a total portfolio valuation of over $800 million, in which 43N holds a 5 percent equity interest. These companies have also raised an additional $234 million in combined venture capital and grant funds since winning their 43North award.

Entry Image by Seneca One redevelopment architect Antunovich Associates.

Written by Buffalo Rising

Buffalo Rising

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