Coronavirus Pandemic Cited As Reason
April 1, 2020
The planned technology center M&T Bank was planning for downtown Buffalo has been put on hiatus. The culprit is the COVID-19 pandemic.
The delay of the construction of a planned technology hub puts on hiatus the facility that will eventually house 1,500 workers in the Seneca One Tower. The center was to be part of the major downtown skyscraper in the midst of a $120 million renovation by Douglas Development. The bank will lease 11 upper floors and a pair of western plaza wings, space that will house thousands of bank technologists as part of a plan to create more than 1,000 jobs, according to WGRZ-TV.
"We’ll continue to push ahead once it is deemed safe and appropriate to do so, and we look forward to occupying the space later this year," M&T spokesman David Lanzillo told American Banker.
A Yale University psychiatry professor calls on banks to make their services accessible to people with mental health issues