Sale of five downtown buildings tied to layoffs

Rand Building

BUFFALO, N.Y. (WIVB) – The New York State Labor Department has been notified of 68 layoffs tied to the sale of five major buildings in downtown Buffalo. Layoffs would take effect in late August.

Filed under the Main Seneca Corporation and Main Court LLC, the notices on the NYS WARN page relates to the sale of buildings owned by attorney David Sweet. Sweet is 84-years-old and has been a long-time investor and stabilizing force in downtown real estate. He weathered the storm of major transitions when many businesses left the downtown Buffalo corridor.

The buildings include the Rand Building, the Main Seneca Building, Main Court Building, Roblin Building and Stanton Building – totaling more than 760,000 square feet of prime downtown space.

Sweet is putting his holdings up for sale and hopes to have a deal in place for all five properties. Sweet won’t disclose the selling price, but The Buffalo News reports that the five buildings are assessed at $12 million.

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