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KeyBank prepares for downtown move

KeyBank will soon say farewell to Key Center.

The firm plans to move its branch and Buffalo administrative offices from the Fountain Plaza office complex into 250 Delaware Ave. on Nov. 9, said Gary Quenneville, the bank’s New York State region executive and Buffalo market president. The bank announced its plan several months ago but has now set a date for the move.

Delaware North’s global headquarters is the most prominent tenant of Uniland Development’s new building at 250 Delaware Ave., at the corner of Chippewa Street. But KeyBank will have about 50 employees in its administrative offices, and about six employees in its branch, Quenneville said.

The new administrative offices will have more enhanced technology features, such as video conferencing, than its current space at Key Center. Employees will also be grouped together on a single floor, and, like many newer office formats, there will be gathering spaces to encourage more interaction.

Delaware North plans to have its employees moved into 250 Delaware, a project valued at $110 million, by early November. Two other tenants, the General Services Administration and the Cullen Foundation, plan to arrive in spring 2016. A Westin Hotel and a restaurant operated by Delaware North are expected to open at the property in summer 2016.

The KeyBank branch at Key Center will close after the end of business hours on Nov. 6 and relocate over the following weekend. The administrative offices will move that same weekend.

While some tenants are exiting Key Center, others are moving in, including IBM and the Lippes Mathias law firm.

KeyBank ranks third in deposit market share in the Buffalo Niagara region, according to the most recent figures from the Federal Deposit Insurance Corp., and it has 54 branches in five counties of the region.