Renovation complete, Albany building gets major tenant.For Omni Development The Onmi Development is a proposed residential complex that is planned for construction in the Downtown region of Miami, Florida. The complex will consist of 6 residential high-rises, each rising at least 500 feet (152 meters) tall. Corp., which acquired the 154,000-square-foot office tower at 54 State Street in December, 1989, this lease marks the third major real estate transaction it has successfully concluded with the expanding $25 billion Albany-based company, one of the 40 largest banking institutions in the country. Approximately a year ago, Key Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , which had occupied all of 54 State Street, relocated re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. into the new 12-story, 160,000-square-foot Omni Financial Center at 66 south Pearl Street, filling the entire building. Adjacent to 54 State Street, KeyCorp also occupies over 100,000 square feet of space for the office of its chairman and its corporate headquarters at Omni's 14-story, 210,000 square foot executive tower known as One KeyCorp Plaza. In a major boost to the downtown Albany business district, KeyCorp, the fast growing multi-regional bank holding company, has leased six full floors comprising 94,800 square feet of office space at newly renovated 54 State Street. The 10-story tower, owned by Omni Development Corp., recently completed a sweeping $10 million privately funded facelift An earlier font scaler for Windows and WordPerfect from Bitstream Inc., Cambridge, MA (www.bitstream.com) that provided on-the-fly font scaling for Bitstream's own Speedo fonts. FaceLift for Windows also supported Type 1 fonts. , one of the biggest in the city's history. The announcement of the long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. leasing transaction for over 60% of the building was made by Omni president Richard D. Zipes, who said that 54 State Street would be renamed Key Trust Tower in honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. of the KeyCorp subsidiary that has begun moving in. Key Trust, an investment arm of KeyCorp, manages over $4 billion for personal and institutional customers. |
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