Tech News Summary:
- Developer Douglas Jemal has found a new tenant for the space previously occupied by Bitwise Industries, with the Buffalo Arts and Technology Center (BCAT) signing a lease for two-thirds of the building.
- BCAT’s expansion signifies a significant step forward in driving economic development in the neighborhood while also providing educational and career-oriented initiatives for high school students and adults.
- The lease arrangement through CBRE’s Buffalo office marks a rapid change of fortune for the property, with BCAT aiming to be in its new space by spring 2024, representing a fresh start and continued growth within Buffalo’s East Side community.
Jemal Partners, a real estate development and management company, has announced a new partnership with the Buffalo Center for Arts & Technology (BCAT) to further its commitment to community impact and revitalization efforts in Buffalo, New York.
The collaboration between Jemal Partners and BCAT aims to support and elevate the arts and technology programs that BCAT offers to underserved youth and adults in the Buffalo area. The partnership will also focus on providing job training and career development opportunities in the arts and technology fields, in line with Jemal Partners’ mission to stimulate economic growth and social impact in the communities it serves.
“We are thrilled to partner with BCAT and support their vital work in the Buffalo community,” said Michael Jemal, President of Jemal Partners. “Empowering and investing in the next generation through arts and technology education aligns with our values of fostering sustainable and inclusive growth.”
BCAT, a nonprofit organization, provides arts and technology programs as well as workforce development initiatives to individuals and families in Buffalo’s East Side. The partnership with Jemal Partners will enable BCAT to expand its reach and impact, providing more opportunities for community members to access high-quality arts and technology education and training.
“We are excited to join forces with Jemal Partners to expand our reach and deepen our impact in the Buffalo community,” said Amber Dixon, Executive Director of BCAT. “This partnership will help us bring more accessible and innovative arts and technology programs to underserved neighborhoods, empowering individuals to pursue fulfilling careers and contributing to the overall revitalization of our city.”
The collaboration between Jemal Partners and BCAT demonstrates a shared commitment to leveraging resources and expertise to create meaningful change and opportunities for growth in Buffalo. As the partnership unfolds, both organizations are poised to make a lasting impact on the lives of individuals and families in the community.