Savarino begins work on $12.5 mllion restoration of Manny Hanny building

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Savarino Companies have purchased the former First National Bank building in Olean – better known as the Manny Hanny building – and is preparing a $12.5 million makeover of the long-abandoned historic building, Buffalo News reports.

The seven-story building is located at 101 North Union St. The purchase also included the adjacent two-story former Siegel’s Shoe Store at 1107 North Union.

Work is underway to transform the two buildings into a mixed-use commercial and residential complex, with completion expected in December 2021.

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