The redevelopment of 500 Seneca Street now includes residential space. Fifty-five apartments are planned for what is being called Box Factory Lofts. The balance of the 500 Seneca Street complex will be Class A office space and below market space for community and/or cultural organizations. Savarino Companies and FFZ Holdings are teaming to redevelop what was originally the F.N. Burt Company box manufacturing plant and later used by New Era Cap Co. The property is listed on the National Register of Historic places and the project is utilizing historic preservation tax credits.