500 Seneca Recognized For Beautification Efforts

From Buffalo News Business Section, Published May 18, 2016 On the Record / May 19, 2016 Hires/Honors/Promotions Rich Tedeschi, president of Jacrist Gardening Services, received two 2016 environmental beautification awards from the New York State Nursery & Landscape Association for his work at 500 Seneca in the city of Buffalo. The project involved designing and creating a rooftop terrace garden, inner courtyard and interior landscaping of lobbies and third-floor atrium. To read the full article click here.

110 Residential Apartments added to 500 Seneca Development

Demand for residential units in and around the Larkin District has prompted a prominent local developer to add a significant number of apartments to a renovation of a historic Seneca Street warehouse. Developer Sam Savarino said he is adding 110 apartments to his 500 Seneca project, due largely to the request of many to add residential units to his building. Read the full article in Buffalo Business First.

Hydraulic Lofts at 500 Seneca Gets Windowed, Stabilized

Windows have recently been installed in the Hydraulic Lofts portion of Savarino Companies and Frontier Group of Companies’ mixed-use redevelopment of 500 Seneca Street. The lofts will occupy the oldest part of the complex and also much of the second floor in the remainder of the building, which was built in a series of seven additions between 1901 and 1907. Read the full article from Buffalo Rising here.
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    Box Factory Lofts Bringing 55 Apartments to the Hydraulics District

Box Factory Lofts Bringing 55 Apartments to the Hydraulics District

Article from Buffalo Rising Apr 16, 2014 Posted by WCPerspective In Real Estate 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. The 55 apartment units will be located on floor two through five in the eastern, or oldest portion of the complex along Hamburg Street (entry image).  The residential units will be going into the wood frame structure that was otherwise going to be used for tenant storage and low-end tenant use.  When reuse of 500 Seneca Street was first proposed, this portion of the complex was going to be raised.  It was saved after the development team decided to utilize historic preservation tax credits and after consulting with the Buffalo Preservation Board among others.  With the addition of residential units, there is no change to the amount of commercial office space available. There will be a residential lobby at the corner of Seneca and Hamburg streets with […]

IDA Approves Incentives for Downtown Redevelopment Projects

Article from Buffalo Rising on the approval of two downtown redevelopment projects. The Erie County Industrial Development Agency (ECIDA) approved $1.35 million in tax abatement packages, which its sister agency, the Regional Development Corporation, approved a $1.25 million loan which will benefit three Buffalo projects totaling $57.3 million in new investment. Read the full article here.

IDA Panel Backs Plan

  IDA panel backs plan for apartments at old Spaghetti Warehouse *Originally appeared in the Buffalo News on February 13, 2014 By David Robinson | News Business Reporter* An $8.1 million project to turn the decaying Spaghetti Warehouse building into apartments and commercial space won the support Thursday of a key Erie County Industrial Development Agency panel, which backed nearly $260,000 in tax breaks for the renovation. The IDA’s policy committee also gave its support for more than $1.1 million in tax savings for a $31.7 million project to convert the former F.N. Burt Co. factory into a mixed-use development that would include a job training center and Class A office space. The committee recommended approval of the tax breaks for the Spaghetti Warehouse project because of its location, 141 Elm St., is in an economically distressed part of Buffalo. The IDA generally does not provide tax breaks for market-rate apartments, except in downtrodden areas. While Deputy County Executive Richard Tobe expressed reservations about providing incentives for a housing project that its developer, TM Montante, expects to generate a double-digit return even without tax breaks, other members of the panel said the tax breaks would encourage the renovation of a deteriorating building that has been vacant for more than a decade. Christian Campos, TM Montante’s chief financial officer, said the tax breaks are an essential piece for a project that has proved difficult to finance. TM Montante has yet to close on a construction loan for the project, and he […]

2010 Development: Larkin and Medical Campus Grow

New Plans for 500 Seneca retain a historic corner – Take a look at this great article from Buffalo Rising to learn more.

Giant Project to Add Commercial Space and Residential Lofts to Larkin District

The initial details from July 2010 can be read about in this great article by Buffalo Rising.

Mix of Uses Planned for 500 Seneca Street

The industrial complex will have multiple uses, and you can find out more in this great article by Buffalo Rising.

Redevelopment planned for ex-New Era site

In the news from March of 2010, read what Buffalo Business First had to say about the initial plans for 500 Seneca St. here.