In July, Adam America Real Estate and Slate Property Group were in contract to acquire the development assemblage at 8-16 Nevins Street, in Downtown Brooklyn, and now the team has closed on the purchase, according to Crain’s. The developers paid $47.75 million for the site, and Vanke, a Chinese developer, is partnering to build a 33-story, 150-unit residential building. The tower will total 180,000 square feet, and retail space is also likely planned. Construction is expected to begin early next year, although multiple low-rise buildings must first be demolished.
Adam America Real Estate
Late last winter, Slate Property Group and Adam America Real Estate began excavation on their planned 11-story, 78-unit rental building at 275 Fourth Avenue/251 1st Street, in Park Slope, located four blocks south of the Union Street stop on the R train. But now, the developers are turning the residential project into 44 condominiums. Ground-floor retail and health care spaces are still planned, which will measure 4,476 and 300 square feet, respectively. ODA Architecture is designing, and sales are expected to launch in early 2016.
Slate Property Group, Adam America and Naveh Shuster Limited are carving a path through the Broadway Triangle in Williamsburg, beginning with plans for a 96-unit building at 120 Union Avenue a year ago. Now they’ve filed new building applications for another residential development down the street at 100 Union Avenue, on the corner of Middleton Street.
In 2014, YIMBY brought you new renderings of the 12-story, 105-unit mixed-use building planned at 470 4th Avenue/237 11th Street, in Gowanus, and now Brownstoner reports the building is four stories above ground, and rising. Adam America, Slate Property Group and Naveh Shuster Group are developing, while Aufgang Architects is designing. The project, located a block from subway stops for the F, G and R trains, will include 5,260 square feet of retail space on the ground floor, and a 2017 completion date appears likely.
Last summer, YIMBY reported on new building applications for the vacant lots at 73-79 Bond Street, in Boerum Hill, where Adam America Real Estate is planning five single-family townhouses. Now, renderings of the project have been revealed by The New York Times. The townhouses will average 4,100 square feet over six floors, which include two below grade and four above grade levels. Ben Hansen is designing, and completion is expected by the end of 2016.