Adam America and Slate Property Group are in contract to acquire the connecting development sites spanning 8-16 Nevins Street and 299-301 Livingston Street, in Downtown Brooklyn, for more than $50 million. The assemblage reportedly boasts roughly 180,000 square feet in building potential. Demolition on the site’s existing low-rise buildings will continue once the transaction closes in the next few months.
Adam America Real Estate
Adam America and MSD Partners have acquired the development site at 22-12 Jackson Avenue, in Long Island City — a few blocks south of Court Square stations serviced by the 7, E, M, and G trains — for $43.5 million. According to Crain’s Business, the developers plan to construct an 11-story, 186-unit mixed-use building measuring 210,000 square feet. A 5,000 square-foot retail portion is planned for the ground floor, and both ODA and Issac & Stern are designing. A small single-story structure must first be removed.
Steel beams have been erected up to the second floor of Adam America’s and Horizon Group’s 12-story, 38-condo-unit mixed-use building at 100 Norfolk Street, on the Lower East Side. Bowery Boogie reports construction has been crawling along, and the project may not make its scheduled completion for 2016. The building is over 85% sold, according to REW, and 11,250 square feet of retail is planned. ODA Architecture is designing.
Yesterday, YIMBY posted an on-site rendering sent in by a tipster for Adam America’s new 21-story condominium project coming to 319 Schermerhorn Street in Downtown Brooklyn. Reps from Adam America sent along a higher-res version, which shows the building up-close, and also confirmed that Issac & Stern is the architect. The masonry cladding will be interspersed with large PTAC-free windows, and inside, the building will have 74 units.
The last year has been somewhat tumultuous for 319 Schermerhorn Street, which was originally set to be developed a mysterious “SC Nevins LLC.” In April, it was announced that Adam America and the Naveh Shuster Group purchased the site, likely for over $30 million, and with the new ownership comes a new design, which YIMBY can now reveal thanks to a watchful tipster.