After a long period of preparation, the big project on the corner of 4th Avenue and 11th Street in Gowanus is rising and now up to the fourth floor, we saw when we passed by this weekend. Developers Adam America, Slate Property Group and the Naveh Shuster Group are planning a 12-story building here at 237 11th Street.
There was little sign of activity through the winter, and work on the foundation started in the spring.
The development, which previously went by the address 470 4th Avenue, will have 105 market-rate rental apartments as well as ground-floor retail, as we have reported before. There will also be a courtyard, medical office, gym and 29 underground parking spots.
JBS Project Management assembled the development site, where formerly six 19th century wood frame houses and three commercial buildings stood. They were demolished last year.
The developers bought the property for $20,000,000. The project is supposed to wrap in January of 2016, according to Aufgang’s website, but fall 2016 is looking more likely now.
The developers and the architect have been extremely busy in Brooklyn — both on this street and elsewhere in the borough. The projects are typically large, with more than 100 units.
Just down the street at 535 4th Avenue, developers Adam America, Slate Property Group, and AEW Capital Management are planning another large apartment building, with 148 units, which will also be designed by Aufgang Architects.
Adam America is also developing the former White Castle at 781 Metropolitan Avenue in Williamsburg and another large apartment building at 1535 Bedford Avenue (at Eastern Parkway) in Crown Heights, which will replace a gas station.
Adam America is an owner, developer and operator of real estate. The firm raises its own investment capital overseas.
One of Aufgang Architects’ most prominent Brooklyn projects is 200 Water Street in Dumbo. There, the firm has designed the conversion of a landmarked daylight factory building and a new building on the site. The Suffern, N.Y.-based firm specializes in adaptive reuse and affordable housing.