Developer Adam America Buys Downtown Site Where 21-Story Condo Tower Is Planned
Adam America is the new developer of the 21-story tower planned for an empty lot at 319 Schermerhorn Street in Downtown Brooklyn. The developer bought the development site from SC Nevins for an undisclosed price, reported Crain’s. The brick building will be condos, Crain’s revealed. Construction has not yet started but could kick off any…
Adam America is the new developer of the 21-story tower planned for an empty lot at 319 Schermerhorn Street in Downtown Brooklyn. The developer bought the development site from SC Nevins for an undisclosed price, reported Crain’s.
The brick building will be condos, Crain’s revealed. Construction has not yet started but could kick off any day because the permits and plans are already approved.
Plans call for 61 units — with one, two or three bedrooms — ranging from 650 square feet to 1,195 square feet, as we’ve reported before. Incorporated is the architect.
The development joins a few others in the vicinity offering condos, such as 388 Bridge Street, The Boerum at 265 State Street and on 4th Avenue, although rentals are much more typical in the borough. Click through for lots more renderings, including interiors.
Adam America Plans 21-Story Condo in Downtown Brooklyn [Crain’s]
319 Schermerhorn Street Coverage [Brownstoner]
Renderings by Incorporated
“Construction has not yet started” – not true. The previous developer has been working on the foundations for nigh on two years. I suspect he didn’t figure on the complications of working right next to the subway and ran out of money. Curiously, the previous Brownstoner article on the building said it had been reduced from 20 stories to 18. now it’s 21? What gives?
The $/BSF that Adam America is paying and the pace at which they are buying all over Brooklyn reminds me of the immediate pre-crash period leading to the implosion of the likes of Boymelgreen.
Well, THAT looks contextual! Not.
Well, judging from that photo, “contextual” would be about 16 fewer floors – at least from a height perspective.