The Real Deal New York

Adam America plans 21-story condo building in Brooklyn

Developer bought lot at 319 Schermerhorn Street for $33M
April 02, 2015 03:00PM

UPDATED, 12:00 p.m., April 14: Adam America Real Estate bought a residential development site in Downtown Brooklyn for $33 million with plans of building a 21-story condominium building.

The real estate firm bought 319 Schermerhorn Street, on the border of Downtown Brooklyn and Boerum Hill, from SC Nevins, according to Crain’s.

Adam America is looking to build the new, 87,445-square-foot tower in cooperation with the Naveh Shuster Group.

With its proximity to the Barclays Center, “this couldn’t be a more prime location for high-end condos and first-rate retail space,” Adam America co-founder Dvir Cohen Hoshen told the website. [Crain’s] — Claire Moses