Adam America files 63-unit condo plan for BK church site

Church of the Redeemer was demolished in 2015

TRD NEW YORK /
Dec.December 27, 2017 11:15 AM

From left: Church of the Redeemer in Brooklyn, Omri Sachs and Dvir Cohen

Two years after demolishing the Church of the Redeemer in Brooklyn, Adam America Real Estate is planning a 63-unit condominium on the site, an offering plan filed with the New York state Attorney General’s office shows.

The plan for 561 Pacific Street did not include pricing, which is not required until the AG is ready to approve the plan, likely sometime next year.

Executives at the firm did not respond to a request for comment about pricing or other plan details.

The Jackson Group acquired Church of the Redeemer, which is located right next to the Barclays Center subway stop at Atlantic Avenue, in 2014 for close to $20 million. The developer knocked the church down in the fall of 2015. Construction plans for a new 12-story structure were filed earlier this year, but listed 72 units, so the developer appears to be scaling back. In addition to apartments, the offering plan calls for 16 parking spaces and 26 storage units. Full construction permits are still pending approval, Department of Buildings records show.

Adam America officially acquired the property, which is also known at 24 Fourth Avenue, in July for $36 million. Public sales records initially indicated that China Vanke had some involvement in the ownership, but Adam America claimed this was a clerical error. In Long island City, Adam America and China Vanke are developing a 182-unit condo at 22-12 Jackson Avenue.


Related Articles

arrow_forward_ios
US Steel’s sprawling South Works site is about the size of Downtown Chicago. At left, Common, who wants to partner with developers on a mixed-use entertainment district there, and Dan McCaffery, whose vision for a 13,000-home community fizzled out. (Credit: Common by Paras Griffin/Getty Images; McCaffery via McCaffery Interests; aerial by Cushman & Wakefield)

South Works, the 415-acre “magnificent property,” is Chicago’s biggest development opportunity

Prince Realty Advisors founder David E. Ash and 123 Hope Street (Credit: Google Maps)

HUBBNYC buys Williamsburg mixed-use building for $84M

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

Mayor Bill de Blasio halted ULURP, stalling projects like 960 Franklin Avenue, Rikers Island and Industry City 

These projects could be held up by New York’s rezoning freeze

Morris Moinian and 1150 6th Avenue (Credit: Noam Galai/Getty Images, Google Maps)

Morris Moinian to sell site of stalled hotel project

An aerial of Flushing's waterfront and New York City Council member Peter Koo (Credit: Google Maps)

Massive Flushing waterfront development stirs opposition

133-25 37th Avenue in Flushing

Developer Gary Tsan buys Flushing property for $60M

South Carolina town puts moratorium on development (Credit: iStock)

The high cost of low taxes: South Carolina town bans all development for 16 months

arrow_forward_ios
Loading...