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

December 28, 2017

 


 

 

 

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 at24 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 a182-unit condo at 22-12 Jackson Avenue.

 

 

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