UPDATE 7/5/17: Two months after an impending sale was reported, The Real Deal is now confirming that Adam America closed on the sale of 24 Fourth Avenue, which was once home to the 150-year-old Church of the Redeemer. Adam America purchased the site from the Jackson Group for $36 million.
A 12-story condo building will rise on the grave of a 150-year-old Boerum Hill church, The Real Deal has learned. Plans to replace the church have been in the works for for five years now, and preservationists fought for a while to preserve the church, but ultimately to no avail.
The owner of Church of the Redeemer, the Long Island Episcopal Diocese, said it was too costly to repair the church, and shuttered it in 2010. A developer, the Jackson Group, purchased it shortly after for $20 million, but plans to redevelop that site never got off the ground.
The church was ultimately demolished early last year, and now prolific Brooklyn developer Adam America is in the midst of purchasing the site at 24 Fourth Avenue. Plans filed with the Department of Buildings reveal 72 apartments spread out over 73,127 square feet, along with 6,657 square feet of commercial space. Plans also call for a parking garage with space for about 20 cars.
While a representative for the firm didn’t want to go into details about pricing with TRD, they did reveal that construction is likely to get underway early 2018, and ODA New York is on board to design the condo.
This is just one of many projects Adam America is either collaborating or working on solely in the immediate area. Here’s a short breakdown of the other projects, which are now in various stages of development (all are near or around Fourth Avenue in Brooklyn, which the Wall Street Journal dubbed the “canyon of mediocrity” in 2012).
- Another ODA collaboration is nearing the finish line at 251 First Street in Park Slope. What was once a McDonalds is now a 44-unit condo building where sales launched last May from $1.3 million. The building is notable for offering amenities like stroller valet, and a pet spa.
- On another Boerum Hill development, Adam America collaborated with The Naveh Shuster Group. There, 73 apartments are spread out over 21 stories with condos starting from $504,300.
- Further south from its church-replacing condo, Adam America is partnering with Common on the co-living space, Common Baltic. That finished rental can accommodate up to 140 people.
- A few blocks away, another rental, this one designed by Isaac & Stern is nearly complete. Leasing is yet to get underway on the seven-story building’s 28 apartments.