Adam America Real Estate Group is developing 120 Union Avenue in East Williamsburg and 577 Baltic Street in Boerum Hill and has given Commercial Observer a first look at the renderings.
Adam America has partnered with Slate Property Group and Naveh Shuster Limited to erect a $65 million, 75,000-square-foot building at 120 Union Avenue between Harrison Avenue and Broadway. Aufgang Architects designed the multi-family, mixed-use property, according to a press release issued by Slate last September. When the building is completed in 2016, it will include 96 rental units, a roof deck and multiple tenant lounges, according to a spokeswoman for Adam America. The building will also feature 1,750 square feet of retail space.
“We wanted to develop something modern, but not a glass building that would be out-of-context. We felt this design fit into the neighborhood aesthetic with a modern take on the brick and industrial elements of the area,” said David Schwartz, principal and founder of Slate Property Group.
The developers bought the 260,000-square-foot lot from Robles Realty last year for $15.5 million, property records indicate.
At 577 Baltic Street between Third and Fourth Avenues, purchased solely by Adam America in 2014 for $1.2 million, the developer will include 27 luxury rental units, a roof deck and bike storage. The project also has a 2016 completion date. According to YIMBY New York, a two-story warehouse was demolished to make way for the new building. Rami Issac from Issac and Sterns is the architect for the building.
“We understand the unique value of Park Slope and Boerum Hill living for families and are pleased to unveil this unique residential product,” said Omri Sachs, managing director at Adam America Real Estate.