Slate, Adam America buy Park Slope site with plans for 130-unit rental

Slate Property Group and Adam America Real Estate picked up a Park Slope development site for north of $25 million, with plans for a ground-up, 12-story rental building, sources told The Real Deal. The Midtown East-based developers, frequent partners on new condominium and rental properties in Brooklyn, closed Thursday on the purchase for roughly $200 per buildable square foot. The site at 541-555 Fourth Avenue is home to eight contiguous townhouses that they plan to demolish. The sellers, … [more]

Source: Real Estate

Leave a Reply

Your email address will not be published. Required fields are marked *