November 6, 2015

Local Developer Partners with Chinese Firm to Buy $50 Million Downtown Brooklyn Site

News Property News

Crain's New York Business

A Manhattan-based residential builder has partnered with Vanke, a large Chinese development firm, to buy a downtown Brooklyn site and build a 33-story condo tower.

Adam America Real Estate and Vanke, along with Slate Property Group, has closed on the acquisition of the development site at 10 Nevins St. for $47.75 million, according to city property records. The team plans to begin erecting a 180,000-square-foot building with 150 apartments early next year. Melissa Warren and Ofer Cohen, founders of the Brooklyn-based brokerage firm TerraCRG, arranged the sale

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