Adam America and Slate Property Group are in contract to acquire the connecting development sites spanning 8-16 Nevins Street and 299-301 Livingston Street, in Downtown Brooklyn, for more than $50 million. The assemblage reportedly boasts roughly 180,000 square feet in building potential. Demolition on the site’s existing low-rise buildings will continue once the transaction closes in the next few months, according to The Real Deal.
The properties have a history; Bushburg Properties proposed a 25-story, 136-unit residential tower at the Nevins Street site, which YIMBY revealed in 2014. Permits were also filed later in 2014 at the Livingston Street site, where a 17-story, 37-unit residential building was proposed. Most of 8-16 Nevins is already demolished, and demo permits have been filed but not yet approved for 299-301 Livingston.