The Real Deal New York

Posts Tagged ‘JDS Development Group’

  • The 220-foot-tall crane at 111 West 57th Street in Midtown (inset, from left: Kevin Maloney and Michael Stern)

    The 220-foot-tall crane at 111 West 57th Street in Midtown (credit: JE Dolci) (inset: Kevin Maloney and Michael Stern)

    The tallest freestanding crane in the city’s history is on-site at JDS Development Group and Property Markets Group’s 111 West 57th Street in Midtown. [more]

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  • 111w57 Stern Maloney

    Rendering of 111 West 57th Street (inset, from left: Michael Stern and Kevin Maloney; credit: SHoP Architects)

    The majority investor in Michael Stern and Kevin Maloney’s planned 1,428-foot luxury condo tower at 111 West 57th Street is no longer willing or able to pump money into the project and is in talks to reduce its stake, public records show. [more]

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  • 111 West 57th Street Interior

    111 West 57th Street interior view (Credit: Property Markets Group)

    The interior of JDS Development and Property Markets Group’s super-skinny 111 West 57th Street has been revealed. [more]

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  • From left: Michael Stern, Ian Bruce Eichner, Scott Alper and banner outside New World Stages (credit: Mark Maurer)

    From left: Michael Stern, Ian Bruce Eichner, Scott Alper and banner outside New World Stages (credit: Mark Maurer)

    The fight between Michael Stern’s JDS Development Group and a prominent construction trade group spread to a real estate conference Thursday morning, as protesters rallied outside and, in one instance, shouted from the audience. [more]

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  • Clockwise from left: 111 West 57th Street, Kevin Maloney and Michael Stern

    Clockwise from left: 111 West 57th Street, Kevin Maloney and Michael Stern

    If it’s up to the developers, one of the city’s tallest towers could rise without the help of any union labor. The 1,400-foot-tall, 80-story tower proposed for 111 West 57th Street, developed by Michael Stern’s JDS Development Group and Kevin Maloney’s Property Markets Group would be the city’s tallest-ever tower built with nonunion labor. [more]

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  • Luxury contracts break record in November

    December 04, 2014 02:40PM

    From left: Walker Tower and Penthouse 2

    ’Tis the season – for $4 million-plus homes.

    The Manhattan luxury market is heading into the holiday season on the heels of a red hot November that was the best on record. Buyers signed a total of 124 contracts at or above the $4 million mark during the month, according to the latest Olshan report. That’s up 36 percent from November 2013. [more]

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  • From left: Michael Stern and 514 West 24th Street

    From left: Michael Stern and 514 West 24th Street

    Michael Stern’s JDS Development Group, together with Largo Investments, bought a West Chelsea parcel for $34.75 million, The Real Deal has learned. [more]

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  • From left: Michael Stern and 626 First Avenue

    From left: Michael Stern and 626 First Avenue

    Two luxury rental apartment towers are coming to an East Side lot formerly owned by ConEdison. [more]

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  • From left: 613 Baltic Street now and an aerial view of the site (Source: Google Maps)

    From left: 613 Baltic Street now and an aerial view of the site (Source: Google Maps)

    JDS Development Group has filed plans for a mixed-use Boerum Hill project that will total nearly 65,000 square feet and include 47 residential units. [more]

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  • Renderings of Stella Tower at 425 West 50th Street

    Renderings of Stella Tower at 425 West 50th Street

    JDS Development Group and Property Markets Group’s Stella Tower is 60 percent sold one month after hitting the market, The Real Deal has learned exclusively. Click here to see photos of the property’s interior.

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  • JDS picks up Park Slope properties

    April 28, 2014 04:35PM
    JDS' Michael Stern and the corner of Baltic Street and Fourth Avenue, Park Slope

    JDS’ Michael Stern and the corner of Baltic Street and Fourth Avenue, Park Slope

    JDS Development Group, perhaps best known for the recently-completed Walker Tower and the skinny 1,350-square-foot skyscraper under construction at 111 West 57th Street, has snapped up a four-property site across the river in Park Slope, Brooklyn. [more]

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  • From left:

    From left: PMG’s Kevin Maloney, JDS’s Michael Stern and a rendering of the 57th Street tower

    From the December issue: In the course of reviewing architecture in New York City and elsewhere, I find that most buildings inspire in me either appreciation of their beauty, anger at their ugliness, or indifference to their banality. But the new condo tower planned on 57th Street between Sixth and Seventh avenues inspires something very different in me: fear. [more]

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  • Newly revamped facade at the Walker Tower at 212 West 18th Street

    New facade at the Walker Tower at 212 West 18th Street

    Verizon is marketing a former telephone-exchange building on West 36th Street near Seventh Avenue as a potential hotel site, a continuation of the push by the communications giant to cash in on its prime Manhattan real estate. Indeed, since 2005, parts or all of 14 properties in the borough have been sold or are in contract. [more]

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  • ariel-property-advisors

    Shimon Shkury and 202 8th Street in Gowanus

    Institutional sales drove big gains in the New York City multi-family market in September, as the dollar volume of transactions climbed 71 percent year-over-year, according to a monthly report from Ariel Property Advisors.

    There were 53 deals comprised of 110 buildings totaling about $657 million in September. The number of deals rose a mere 6 percent from 50 sales in September 2012, but the total value nearly doubled from $384.6 million. [more]

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  • 107 West 57th Street rendering

    107 West 57th Street rendering

    JDS Development and Property Markets Group’s plans for a super skinny 1,350-foot tower designed by SHoP Architects were met warmly by the Landmarks Preservation Commission. [more]

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  • Michael Stern (inset), a rendering of 107 West 57th Street (Credit: SHoP Architects). and Kevin Maloney (inset)

    Michael Stern (inset), a rendering of 107 West 57th Street (Credit: SHoP Architects) and Kevin Maloney (inset)

    Michael Stern’s JDS Development and Property Markets Group are planning a skinny skyscraper condominium on West 57th Street which will be 100 feet taller than the Empire State Building and even soar over Gary Barnett’s One57.

    The joint venture submitted plans last month to the city’s Landmarks Preservation Commission that call for a roughly 1,350-foot building that, akin to a series of steps, sets back from the street as it rises higher, according to the Wall Street Journal. It is still unclear if the venture has obtained financing for the project, to be located at 107 West 57th Street. [more]

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  • From left: Bob Knakal, 202 8th Street and Michael Stern

    From left: Bob Knakal, a rendering of 202 8th Street and Michael Stern

    JDS Development and Property Markets Group have sold 202 8th Street to Werber Management for $37.75 million, after nearly fully leasing out the luxury Gowanus rental building. [more]

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  • sheldon-solow-doegoe-rendering

    Sheldon Solow and Doegoe rendering of First Avenue project between East 38th and East 41st streets

    The clock is ticking for billionaire developer Sheldon Solow and his long-dormant, six-acre lot between East 38th and East 41st streets on First Avenue. He could lose his permits and public approvals for a $4 billion project if he does not build a foundation for the office building or one of several apartment towers by November, the New York Times reported. [more]

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  • A rendering of JDS' East Side project (courtesy SHoP Architects)

    A rendering of JDS’ East Side project (courtesy SHoP Architects)

    Updated, 5:29 p.m, August 2: Michael Stern’s JDS Development is in talks to buy Sheldon Solow’s remaining two parcels of land on the East Side of Manhattan, having earlier purchased one of the parcels for $172.5 million, the New York Times reported. [more]

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  • Old Westbury Gardens in Old Westbury, N.Y. (Source: Flavorwire)

    JDS confirms West 57th Street project will be 900 feet tall, making it Manhattan’s third tallest residential tower. Shake Shack coming to Grand Central Terminal, after long struggle involving lawsuits and evictions. Donald Trump helps sets up crowdfunding website to compete with Kickstarter. Twenty mansions Jay Gatsby probably would have owned: PHOTOS. Prospect Lefferts Gardens brownstone in contract for $1.85M, which would be highest-record sale. Read these stories and more after the jump.

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