The Real Deal New York

Posts Tagged ‘michael stern’

  • Clockwise from left: 9 Dekalb Avenue, Joseph Chetrit and Michael Stern

    Clockwise from left: 9 Dekalb Avenue, Joseph Chetrit and Michael Stern

    Apparently, Michael Stern has a penchant for height.

    After introducing one of the tallest towers in the city to Billionaires’ Row — the more than 1,400-square-foot tall 111 West 57th Street, which Stern’s JDS is co-developing with Property Markets Group — the developer is now contemplating building the tallest residential skyscraper in Brooklyn, according to Crain’s. [more]

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  • Rendering of 514 West 24th Street (credit: Roman & Williams) and Michael Stern (inset)

    Rendering of 514 West 24th Street (credit: Roman & Williams) (inset: Michael Stern)

    Michael Stern and Largo Investments received a $74.5 million construction loan for the Fitzroy, a 10-story condo building on West 24th Street. [more]

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  • From left: Gary LaBarbera and Michael Stern

    From left: Gary LaBarbera and Michael Stern

    In the fight between JDS Development Group’s Michael Stern and union labor over the company’s plans for nonunion construction at supertall 111 West 57th Street, labor leader Gary LaBarbera says he was not entirely unwilling to compromise.

    LaBarbera, who heads the Building and Construction Trades Council, tried to negotiate with Stern and get him to accept a project labor agreement, which allows for some flexibility in workers’ schedules and sometimes wages and benefits, according to the Wall Street Journal. [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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  • NeilMoffittWalkerTower

    From left: Neil Moffitt and the penthouse at Walker Tower

    Walker Tower’s penthouse — which set a Downtown sales record when it sold for $50.9 million last year – is back on the market asking $70 million, a nearly 40 percent premium. [more]

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  • From left: Michael Stern and a rendering of 111 West 57th Street

    From left: Michael Stern and a rendering of 111 West 57th Street

    JDS Development founder Michael Stern is surprised by the vocal opposition he has encountered while building a super tall residential tower at 111 West 57th Street without union labor. [more]

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  • Rendering of 1060 Bedford Avenue in Bedford Stuyvesant (credit: Karl Fischer Architect)

    Rendering of 1060 Bedford Avenue in Bedford-Stuyvesant (credit: Karl Fischer)

    A peek at 1060 Bedford Avenue in Bed-Stuy. Michael Stern to build condos in Williamsburg. How the $130M Hudson River Park project came to be. Read these stories and more after the jump.

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  • A rendering of 111 West 57th Street (Credit: Hayes Davidson)

    A rendering of 111 West 57th Street (Credit: Hayes Davidson and SHoP Architects)

    A new look is available at what will be the city’s tallest residential tower, JDS Development’s and Property Markets Group’s 111 West 57th Street. [more]

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  • Vickey Barron, 514 West 24th Street and Michael Stern

    Vickey Barron, 514 West 24th Street and Michael Stern

    Douglas Elliman’s Vickey Barron will be heading up sales at the copper-clad boutique condominium building that Michael Stern’s JDS Development Group and Largo Investments are planning near the High Line, a spokesperson for the project told The Real Deal[more]

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  • From left: Letitia James, Kevin Maloney and Michael Stern

    From left: Letitia James, Kevin Maloney and Michael Stern

    Public Advocate Letitia James approached developers JDS Development and Property Market Group, tacitly urging them to reconsider their plan to build their super skinny, 80-story tower on “Billionaire’s Row” sans union labor. [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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  • From left: Ben Shaoul, 140 West Street and the lobby at the Woolworth Building

    From left: Ben Shaoul, 140 West Street and the lobby at the Woolworth Building

    Developer Ben Shaoul could be asking more than $100 million for the penthouse at the former Verizon headquarters 140 West Street, a property he is turning into a luxury condo building. He is one in a line of developers who are bringing nine-figure units to the market.
    [more]

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  • From left: Michael Stern and the Walker Tower on West 17th Street in Manhattan

    From left: Michael Stern and the Walker Tower on West 17th Street in Manhattan

    Side streets are getting more popular as locations for upscale condo developments [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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  • The Naftali Group’s Miki Naftali, JDS Development’s Michael Stern and Douglas Elliman’s Howard Lorber were among the industry players who gathered Tuesday for the Young Jewish Professionals Founders Gala. See full story and slideshow after the jump.

    From left: Tal Alexander, Howard Lorber, Michael Stern and Oren Alexander

    From left: Tal Alexander, Howard Lorber, Michael Stern and Oren Alexander

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  • The Real Deal hosts a series of panel discussions.

    The industry executives speaking at The Real Deal and Luxury Listings NYC‘s New Development Showcase on Thursday had plenty to say. From development to design to brokering sales, the panelists who sat in on the three discussion topics offered insightful — sometimes funny — comments about the current state of the real estate game. Here are 10 things that stood out. [more]

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  • forum 1 pic 1

    From left: Steven Witkoff, Jonathan Miller, Miki Naftali and Michael Stern

    A panel of leading developers said that prices for new condominiums will remain strong in the near term, spurred on by robust job growth in the technology sector, high demand from foreign buyers and constrained supply in the city’s top neighborhoods. [more]

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

    From left: Michael Stern and 514 West 24th Street

    UPDATED, 4:02 p.m., May 15: Developer Michael Stern is reportedly eyeing a parcel on Manhattan’s West Side that could set a record if it goes for the predicted $800 per square foot. [more]

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  • From left: Interiors and exterior of 425 West 50th Street

    From left: Interiors and exterior of 425 West 50th Street

    Development firms JDS Development and Property Markets Group plan to bring their Stella Tower luxury condominium conversion to market this month. [more]

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