JDS Development Group | The Real Deal New York

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JDS Development Group

104 Fifth Avenue
New York, NY 10011
(212) 974-2844
Website
info@jdsdevelopment.com
JDS Development Group
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Developer Steve Witkoff is hitting the brakes on plans to convert the Park Lane Hotel into luxury condominiums. Instead, the developer and his partners, including Harry...
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Developers have a choice: Go cheaper with non-union labor or dish out at least 10 percent more on union workers. Depending on who’s asked, this can...
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It looks like Michael Stern and Joseph Chetrit really are going big in Brooklyn. JDS Development Group’s latest round of permit applications for 340 Flatbush...
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New York City has, for quite some time, been the world’s most dynamic and high-stakes real estate market. But 2015 pushed all the elements that...
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It’s been a busy holiday season for Joseph Chetrit, with the Chetrit Group and its partners closing $185 million in debt financing for two separate projects...
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Michael Stern and Kevin Maloney’s ultra-skinny tower at 111 West 57th Street will soar to 1,400 dizzying feet. But how high will prices go? Tags: JDS Development, Kevin Maloney,...
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The developers behind 111 West 57th Street have been inviting a handful of top brokers from Billionaires’ Row to visit the supertall tower’s showroom ahead...
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After reaching a median rent of more than $3,000, you might think Brooklyn’s soaring housing market is showing no sign of an impending slowdown. While it’s true that developers...
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Since stepping down late last year as deputy head of a family empire that controls some 38 million square feet, Emanuel “Manny” Stern has spent the...
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Ashley Kozel, frustrated by her ex-husband’s success in avoiding any payments in their divorce settlement, is going after an asset that’s harder to hide. Kozel is suing...
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The developers behind Stella Tower have booted Douglas Elliman as the exclusive marketing and sales agent for the Midtown West property, and are entrusting Sotheby’s...
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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. Tags:...
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Construction work came to a halt on Wednesday at 30 New York City sites as cement workers went on strike following the expiration of a...
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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,...
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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...
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With the influx of planned supertall skyscrapers promising to soon change the very shape of New York City’s skyline, a new rendering depicts just what...
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UPDATED, 1:18 p.m., May 21: Michael Shah’s Delshah Capital is getting ready to roll out its luxury condo development at 221 West 17th Street in Chelsea, unveiling...
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Last July, The Real Deal reported that Michael Stern’s JDS Development Group, together with Largo Investments, had purchased a West Chelsea parcel for $34.75 million....
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Forest City Ratner and Blumenfeld Development Group have already agreed to include 25 percent affordable units in their massive East River Plaza project in Harlem,...
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03/26/15
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...
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03/19/15
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...
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03/12/15
Keeping pace with its Billionaires’ Row neighbors, JDS Development Group and Property Market Group’s skinny tower at 111 West 57th Street will have units priced...
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03/03/15
Following the footsteps of Extell Development and Brookland Capital, the Related Companies and GFI Capital Resources Group are the latest U.S. firms to tap the...
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02/13/15
Owning one of the hundreds of new units that have hit the markets in three new condo conversions in Hell’s Kitchen — all in the low...
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UPDATED, 12:05 p.m., Feb. 6: Steiner Studio NYC’s Doug Steiner secured a roughly $300 million loan from Bank of America to build his 54-story residential...
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  • Event Financing
  • Building Name 109-113 West 57th Street
  • Address 109 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
notes
A $230 million loan was provided for the acquisition of the property. The one-year, interest-only loan features a fixed rate and two six-month extension options. As part of the deal, JDS Development Group, together with partner Property Markets Group, also recapitalized and consolidated its existing development site at 105-107 West 57th Street. Comm. building.
  • Event Financing
  • Address 435 West 50th Street
  • Neighborhood Clinton
  • Borough Manhattan
notes
A $45 million construction loan was provided for the new luxury condos, the Wall Street Journal reported. The developers plan to begin sales later this year, according to the paper. 71-unit apartment building.
  • Event Sales
  • Address 105 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 40,000,000
  • Publication Date 07/01/2012
  • Event Date 05/22/2012
  • Party 1 Starwood Capital
  • Party 2 JDS Development Group
notes
The majority interest in the development site sold for $40 million. The buyer plans to break ground on a new 100,000-square-foot, mixed-use retail and luxury residential project in the spring or early summer.
  • Event Sales
  • Address 616 First Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 880,000
  • Price $ 172,130,000
notes
The full block sold for $172.13 million. The buyers plan to build two apartment towers totaling 800 units.
Manhattan, 10011
JDS Development Group|Largo Investments, 514 WEST 24TH OWNER LLC
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Manhattan, 10019
JDS Development Group|Property Markets Group, 435 WEST 50 PROPERTY OWNER, L.P.
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Manhattan, 10019
JDS Development|Property Markets Group
...
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050_2015CoverStory_FINAL.indd
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This year may not be over yet, but the real estate records are already piling up. The year kicked off with city office asking rents...

No Results
Manhattan, 10011
JDS Development Group|Largo Investments, 514 WEST 24TH OWNER LLC
...
Manhattan, 10019
JDS Development Group|Property Markets Group, 435 WEST 50 PROPERTY OWNER, L.P.
...
Manhattan, 10019
JDS Development|Property Markets Group
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