JDS, Property Markets to launch sales at Stella Tower

Finished luxury project one of the last collaborations between two firms

TRD New York /
Apr.April 09, 2014 06:10 PM

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

The Art Deco building at 425 West 50th Street, named for the wife of its architect, Ralph Walker, has within it 51 apartments, with lower-floor apartments ranging from $1.5 million to $9 million, the New York Observer reported.

Prices at the luxury tower, located near the future site of Hudson Yards, are lower than its sister tower, according to Vickey Barron of Douglas Elliman, who is handling sales for both buildings.

“We will gradually increase our prices and be able to sustain those increases just like we did at Walker Tower,” Barron told the Observer. Amenities in the 18-story building will include a fitness center, library and a lounge off the lobby.

The project is likely one of the last that PMG’s Kevin Maloney and JDS’s Michael Stern will complete together, as previously reported. The developer duo have collaborated on a slew of high-profile projects in Manhattan, including the 1,350-foot condo tower at 111 West 57th Street[NYO]Angela Hunt


Related Articles

arrow_forward_ios
111 West 57th Street and 20 East 78th Street (JDS, Google Maps)

Manhattan luxury contracts hit 12-week pandemic high

Manhattan luxury contracts hit 12-week pandemic high
111 West 57th Street and Michael Stern of JDS Development

111 West 57th sees two $30M+ sales in midst of shutdown

111 West 57th sees two $30M+ sales in midst of shutdown
WATCH: JDS’ Stern and SHoP’s Pasquarelli on shaping the skyline

WATCH: JDS’ Stern and SHoP’s Pasquarelli on shaping the skyline

WATCH: JDS’ Stern and SHoP’s Pasquarelli on shaping the skyline
JDS Development Group's Michael Stern

5 things to know about supertall condo developer Michael Stern

5 things to know about supertall condo developer Michael Stern
Michael Stern sued by former investor in Miami mixed-use tower

Michael Stern sued by former investor in Miami mixed-use tower

Michael Stern sued by former investor in Miami mixed-use tower
Michael Stern is moving forward with massive Miami tower project

Michael Stern is moving forward with massive Miami tower project

Michael Stern is moving forward with massive Miami tower project
Clockwise from the bottom: Judge Arthur Engoron, JDS Development’s Michael Stern, L&M’s Ron Moelis, Josh Siegel of Starrett with a rendering of Two Bridges (Credit: Twitter and Curbed NY)

Judge deals another blow to Two Bridges towers

Judge deals another blow to Two Bridges towers
A rendering of Empire Station with Governor Andrew Cuomo and JDS Development's Michael Stern (Credit: Getty Images, JDS)

Recycled ideas? Penn Station plan similar to JDS 2016 proposal

Recycled ideas? Penn Station plan similar to JDS 2016 proposal
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...