JDS, Property Markets to launch sales at Stella Tower

Finished luxury project one of the last collaborations between two firms

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
A Columbus Circle apartment once owned by Tom Brady and Gisele Bundchen  went into contract last week, helping the Manhattan luxury home market finish February on a high note. 551 West 21st Street on the right. (Photos via Compass, Getty, Foster and Partners)
Manhattan luxury market has best month in six years
Manhattan luxury market has best month in six years
Michael Stern’s Walker Tower condo among 38 luxury contracts inked last week. (Compass)
Manhattan’s luxury market sees best week since 2016
Manhattan’s luxury market sees best week since 2016
JDS Development's Michael Stern and 111 West 57th Street (JDS)
JDS sues 111 West 57th contractor, insurer over shoddy work and “blunderbuss requests”
JDS sues 111 West 57th contractor, insurer over shoddy work and “blunderbuss requests”
Michael Stern and a rendering of the project (Getty, JDS Development/SHoP Archictects)
Michael Stern pays $24M for future site of 62-story Brickell tower
Michael Stern pays $24M for future site of 62-story Brickell tower
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
arrow_forward_ios

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

Loading...