JDS Development Group | The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE


captcha

Please type the words that appear above
Than click SUBMIT
JDS Development Group

104 Fifth Avenue
New York, NY 10011
(212) 974-2844
Website
info@jdsdevelopment.com
JDS Development Group

JDS Development Group is a privately held New York City-based real estate development and acquisition firm. The firm was founded in 2002 by Michael Stern and specializes in luxury residential, hospitality and mixed-use projects and has more than 7 million square feet of property under development. Among its recent projects are 111 West 57th Street, 626 First Avenue and the record-setting Walker Tower in Chelsea (where a sold penthouse clocked in at more than $50 million). JDS has had clashes with unions in recent years, even being used as a poster child for irresponsible practices in 2015 by New York City laborer unions over its use of non-union labor in erecting one of the city's tallest towers, located at 111 West 57th Street. JDS also has focused across the East River, building or buying smaller-scale residential and mixed-use properties in Brooklyn and partnering with the Chetrit Group on larger-scale projects in that borough. The firm also has acquired lots for development in Miami's South Beach.


02/16/17
How strong is the market for New York City penthouses? The owner of a Walker Tower aerie who wants $42 million for the pad is about to...

02/09/17
Dumplings and scallion pancakes, move over. Gentrification and new development are taking over Chinatown. The neighborhood’s restaurant scene is on the front lines, with old-time...

02/08/17
From the February issue:  James Nelson is a vice chair of Cushman & Wakefield, where he runs a 10-broker investment sales team and is marketing...

02/06/17
After a lull in January, buyer interest in the city’s most expensive pads has picked up significantly. In the period between Jan. 30 through Feb....

02/02/17
Parking garage owner Gary Spindler lost the latest round in his legal battle attempting to thwart JDS Development Group’s plan to build its 79-story apartment...

02/02/17
Community members and elected officials from the Two Bridges neighborhood on the Lower East Side said they were blindsided to learn that the U.S. Department...

01/09/17
From the January issue:  Michael Stern was approaching the lectern when a booming voice from the back of the Gouverneur Health building at 227 Madison...

01/05/17
Private real estate funds raised near-record levels of capital in 2016, as the industry saw a noticeable shift away from equity investments toward debt. Globally,...

12/28/16
A converted Williamsburg warehouse that was once the base of operations for a prominent bourbon distributor was the priciest condominium filing approved by the New York...

12/26/16
Michael Stern’s JDS Development Group and Largo Investments landed $660 million in financing for their American Copper Buildings, a pair of rental towers on the East...

12/23/16
Citi Habitats is shuttering one of its oldest storefront locations in the West Village. The company has operated a location there for nearly two decades. Company...

12/23/16
In the blood sport of New York real estate, litigation is a way to bully, negotiate, and even embarrass — and 2016 didn’t disappoint. Tags:...

12/20/16
Clockwise from top left: Michael Stern and Joe Mcmillan; Tamir Shemesh, Kelly Mack, Pam Liebman, Ryan Schleis; Nechama Spielberg, Jordan Emanuel, Lauren Weigand and...

12/20/16
UPDATED: Dec. 20, 6:35 p.m.: A decade after developer Harry Macklowe acquired the site for 432 Park Avenue, sales at the supertall condo tower dominated...

12/16/16
Michael Stern was approaching the lectern when a booming voice from the back of the Gouverneur Health Center on Madison Street stopped him in his...

12/14/16
Average apartment prices in Manhattan hit a record of $2.2 million in 2016, thanks in part to closings at ultra-luxury condominiums such as 432 Park...

12/14/16
Starrett Corp. this week unveiled new renderings and details of its planned skyscraper in Two Bridges, one of four massive projects that could transform the...

12/13/16
The meaning of the three letters in CIM Group’s name is one of real estate’s best-kept secrets. But it might as well stand for Condos...

12/07/16
With no shortage of ultra-luxury pads on the market, the developers of 432 Park Avenue are sweetening their offer to would-be buyers and offering millions...

11/28/16
As traditional banks tighten the purse strings, Jared Kushner is seeing through a commitment to establish his firm as a peer-to-peer lender. A debt fund...

11/03/16
For Robin Schneiderman, winning new assignments is all about the money. But not the money going into his pocket. Schneiderman, of Halstead Property Development Marketing,...

10/31/16
TRD Special Report: You’ve heard the tale a dozen times before: From 2012 to 2014, Manhattan’s luxury condominium market was on fire. Buyers couldn’t get...

10/13/16
Equity Residential agreed to pay $250,000 in rent credits to overcharged tenants of a Downtown Brooklyn apartment building, according to the state. The real estate...

10/05/16
Illustration by Lexi Pilgrim for The Real Deal TRD Special Report:In March, Gary Barnett went to Israel on a firefighting mission. On the Tel Aviv...

09/28/16
New York’s real estate industry still has an aristocracy of born-rich developers, but its dominance over the business is receding – and to Michael Stern,...
JDS Development Group, CEO
104 Fifth Avenue, New York, NY, (212) 974-2844
...
  • Event Financing
  • Address 626 First Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 922,828
  • Price $ 500,000,000
notes
The company secured a $500 million senior loan for the multifamily two rental towers with ground-retail.
  • Event Financing
  • Address 626 First Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 922,828
  • Price $ 160,000,000
notes
The company secured a $160 mezzanine loan for the multifamily two rental towers with ground-retail.
  • Event Retail Leasing
  • Address 9 Dekalb Avenue|340 Flatbush Avenue Extension
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Price $ 185,000,000
notes
A $185 million combined loan was arranged for the two buildings.
  • Event Financing
  • Address 514 West 24th Street
  • Neighborhood West Chelsea
  • Borough Manhattan
  • Price $ 74,500,000
  • Event Residential Sales
  • Building Name 212 West 18th Street
  • Address Unit 15A, 212 West 18th Street
  • Unit 15A
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,428
  • Price $ 13,725,000
  • Price per foot $ 5,652.80
  • Publication Date 05/12/2015
  • Event Date 04/30/2015
  • Party 1 JDS Development Group
  • Party 1 Entity Smj 210 West 18 LLC
  • Party 1 Entity Wt 15A LLC
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12E
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,725,934
  • Event Residential Sales
  • Building Name 425 West 50th Street
  • Address Unit 12E, 425 West 50th Street
  • Unit 12E
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,410
  • Price $ 1,725,934
  • Price per foot $ 1,224.07
  • Publication Date 04/20/2015
  • Event Date 03/26/2015
  • Party 1 JDS Development Group
  • Party 1 Entity 435 West 50 Property Owner, L.P.
  • Party 2 Realmuto, Robert; Wright, Gayle
  • Event Residential Sales
  • Building Name 425 West 50th Street
  • Address Unit 10F, 425 West 50th Street
  • Unit 10F
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,821
  • Price $ 4,582,125
  • Price per foot $ 2,516.27
  • Publication Date 04/09/2015
  • Event Date 03/25/2015
  • Party 1 JDS Development Group
  • Party 1 Entity 435 West 50 Property Owner, L.P.
  • Party 1 Entity 425 West 50Th Street LLC
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 10F
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 4,582,125
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 15G
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,807,394
  • Event Residential Sales
  • Building Name 425 West 50th Street
  • Address Unit 10H, 425 West 50th Street
  • Unit 10H
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 699
  • Price $ 729,067
  • Price per foot $ 1,043.01
  • Publication Date 04/03/2015
  • Event Date 03/18/2015
  • Party 1 JDS Development Group
  • Party 1 Entity 435 West 50 Property Owner, L.P.
  • Party 1 Entity Stella 10H LLC
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 10H
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 729,067
  • Event Residential Sales
  • Building Name 425 West 50th Street
  • Address Unit 15G, 425 West 50th Street
  • Unit 15G
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,380
  • Price $ 1,807,394
  • Price per foot $ 1,309.71
  • Publication Date 03/24/2015
  • Event Date 03/18/2015
  • Party 1 JDS Development Group
  • Party 1 Entity 435 West 50 Property Owner, L.P.
  • Party 2 Cohen, Mitchell
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12B
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 840,056
  • Event Residential Sales
  • Building Name 425 West 50th Street
  • Address Unit 12B, 425 West 50th Street
  • Unit 12B
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 660
  • Price $ 840,056
  • Price per foot $ 1,272.81
  • Publication Date 04/03/2015
  • Event Date 03/16/2015
  • Party 1 JDS Development Group
  • Party 1 Entity 435 West 50 Property Owner, L.P.
  • Party 2 Baltaci, Mehmet M
  • Event Residential Sales
  • Building Name 425 West 50th Street
  • Address Unit 16E, 425 West 50th Street
  • Unit 16E
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,355
  • Price $ 2,087,413
  • Price per foot $ 1,540.53
  • Publication Date 03/25/2015
  • Event Date 03/16/2015
  • Party 1 JDS Development Group
  • Party 1 Entity 435 West 50 Property Owner, L.P.
  • Party 2 Greer, Julia
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 16E
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 2,087,413
  • Event Residential Sales
  • Building Name 425 West 50th Street
  • Address Unit 12C, 425 West 50th Street
  • Unit 12C
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,676
  • Price $ 3,767,525
  • Price per foot $ 2,247.93
  • Publication Date 03/24/2015
  • Event Date 03/13/2015
  • Party 1 JDS Development Group
  • Party 1 Entity 435 West 50 Property Owner, L.P.
  • Party 1 Entity Iron Tailor LLC
  • Event Residential Sales
  • Building Name 425 West 50th Street
  • Address Unit 16B, 425 West 50th Street
  • Unit 16B
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,412
  • Price $ 2,540,534
  • Price per foot $ 1,799.24
  • Publication Date 04/06/2015
  • Event Date 03/13/2015
  • Party 1 JDS Development Group
  • Party 1 Entity 435 West 50 Property Owner, L.P.
  • Party 2 Kutucular, Emin E
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 16B
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 2,540,534
  • Event Residential Sales
  • Building Name 425 West 50th Street
  • Address Unit 12D, 425 West 50th Street
  • Unit 12D
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,020
  • Price $ 1,344,090
  • Price per foot $ 1,317.74
  • Publication Date 03/25/2015
  • Event Date 03/11/2015
  • Party 1 JDS Development Group
  • Party 1 Entity 435 West 50 Property Owner, L.P.
  • Party 2 Orlando, Jacinta; Samios, Gus
  • Event Residential Sales
  • Building Name 425 West 50th Street
  • Address Unit 12G, 425 West 50th Street
  • Unit 12G
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,599
  • Price $ 3,665,700
  • Price per foot $ 2,292.50
  • Publication Date 03/24/2015
  • Event Date 03/11/2015
  • Party 1 JDS Development Group
  • Party 1 Entity 435 West 50 Property Owner, L.P.
  • Party 1 Entity Westbury Holdings
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12D
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,344,090
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12G
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 3,665,700
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 10E
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 2,851,100
To see all, go to Advanced Search
Manhattan, 10011
JDS Development Group, SMJ 210 WEST 18 LLC
Walker Tower is a residential condominium building that was converted from a 1929...
Brooklyn, 11201
Chetrit Group, 340 FAE OWNER LLC
9 Dekalb Avenue, also known as the Dime Savings Bank of New York,...
Manhattan, 10011
JDS Development Group, 514 WEST 24TH OWNER LLC
...
Manhattan, 10019
JDS Development Group, 435 WEST 50 PROPERTY OWNER, L.P.
...
Manhattan, 10019
JDS Development Group, 111 WEST 57TH PROPERTY OWNER LLC
...
Brooklyn, 11201
JDS Development, FOURTH AVENUE PROPERTY OWNER LLC
...
Brooklyn, 11201
Chetrit Group, 340 FAE OWNER LLC
...
Manhattan, 10016
JDS Development Group, 616 FIRST AVENUE LLC
...

12/28/16
A converted Williamsburg warehouse that was once the base of operations for a prominent bourbon distributor was the priciest condominium filing approved by the New York...

12/20/16
UPDATED: Dec. 20, 6:35 p.m.: A decade after developer Harry Macklowe acquired the site for 432 Park Avenue, sales at the supertall condo tower dominated...

12/31/15
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...

In the high-stakes world of Manhattan real estate, agents tend to fall into two camps — those brokering sales in glitzy new condo buildings and...

The wave of new developments hitting the market is changing more than just the skyline. It’s also shifting the fortunes of the firms that specialize...

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...
Manhattan, 10011
JDS Development Group, SMJ 210 WEST 18 LLC
Walker Tower is a residential condominium building that was converted from a 1929...
Brooklyn, 11201
Chetrit Group, 340 FAE OWNER LLC
9 Dekalb Avenue, also known as the Dime Savings Bank of New York,...
Manhattan, 10011
JDS Development Group, 514 WEST 24TH OWNER LLC
...
Manhattan, 10019
JDS Development Group, 435 WEST 50 PROPERTY OWNER, L.P.
...
Manhattan, 10019
JDS Development Group, 111 WEST 57TH PROPERTY OWNER LLC
...
Brooklyn, 11201
JDS Development, FOURTH AVENUE PROPERTY OWNER LLC
...
Brooklyn, 11201
Chetrit Group, 340 FAE OWNER LLC
...
Manhattan, 10016
JDS Development Group, 616 FIRST AVENUE LLC
...
MENU