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.
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104 Fifth Avenue, New York, NY, (212) 974-2844
- Event Financing
- Address 9 Dekalb Avenue
- Neighborhood Brooklyn Heights
- Borough Brooklyn
- Price $ 664,000,000
- Publication Date 04/25/2019
- Event Date 04/24/2019
- Party 1 JDS Development Group
- Party 1 Brokerage JLL
- Party 1 Broker Aaron Appel, Keith Kurland, Jonathan Schwartz
- Party 2 Silverstein Capital Partners, Otéra Capital
- Event Financing
- Address 613 Baltic Street
- Neighborhood Park Slope
- Borough Brooklyn
- Square feet 59,000
- Price $ 34,000,000
- Publication Date 06/04/2018
- Event Date 05/23/2018
- Party 1 JDS Development Group
- Party 1 Brokerage JLL
- Party 1 Broker Aaron Appel
- Party 2 The Arden Group
- Event Financing
- Address 9 Dekalb Avenue
- Neighborhood Brooklyn Heights
- Borough Brooklyn
- Square feet 7,555,734
- Price $ 135,000,000
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 JDS Development Group, Chetrit Group
- Party 2 Bank Of The Ozarks, Melody Finance
- Event Financing
- Address 626 First Avenue
- Neighborhood Murray Hill
- Borough Manhattan
- Square feet 922,828
- Price $ 160,000,000
- Publication Date 02/01/2017
- Event Date 12/18/2016
- Party 1 JDS Development Group, Largo Investments
- Party 2 SL Green Realty, Apollo Global Management
- Event Financing
- Address 626 First Avenue
- Neighborhood Murray Hill
- Borough Manhattan
- Square feet 922,828
- Price $ 500,000,000
- Publication Date 02/01/2017
- Event Date 12/18/2016
- Party 1 JDS Development Group, Largo Investments
- Party 2 AIG
- Event Retail Leasing
- Address 9 Dekalb Avenue|340 Flatbush Avenue Extension
- Neighborhood Downtown Brooklyn
- Borough Brooklyn
- Price $ 185,000,000
- Publication Date 02/01/2016
- Event Date 12/23/2015
- Party 1 Chetrit Group, JDS Development Group
- Party 2 Fortress Investment Group, SL Green Realty
- Event Financing
- Address 514 West 24th Street
- Neighborhood West Chelsea
- Borough Manhattan
- Price $ 74,500,000
- Publication Date 09/01/2015
- Event Date 07/23/2015
- Party 1 JDS Development Group
- Party 2 Santander Bank
- 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 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 Stella Tower
- Address 425 West 50th Street
- Unit 12E
- Neighborhood Clinton
- Borough Manhattan
- Price $ 1,725,934
- Publication Date 04/20/2015
- Event Date 03/26/2015
- Party 1 JDS Development Group, Property Markets Group
- Party 2 Gayle Wright, Robert Realmuto
- 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
- Publication Date 04/09/2015
- Event Date 03/25/2015
- Party 1 JDS Development Group, Property Markets Group
- Party 2 425 West 50th Street 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
- Publication Date 04/06/2015
- Event Date 03/13/2015
- Party 1 JDS Development Group, Property Markets Group
- Party 2 Emin Kutucular
- 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 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
- Publication Date 04/03/2015
- Event Date 03/18/2015
- Party 1 JDS Development Group, Property Markets Group
- Party 2 Stella 10h LLC
- Event Residential Sales
- Building Name Stella Tower
- Address 425 West 50th Street
- Unit 12B
- Neighborhood Clinton
- Borough Manhattan
- Price $ 840,056
- Publication Date 04/03/2015
- Event Date 03/16/2015
- Party 1 JDS Development Group, Property Markets Group
- Party 2 Mehmet Baltaci
- 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 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 Stella Tower
- Address 425 West 50th Street
- Unit 16E
- Neighborhood Clinton
- Borough Manhattan
- Price $ 2,087,413
- Publication Date 03/25/2015
- Event Date 03/16/2015
- Party 1 JDS Development Group, Property Markets Group
- Party 2 Julia Greer
- Event Residential Sales
- Building Name Stella Tower
- Address 425 West 50th Street
- Unit 12D
- Neighborhood Clinton
- Borough Manhattan
- Price $ 1,344,090
- Publication Date 03/25/2015
- Event Date 03/11/2015
- Party 1 JDS Development Group, Property Markets Group
- Party 2 Jacinta Orlando, Gus Samios
- Event Residential Sales
- Building Name Stella Tower
- Address 425 West 50th Street
- Unit 14B
- Neighborhood Clinton
- Borough Manhattan
- Price $ 4,073,000
- Publication Date 03/25/2015
- Event Date 03/10/2015
- Party 1 JDS Development Group, Property Markets Group
- Party 2 Stella Tower #14b, LLC
- 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 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


JDS Development Group, 616 FIRST AVENUE LLC
JDS Development Group, SMJ 210 WEST 18 LLC
Chetrit Group|JDS Development Group, 340 FAE OWNER LLC
JDS Development Group, 514 WEST 24TH OWNER LLC
JDS Development Group, 435 WEST 50 PROPERTY OWNER, L.P.
JDS DEVELOPMENT GROUP, 111 WEST 57TH PROPERTY OWNER LLC
JDS Development Group, FOURTH AVENUE PROPERTY OWNER LLC
JDS DEVELOPMENT GROUP, 616 FIRST AVENUE LLC


Chetrit Group|JDS Development Group, 340 FAE OWNER LLC
JDS Development Group, 435 WEST 50 PROPERTY OWNER, L.P.
JDS Development Group, FOURTH AVENUE PROPERTY OWNER LLC