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

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.


01/09/17
...Boo!” the young man shouted, directing his anger at the JDS Development Group CEO and stunning the room into silence. “You greedy corporate...

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
...American Copper Buildings in Kips Bay (credit: JDS) Michael Stern's JDS Development Group and Largo Investments landed $660 million in financing for their American...

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
...s renowned sea bass. So it’s no surprise that JDS Development Group drew a packed house to its Chelsea bash. Host Michael...

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
...Boo!" the young man screamed, directing his anger at the JDS Development Group CEO and stunning the room into silence. “You greedy corporate...

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
...at least March — not May, as suggested. A spokesperson for JDS Development Group, which developed the project along with Property Markets Group, declined...

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
...Barnett’s rivals have decided to wait out the slowdown. JDS Development Group and Property Markets Group delayed sales at their skinny supertall...

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,...

09/08/16
Kudos to Trevor Noah for surviving his first year in New York City. Tags: Celebrity Homes, stella tower ...

09/07/16
As far as trends among residential developers go, hyping an apartment building with its LEED certification may be going the way of the fedora. Tags:...

09/07/16
...loan transactions — the largest being a $725 million construction loan for JDS Development Group and Property Markets Group’s supertall tower at 111 West 57th...

08/30/16
Tech investor Arthur Becker is now the proud owner of three adjacent townhouses on Sullivan Street in Soho in exchange for his stake in the...

08/16/16
A Property Markets Group executive finally shed his duplex at Walker Tower by selling it to Kayak.com CEO Steven Hafner for $24 million. Tags: walker...

08/15/16
Three projects planned for Two Bridges have narrowly dodged a lengthy land use procedure. Tags: 247 Cherry Street, city planning commission, One Manhattan Square ...
To see all, go to Advanced Search
  • 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
  • Publication Date 09/01/2015
  • Event Date 07/23/2015
  • Party 1 JDS Development Group
  • Party 2 Santander Bank
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 15G
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,807,394
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12G
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 3,665,700
  • Publication Date 03/24/2015
  • Event Date 03/11/2015
  • Party 1 JDS Development Group, Property Markets Group
  • Party 2 WESTBURY HOLDINGS
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 10E
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 2,851,100
  • Publication Date 03/18/2015
  • Event Date 03/10/2015
  • Party 1 JDS Development Group, Property Markets Group
  • Party 2 Mehmet Karabag
notes
[EMPTY]
  • Event Residential Sales
  • Building Name 425 West 50th Street
  • Address Unit 10E, 425 West 50th Street
  • Unit 10E
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,513
  • Price $ 2,851,100
  • Price per foot $ 1,884.40
  • Publication Date 03/18/2015
  • Event Date 03/10/2015
  • Party 1 JDS Development Group
  • Party 1 Entity 435 West 50 Property Owner, L.P.
  • Party 2 Karabag, Mehmet Can
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 14B
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 4,073,000
notes
[EMPTY]
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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
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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...

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Manhattan, 10011
Property Markets 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
...
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