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 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.


11/02/18
...Building 1,066 ft. At 1,066 feet tall, Michael Stern’s JDS Development Group is building what is slated to be Brooklyn’s tallest tower: 9 DeKalb Avenue. The...

...View at MiMA, while Bold New York landed JDS Development Group’s American Copper Buildings after Citi Habitats resigned. Meanwhile, Douglas Elliman is now marketing...

...Building 1,066 ft. At 1,066 feet tall, Michael Stern’s JDS Development Group is building what is slated to be Brooklyn’s tallest tower: 9 DeKalb Avenue. The...

10/31/18
...th Street in Woodside,  and Michael Stern’s JDS Development Group recently bought them out of the 73-story mixed-use development at 9 Dekalb Avenue in Downtown...

10/11/18
...slower than technology,” said developer Michael Stern, whose JDS Development Group spent $25,000 to upgrade outdated tech at its condo conversion Walker Tower a few years...

...slower than technology,” said developer Michael Stern, whose JDS Development Group spent $25,000 to upgrade outdated tech at its condo conversion Walker Tower a few years...

09/26/18
...May provided a $34 million condo inventory loan to JDS Development Group’s 613 Baltic Street in Brooklyn. Other top-performing funds include TH Real Estate — the property...

09/24/18
...West 17th Street, as well as units at JDS Development Group and Property Markets Group's Stella Tower...

09/13/18
...caps a tumultuous few years for Stern’s JDS Development Group and Maloney’s Property Markets Group, who acquired the site in 2013 for $132 million (plus...

...May provided a $34 million condo inventory loan to JDS Development Group’s 613 Baltic Street in Brooklyn. Other top-performing funds include TH Real Estate — the property...

08/15/18
...a kind of reverse psychology for buyers — or JDS Development Group and Property Markets Group believe the building was underpriced — the increase comes as the...

08/03/18
...Flatbush Avenue, Joseph Chetrit, and Michael Stern (Credit: JDS Development Group and Studio Scrivo) Michael Stern’s JDS Development Group is taking full ownership of...

07/31/18
...higher-density zones,” said Michael Stern, the CEO of JDS Development Group. “It’s not impossible, but I don’t think you are going to see...

07/27/18
...Developments opting for the shared space strategy include JDS Development Group...

07/26/18
...brokerage was terminated without warning on May 16. While JDS Development Group and Property Markets Group contend that the brokerage missed sales benchmarks, Corcoran said in...

07/24/18
...Largo is a frequent collaborator of Michael Stern's JDS Development Group. The two companies jointly own a portfolio that includes the American Copper Buildings, a...

07/20/18
...Sunshine Marketing Group filed a $30 million suit against JDS Development Group and Property Markets Group, alleging they sabotaged the sales effort at 111 West 57th Street...

07/11/18
...higher-density zones,” said Michael Stern, the CEO of JDS Development Group. “It’s not impossible, but I don’t think you are going to see...

07/04/18
...biggest Miami condo projects of this cycle — Related, JDS Development Group, Swire Properties and others — are keeping mum about future condo projects, focusing instead on...

...higher-density zones,” said Michael Stern, the CEO of JDS Development Group. “It’s not impossible, but I don’t think you are going to see...

06/27/18
...City Department of Finance records. The penthouse — at JDS Development Group and Property Market Group’s 212 West 18th Street — hit the market last year for...

06/26/18
...also moved the review process to the fall. JDS Development Group is planning a 79-story tower at 247 Cherry Street, and a joint venture between L...

06/26/18
...biggest Miami condo projects of this cycle — Related, JDS Development Group, Swire Properties and others — are keeping mum about future condo projects, focusing instead on...

06/21/18
...units. The suit, filed late Wednesday, contends that JDS Development Group and Property Markets Group breached its contract with Corcoran when it allegedly terminated the...

05/23/18
...per sf: $5,542 Number of sales: 21 3) Walker Tower Developer: JDS Development Group, Property Markets Group Average price per sf: $5,050 Number of sales: 2 4) Residences at the Mandarin...
JDS Development Group, CEO
104 Fifth Avenue, New York, NY, (212) 974-2844
Michael Stern is the founder of the privately held JDS Development Group, a...
  • Event Financing
  • Address 613 Baltic Street
  • Neighborhood Park Slope
  • Borough Brooklyn
  • Square feet 59,000
  • Price $ 34,000,000
notes
The owner secured a $34 million refinancing loan for the Park Slope property.
  • Event Financing
  • Address 9 Dekalb Avenue
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Square feet 7,555,734
  • Price $ 135,000,000
notes
The developers secured a $135 million bridge and pre-development loan for the mixed-use retail and multifamily tower.
  • 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 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 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 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
  • 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 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 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
  • 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 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
  • 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 14B
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 4,073,000
  • 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
  • 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
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12/28/16
...per square foot. 5. The Baltic 613 Baltic Street Developer: JDS Development Group Projected Sellout: $89.5 million Units: 44 Type: New construction JDS Development Group bought the land on...

12/20/16
...tower served as an office for Verizon before JDS Development Group and Property Markets Group converted it to high-end condos. 7. 432 Park Avenue, Unit 64A | $44.8 million...

12/31/15
...million for a triplex penthouse at 520 Park Avenue, JDS Development Group and Property Markets Group are reportedly going to launch $100 million-plus penthouses at 111 West 57th...

...the building into condos with Michael Stern’s JDS Development Group. (Graves put one of those units, 18C, which was asking $10.5 million, into contract last...

...th Street, and Stella Tower, the follow-up by JDS Development Group and Property Markets Group’s Walker Tower in Chelsea. The company has 2,121 units across...

...sale Walker Tower (212 West 18th Street) In January, JDS Development Group and PMG sold a unit at Walker Tower, the one-time Verizon Building that the...
Brooklyn, 11201
Chetrit Group|JDS Development Group, 340 FAE OWNER LLC
9 Dekalb Avenue, also known as the Dime Savings Bank of New York,...
Manhattan, 10019
JDS Development Group, 435 WEST 50 PROPERTY OWNER, L.P.
The sponsor(s) filed plans on 09/23/13 for a condo project at 425 West...
Brooklyn, 11217
JDS Development Group, FOURTH AVENUE PROPERTY OWNER LLC
The sponsor(s) filed plans on 08/21/15 for a condo project at 613 Baltic...
Brooklyn, 11201
CHETRIT GROUP, 340 FAE OWNER LLC
This property is a new development. The developer(s) filed plans in June of...