Michael Stern | The Real Deal New York

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Michael Stern

CEO
JDS Development Group
104 Fifth Avenue
New York, NY 10011
(212) 974-2844
Website

Michael Stern is the founder of the privately held JDS Development Group, a real estate development firm based in New York City. The firm, founded in 2002, specializes in luxury residential, hospitality and mixed-use projects and has several million square feet of property under development. (See our JDS Development Group Topics page for a full list of projects.) 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. Stern has worked with Kevin Maloney's Property Markets Group on a number of development projects.


10/16/18
...which it’s pouring $560 million into renovating. And Michael Stern’s JDS Development is completing a 60-unit rental with prices ranging from $2,650 to $4,300 — significantly...

10/11/18
...Michael Stern (blue), Jodi Stasse (red), Jordan Sachs (yellow), and the American Copper Building at 626 1st...

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a lot slower than technology,” said developer Michael Stern, whose JDS Development Group spent $25,000 to upgrade outdated tech at its condo conversion Walker...

10/05/18
...Domenick Tonacchio (red), Michael Stern (blue), and renderings of 613 Baltic Avenue in Brooklyn (Credit: Domenick Tonacchio) A Staten Island-based...

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a lot slower than technology,” said developer Michael Stern, whose JDS Development Group spent $25,000 to upgrade outdated tech at its condo conversion Walker...

09/21/18
...up financing from Sorid and her team include Michael Stern’s JDS Development, Toby Moskovits’ Heritage Equity Partners and Arthur Becker. Most recently, Eran...

09/17/18
...Ryan Serhant,  a rendering of 9 DeKalb Avenue, and Michael Stern (Credit: Getty Images and JDS Development) Either Ryan Serhant wore Michael Stern down with...

09/13/18
...club chair with his back to Fifth Avenue, Michael Stern soberly turned to the crowd of reporters. “It’s been a long journey to...

09/11/18
...landmark transition.” Open-shop town? Three years ago, developer Michael Stern made headlines for hiring nonunion labor at 111 West 57th Street — one of the tallest...

...up financing from Sorid and her team include Michael Stern’s JDS Development, Toby Moskovits’ Heritage Equity Partners and Arthur Becker. Most recently, Eran...

...landmark transition.” Open-shop town? Three years ago, developer Michael Stern made headlines for hiring nonunion labor at 111 West 57th Street — one of the tallest...

08/28/18
...West 14th and 12 Warren streets — and JDS’s Michael Stern also said they believed that developers would continue to buy more construction-related companies in...

08/16/18
...From left: Michael Stern, Jed Walentas and Steve Ross In 1898, Julius Tishman built a six-story tenement building, ultimately...

08/15/18
...Kevin Maloney (purple), Michael Stern (green), and 111 West 57th Street (Credit: Getty Images, 111w57, and iStock) The luxury market...

08/03/18
...left: Renderings of 9 Flatbush Avenue, Joseph Chetrit, and Michael Stern (Credit: JDS Development Group and Studio Scrivo) Michael Stern’s JDS Development Group is...

08/02/18
...are Moishe Mana, Louis Birdman, Kieran Bowers and Michael Stern, who have signed on for our top developers panel.  The event will bring together...

07/31/18
...years getting rid of the higher-density zones,” said Michael Stern, the CEO of JDS Development Group. “It’s not impossible, but I don’t...

07/30/18
...Top row: Howard Lorber, Moishe Mana, Mauricio Umansky, Michael Stern and Jackie SofferBottom row: Kieran Bowers, Louis Birdman, Jonathon Yormak and David Arditi The...

07/24/18
...build condos. Largo is a frequent collaborator of Michael Stern...

07/18/18
...Developers Moishe Mana, Louis Birdman, Kieran Bowers and Michael Stern have signed on for our top developers panel; Turnberry's Jackie Soffer and East End...

07/11/18
...years getting rid of the higher-density zones,” said Michael Stern, the CEO of JDS Development Group. “It’s not impossible, but I don’t...

07/04/18
...under contract for more than $1,800 a foot, developer Michael Stern said. JDS, one of Miami’s largest condo developers in terms of number of...

...years getting rid of the higher-density zones,” said Michael Stern, the CEO of JDS Development Group. “It’s not impossible, but I don’t...

06/26/18
...under contract for more than $1,800 a foot, developer Michael Stern said. JDS, one of Miami’s largest condo developers in terms of number of...

06/21/18
...Left to right: Kevin Maloney, Michael Stern, Pam Liebman, Kelly Mack, and 111 West 57th Street (Credit: Getty Images, Studio Scrivo, and...