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.


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...

06/07/18
...supertall rising at 111 West 57th Street, allowing developers Michael Stern and Kevin Maloney to retain their stakes in the project. It’s also become...

05/23/18
...project 111 West 57th Street. The deal allows developers Michael Stern and Kevin Maloney to retain stakes in the project, Crain’s reported. Madison’s...

05/16/18
...Parkside's attorney wasn't immediately available to comment. JDS' Michael Stern declined to comment. Wednesday's criminal complaint follows a 2015 lawsuit that accused the contractor of...

05/16/18
...s very desired by tenants.” For JDS’ CEO Michael Stern, it ended up being a wash at 111 West 57th Street. “There’s not necessary...

05/07/18
...Pam Liebman, Joseph McMillan, Bess Freedman, Miki Naftali, Michael Stern, Ofer Yardeni, Kent Swig, Don Peebles, David Von Spreckelsen, Paul Massey, Jay Neveloff, Doug...