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.


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...

...money; it’s because we had great architects. Michael Stern Michael Stern CEO, JDS Development You hired an architectural historian to work at your...

04/06/18
...massive payout if a separate lawsuit against developers Michael Stern and Kevin Maloney is successful. The suit was filed in New York State Supreme...

03/30/18
...a legal battle against the tower’s developers Michael Stern and Kevin Maloney, claiming it is owed a $136 million payout. AmBase bought a 59 percent...

03/19/18
...Avenue for $172 million to JDS Development Group. The Michael Stern...

02/22/18
...From left: 514 West 24th Street, Josh Zegen, Michael Stern Michael Stern’s JDS Development and its partner Largo Investments landed a $91 million loan...

01/31/18
...later fell out with the building’s developers, Michael Stern’s JDS Development and Kevin Maloney’s Property Markets Group. Amid the dispute and...

01/26/18
...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...

01/24/18
...From left: Kevin Maloney, Michael Stern and a rendering of 111 West 57th Street The owners of 111 West 57th Street notched...

01/18/18
...the bridge,” he said. Gregg Pasquarelli JDS founder Michael Stern told The Real Deal in June that he wanted to do something other than...

01/11/18
...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...

...the bridge,” he said. Gregg Pasquarelli JDS founder Michael Stern told The Real Deal in June that he wanted to do something other than...

...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...

12/21/17
...Clock Tower. And finally, AmBase sued Maloney, partner Michael Stern and Spruce Capital Partners for allegedly trying to squeeze it out of a project...

12/05/17
...jet owners out there — Steve Witkoff, Jeff Greene, Michael Stern and Richard LeFrak, to name a few — are probably pleased with the change...

12/04/17
...at Morimoto was a culinary treat. This year, Michael Stern...

12/01/17
...way to go: up,” said JDS Development’s Michael Stern, who was seen chatting with TerraCRG’s Ofer Cohen and Town Residential’s Andrew...

11/16/17
...say developers aren’t aware of the risks. Michael Stern’s JDS, for instance, is completing a 60-unit project bounded by Beach 5th and...

11/13/17
...West 57th Street spire and its two sponsors — Michael Stern’s JDS Development and Kevin Maloney’s Property Markets Group. As of mid-October, the...

11/07/17
...was effectively impossible to do so. 247 Cherry Street Michael Stern promises to pay for flood barriers in exchange for air rights Michael Stern’s...
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