The Real Deal Logo

search

JDS Development Group

Miami Beach Board Critical of Michael Stern’s Tower Proposal
South Florida
Mar 7, 2025

“Out of scale”: Michael Stern’s and Gianluca Vacchi’s condo tower proposal shot down by Miami Beach board, now heads to commission vote

Latest version calls for a 330-foot high-rise; current zoning allows for 150-foot building
Michael Stern, Mercedes-Benz Launch Sales Center for Miami Tower
South Florida
Feb 9, 2025

Launch party at Mercedes-Benz Places oozes pre-pandemic energy

Developers, top agents gather at packed sales center launch
Consultant Alleges Gianluca Vacchi’s Firm Owes $1.7M In Fees
South Florida
Jan 13, 2025

Consultant alleges Michael Stern’s partner Gianluca Vacchi owes $1.7M in fees tied to condo developments

Naples-based firm is suing Vacchi’s GV Development Group over allegedly unpaid work evaluating three projects, including planned Mercedes-Benz and Dolce & Gabbana towers
Italian Gianluca Vacchi Partners With Michael Stern
South Florida
Oct 29, 2024

Meet Michael Stern’s new partner, Italian entrepreneur Gianluca Vacchi

Stern’s JDS formed a joint venture with Vacchi’s GV Development Group to invest in $4B pipeline
Michael Stern Plans Miami Beach Tower on Condo Buyout Site
South Florida
Oct 27, 2024

Michael Stern’s JDS plans luxury condo next to Monad Terrace in Miami Beach

Developer has nearly 100% buy-in from owners of Bay Garden Manor property, and is proposing a 29-story tower on the site
Michael Stern Taps One Sotheby’s to Replace Official at 888 Brickell
South Florida
Jul 26, 2024

One Sotheby’s taking over sales of Michael Stern’s Dolce & Gabbana condo tower

Official, Side-backed firm co-founded by Oren and Tal Alexander, previously led sales
Michael Stern’s JDS Buys Dolce & Gabbana Brickell Tower Site
South Florida
Apr 24, 2024

Michael Stern pays $61M for Brickell site of Dolce & Gabbana supertall

His JDS Development previously planned a Major Food Group-branded condo project for the Miami site
FAQ for Michael Stern’s 9 DeKalb, tower facing foreclosure
New York
Apr 4, 2024

What’s next for Michael Stern’s troubled 9 DeKalb?

Questions surround the dark, distinctive tower. Here are some answers
Michael Stern Defaults on Brooklyn’s 9 DeKalb Ave
New York
Mar 27, 2024

Michael Stern defaults on Brooklyn’s tallest tower

JDS Development had tried to sell part of 9 DeKalb last year
Michael Stern’s JDS Launches Sales for Mercedes-Benz Condos
South Florida
Feb 26, 2024

Michael Stern’s JDS launches sales for Mercedes-Benz branded Brickell condo tower

Serhant leading marketing for 67-story, 791-unit project
Michael Stern Taps Alexanders For Dolce & Gabbana Miami Tower
South Florida
Sep 13, 2023

Michael Stern taps Official for Dolce & Gabbana condo sales

Sales of 90-story, 259-unit condo tower expected to launch in the coming weeks
JDS’ Michael Stern, 111 W 57th Street, Apollo Commercial Real Estate Finance's Stuart Rothstein (Getty, Short final/CC BY-SA 4.0/via Wikimedia Commons, JDS, Apollo Commercial Real Estate Finance)
New York
Aug 2, 2023

Apollo writes off mezz at 111 West 57th Street

Lender dimmed sales expectations at JDS Development, Property Markets Group tower
JDS Development's Michael Stern with rendering of 9 DeKalb Avenue
New York
Mar 7, 2023

Stern puts rental portion of Brooklyn supertall on market

Stern’s JDS Development selling apartment, retail piece of 9 DeKalb Ave but will hold onto condos
From left: JDS Development Group's Michael Stern and Susquehanna International Group's Tim Gong along with 111 West 57th Street (Photo Illustration by Steven Dilakian for The Real Deal with JDS, SIG China, TikTok and Kidfly182, CC BY-SA 4.0 - via Wikimedia Commons)
New York
Nov 30, 2022

TikTok investor buys twice 111 West 57th Street

Tim Gong paid $34M for two condos at Billionaires’ Row supertall
JDS Development’s Michael Stern and renderings of Two Bridges (JDS, Getty)
New York
Nov 18, 2022

JDS hits snag after ruling on Two Bridges project

Court rejects appeal to merge lots without ground tenant’s approval
From left: Councilmember Christopher Marte, Gary Barnett, JDS Development’s Michael Stern, Joseph Chetrit and a rendering of Two Bridges (Getty)
New York
Oct 24, 2022

Another lawsuit looks to stop Two Bridges developments

Residents weaponize state’s new “green amendment” to challenge projects
Abandoned banks converted into offices
New York
Oct 15, 2022

Developers circle abandoned banks for resi, flex-office conversions

Banks have closed 4,500+ since 2020, creating opportunities for adaptive reuse
From left: Michael Stern, Kevin Maloney and Bobby Zar with 111 West 57th Street (left) and 43 East 53rd Street (Getty, SHoP Architects, Google Maps)
New York
Oct 11, 2022

Steinway Tower refi topped Manhattan loans in September

Ritzy supertall with bumpy financial history marches on at 111 West 57th Street
From left: Extell's Gary Barnett and JDS Development’s Michael Stern along with One Manhattan Square, The Narrows, and 111 West 57th Street (Extell, JDS Development, Getty Images, The Narrows Condo)
New York
Aug 5, 2022

New development sales plummeted 30% in July

Condo sales hit their lowest mark of the year, dipping below pre-pandemic levels
JDS Development's Michael Stern and Major Food Group partner and co-founder Jeff Zalaznick with renderings of the project at 888 Brickell Avenue (JDS Development, Major Food, Illustration by The Real Deal with Getty)
South Florida
Jul 22, 2022

Major Food Group exits JV in Stern’s Miami condo tower

JDS is expected to announce new brand in the fall for the former Major high-rise on Brickell