JDS Development Group

JDS Development Group
Company typePrivate
IndustryReal estate development
FounderMichael Stern
Headquarters
New York City
,
United States
Number of employees
500
WebsiteJDS Homepage

JDS Development is an American real-estate development group headquartered in Manhattan, New York, with an additional presence in Miami and South Florida. The firm was founded by Michael Stern, a native of Long Island.[1]

History

The JDS Development Group was founded in 2002 by Michael Stern. The company was incorporated as a privately held New York City-based acquisition firm and real estate development. It specializes in luxury housing, leisure and mixed-use developments, it has over 7 million square feet of real estate under construction.[2]

In 2018, Madison Realty Capital gave a construction loan of $137 million to the JDS Development Group for Monad Terrace Condominium located in Miami, Florida.[3]

Developments

JDS has created buildings in South Florida, as well as Manhattan and Brooklyn in New York City. Notable developments include The Steinway Tower, The Brooklyn Tower, 9 DeKalb Avenue, and the American Copper Buildings.[4][5][6]

References

  1. ^ Marino, Vivian (30 July 2013). "Michael Stern". The New York Times. Retrieved 26 February 2016.
  2. ^ "JDS Development Group". TRData. Retrieved 10 April 2020.
  3. ^ "JDS Development Group Secures $137 Million Construction Financing From Madison Realty Capital for Distinctive Miami Beach Condominium Monad Terrace". GlobeNewswire. 25 April 2018. Retrieved 10 April 2020.
  4. ^ "111 West 57th Street - JDS Development Group". JDS Development Group. Archived from the original on 28 June 2016. Retrieved 28 May 2015.
  5. ^ "340 Flatbush Ave Ext. Revealed, Brooklyn's First Supertall Skyscraper". 9 November 2015. Retrieved 12 November 2015.
  6. ^ Hylton, Ondel (13 July 2015). "New Video Reveals How SHoP's 626 First Avenue Will Dance into Midtown's East River Skyline". 6sqft. Retrieved 25 February 2016.
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