JDS Development Group

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

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

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 has given 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 Southern Florida, Manhattan, and Brooklyn. Notable developments include The Steinway Tower, 9 DeKalb Avenue, and the American Copper Buildings.[4][5][6]

In February 2020, JDS Development Group is planning to develop a 62-story tower in Brickell and construct a land with a Miami fire station. To build a major expansion, the city could suspend fair bidding for a new fire station.[7]

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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. Retrieved 28 May 2015.
  5. "340 Flatbush Ave Ext. Revealed, Brooklyn's First Supertall Skyscraper". 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.
  7. "Developer could rebuild Brickell fire station with 62-story project". The Business Journals. 21 February 2020. Retrieved 28 July 2020.
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