Walker Tower – JDS Development

JDS Development’s managing partner Michael Stern has stated that the full-scale retrofit of the iconic Art Deco Verizon Building will turn the former commercial space into one of the “finest residential buildings” in NYC—and strong sales thus far seem to support his claim. Stern took a risk on this purchase, making it on the same day Lehman Brothers collapsed, sending the economy into turmoil. The buzz around the new luxury residential space now known as Walker Tower proves that, to become a top real estate developer in NYC, you can’t be afraid to take risks and defy conventional wisdom.

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