Category: THE REAL DEAL

​Michael Stern’s JDS scores Miami’s largest condo construction loan in nearly a year​

Madison Realty Capital, a real estate investor and lender based in New York, provided a $137 construction loan for Michael Stern’s JDS Development condominium project on South Beach in Miami, Monad Terrace. Partnering with New Valley, Ackerman Development and Mink Development, JDS launched sales of the 59-unit building in February 2017. According to Stern, construction…

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If you party, will they come?

Groundbreakings for residential new development projects in Miami Beach have becoming increasingly important signals to buyers that a project is moving forward with construction. In October 2017, the developer of Monad Terrace—JDS Development Group—held a presentation of the 59-unit project at the sales gallery, followed by a marching band parade that led attendees towards the…

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Monad Terrace at 1300 Monad Terrace

Monad Terrace Project Scores Approval for Design Changes

The striking design of Monad Terrace, a new luxury Miami Beach residence designed by the Pritzker Prize-winning architect Jean Nouvel, is evident from the front entrance—framed by a porte-cochère canopy—that opens onto a double-height lobby overlooking Biscayne Bay. Sales at the development, which has 59 apartments ranging from two to five bedrooms, began in February.…

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JDS, Chetrit land $35M loan for Brooklyn’s tallest tower

JDS Development Group has secured financing to complete the 73-story, mixed-used building at 9 DeKalb Avenue in Downtown Brooklyn. The residential real estate developer has teamed up with Chetrit Group on the 400-residence project, which will become Brooklyn’s tallest tower when it tops out at 1,066 feet. Designed by SHoP Architects, the glass- and bronze-clad…

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Monad Terrace at 1300 Monad Terrace

Michael Stern’s JDS kicks off sales for Monad Terrace in South Beach

Residential real estate developer Michael Stern is poised to launch sales at Monad Terrace, his first building in Miami Beach. The CEO of New York-based real estate firm JDS Development Group has partnered with Pritzker Prize-winning architect Jean Nouvel, investor New Valley, and Ackerman Development, to create the 59-residence luxury building. The waterfront tower, Nouvel’s…

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NYC real estate is becoming a “meritocracy”: Michael Stern

The world of NYC real estate development has transformed from an aristocracy dominated by developers from established real estate dynasties into a leveled “meritocracy”, according to Michael Stern, the head of the JDS Development Group. Speaking at a recent panel hosted by the Downtown Brooklyn Partnership, Stern credited the change to the Internet--which freed information…

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