Kategorie: CRAIN’S NEW YORK

Developer Secures $50 Million in Construction Loans for Park Slope Condo

JDS Development has received a multimillion-dollar loan from G4 Capital Partners for the luxury residential building known as Baltic. The Park Slope condo represents just one of the noted firm’s current projects in Brooklyn and Manhattan. Since providing initial financing to purchase the property on the corner of Baltic Street and Fourth Avenue two years…

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The world’s tallest copper-clad towers will be linked by a sky bridge that’s also a lap pool

When JDS Development’s American Copper Buildings are completed, they will be the tallest copper-clad towers in the world. The NYC real estate developers behind the project have ensured that the buildings are exceptional in more ways than one; there’s a 75-foot lap pool that spans the skybridge, and rooftop generators that provide each apartment with…

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Developers close deal that allows Brooklyn’s tallest tower

Following their recent purchase of the Dime Savings Bank building in downtown Brooklyn from JPMorgan Chase, JDS Development Group is planning to build the city’s tallest tower outside Manhattan on the bank building’s adjacent property. JDS was able to transfer the property’s 300,000 square feet of unused development rights to the adjacent site they also…

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Condo Developers Prefer Midblock Projects

There’s a reason many New York City real estate developers are focusing their attention on midblock properties. Michael Stern of JDS Development Group is following the trend by building his latest high-end residences on a block of West 24th Street between 10th and 11th Avenues rather than erecting a new structure on a corner or…

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$172M sale of prime East River site closes

One of New York City’s busiest developers has officially added another high-profile development project to his growing portfolio. Last week, 33-year-old Michael Stern, managing partner of JDS Development Group, closed on the acquisition of a two-acre parcel that was owned by Sheldon Solow on the former Con Edison site along the East River in Kips…

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