Stella Tower 425 West 50th Street by JDS Development Group & Michael Stern

Michael Stern on Stella Tower, 425 West 50th Street

YIMBY recently visited Stella Tower – at 425 West 50th Street — which is one of the latest ventures by JDS Development and Property Markets Group. With PMG’s Elliot Joseph also in tow, JDS’ Michael Stern led the tour, and described the challenges encountered during the building’s conversion; the project is a sibling to Walker Tower, and was originally built in 1927. CetraRuddy is […]

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Too Rich, Too Thin, Too Tall?

In Midtown Manhattan, thin is in — especially when it comes to new residential development. JDS Development Group, the New York City real estate developers behind Chelsea’s Art Deco Walker Tower, is creating one of the most unique architectural silhouettes the city has ever seen at 111 West 57th Street. The new luxury tower, designed by SHoP architects, will have one of the city’s slimmest profiles upon completion in 2018, standing on a base of just 60 feet while soaring 1,400 feet in the air.

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Walker Tower 212 West 18th Street by JDS Development Group & Michael Stern

Walker Tower Sees First Flip for Near $3 Million Profit

Walker Tower, a JDS Development Group project originally designed by famed Art Deco architect Ralph Walker in 1929, combines state-of-the-art amenities with unobstructed views of New York City. Walker Tower broke records when one of the previously purchased residences was put back onto the market at a $2.9 million increase over the initial buying price after just one week.

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Stella Tower 425 West 50th Street Kitchen by JDS Development Group & Michael Stern

Stella Tower Sales Go Live in April

At Stella Tower – the beautifully repurposed Art Deco building in Hell’s Kitchen – the traditional and the modern meet in condos that provide the spaciousness and finishes demanded by today’s residents as well as details that are reminiscent of the past. Sales begin next month, and top real estate developers JDS Development Group and Property Markets Group believe they should be strong, as the team’s similar Art Deco revival, Walker Tower, opened to celebrity clients and massive sales. Stella Tower will house 51 large, modern condos with top-of-the-line appliances and a range of luxurious amenities.

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111 West 57th Street by JDS Development Group & Michael Stern

Moving Up in the World

Ultra-thin and tall luxury residential towers are soaring skyward in New York City, setting the stage for modernizations that will influence high-rise living worldwide. The slimmest building in construction, 111 West 57th Street by JDS Development Group, is rising up from the courtyard Warren and Wetmore’s landmarked Steinway Hall which will be converted into residences. With the assistance of structural engineer Silvian Marcus, JDS Development is meeting all building codes as well as zoning and other regulations to ensure the safety of the structure and its occupants.

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JDS Development

NYC’s Most Active Developers

As NYC’s housing market continues to boom, there are a few top real estate developers that stand out above the rest in terms of the sheer amount of square footage currently being added to their already impressive portfolios. JDS Development Group is among the top development companies with nearly 1,000 units undergoing construction throughout the five boroughs totaling 1.31 million square feet of residential projects coming to fruition by 2017, including an 800-unit rental building at 626 First Avenue. These numbers do not include Walker Tower’s 53 units.

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