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 ago, G4 has continued to work with JDS throughout the construction process. When complete in the summer of 2017, Baltic will stand 11 stories tall and house 44 new, custom-designed residences.

Read More

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 power in the unlikely event of a grid failure. The American Copper Buildings house 761 residences and are poised to set a new standard for style and comfort.

Read More

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 own at 340 Flatbush Avenue Extension/9 DeKalb Avenue. The real estate developers plan to build a 600,000-square-foot residential tower that will be more than 1,000 feet high when complete.

Read More

Brooklyn may soon get a tower nearly as tall as the Empire State Building

Downtown Brooklyn will soon be home to a skyscraping new addition. Next door to iconic eatery Junior’s and on the site of the former Dime Savings Bank, New York City real estate developer JDS Development is erecting a tower that will rival the impressive stature of the Empire State Building. When the forthcoming luxury tower reaches its predicted height of over 1,000 feet, it will be nearly twice the size of Brooklyn’s highest building and among the tallest structures in the entire city.

Read More

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 sprawling avenue. “Buyers want to be on the midblock because they want the privacy, and they respond to its distinctly quieter, more residential feel,” Stern says.

Read More

$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 […]

Read More