The 30-Minute Interview: Michael Stern

Michael Stern Mr. Stern, 34, is the managing partner of the JDS Development Group, which specializes in multifamily homes and retail space in the New York area and in South Florida. The company’s projects include Walker Tower in Chelsea and Steinway Hall, both of which it is developing with the Property Markets Group. 

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202 8th Street Brooklyn by JDS Development Group & Michael Stern

Gowanus Gettin’ its Groove with Snazzy New Apartments

Brooklyn’s Fourth Avenue, spanning Park Slope and Gowanus, has undergone a vital transformation recently, with new residential construction altering the formerly industrial character of the area. A group of new luxury condo buildings istaking shape here, including 202 8th Street, a rental building from JDS Development and Property Markets Group [CUT] that was designed by CetraRuddy. 202 8th Street is a cut above many of its neighboring developments, according to managing director Steve Laurelli, who notes that its interior finishes are of a much higher quality than is typically found even in luxury rentals. In addition, there are appliances by Liebherr, Blomberg, Electrolux, and Bosch and fixtures by Moen, Duravit, and Kohler. A large roof deck features green space and panoramic views of the New York City skyline—just one of three outdoor spaces that this unique building offers its residents.

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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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