$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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No nosy neighbours here! Celebrities flock to luxury New York apartment tower with 18 inch walls and soundproof floors

The 1929 Art Deco building that once housed the New York Phone Company was built to assert the firm’s corporate presence and stability. Nearly a century later, JDS Development Group has embraced the impressive structure and converted it into luxury residences. The top real estate developer recognized the robust building’s potential for offering residents a much-desired degree of privacy. With its 18-inch-thick walls, steel-framed structure, and concrete casings as well as its sophisticated amenities and dazzling 360-degree rooftop views, the property is attracting a very exclusive clientele.

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