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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Walker Tower PH Sells For $50.9M, Sets Downtown Record

As expected, the penthouse of Chelsea’s highly-acclaimed Walker Tower sold for more than $50 million, setting a new record for the most expensive home ever sold in Downtown Manhattan. The Journal reports that the all-cash deal closed for $50.9 million, and, evidently, the unnamed buyer was in the space “less than five minutes” before stating “I’ll take it.” Because $50M spur-of-the-moment decisions are never […]

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

NYC Walker Tower Sets Downtown Record at $55 Million

The penthouse of Chelsea’s Walker Tower recently went under contract, breaking a record for the area. Co-developer JDS Development’s managing partner Michael Stern said the sale was finalized for just “a hair under” the asking price of $55 million, making it the most expensive residential sale in downtown Manhattan to date. The massive, 5,955-square-foot, full-floor condominium boasts three fireplaces, five bedrooms, five bathrooms, and expansive 360-degree views. Of this historic sale, Stern says, “It’s yet another vindication by the market of the incredible quality of this building.” Manhattan’s skyward ascension is showing no sign of slowing down.

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

This New Glass Tower In Midtown Will Be Taller, Skinnier Than Empire State Building

The leading real estate developer, JDS Development Group, is erecting a 1,350-foot tower ascending from the Steinway Building’s courtyard at 107 West 57th Street. The Landmarks Preservation Commission sanctioned the project, which includes plans for the restoration of the Steinway Building and the creation of new luxury residences. Upon completion, the skyscraper will boast spectacular views that include the roof of the Empire State Building.

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