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

In New York, Downtown Looks Up

In the rebirth of downtown living in New York, first there was the converted gritty industrial loft, then the minimalist “glass box” condo tower. Now the glass box has given way to a new demand—for elaborately finished condominiums that echo the gracious prewar apartments of the Upper East Side.

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On The Market

With its latest project, Walker Tower, JDS Development Group is paying homage to visionary architect Ralph Walker. In 1929, Walker designed an exuberant new building for the New York Telephone Company (and its new technology). Constructed before height restrictions, Walker Tower boasts unobstructed views in all directions. By rejuvenating the building, JDS Development is creating a state-of-the-art residential tower in New York City that can never be replicated: a soaring prewar residence with a sterling architectural heritage.

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Walker Tower – JDS Development

JDS Development’s managing partner Michael Stern has stated that the full-scale retrofit of the iconic Art Deco Verizon Building will turn the former commercial space into one of the “finest residential buildings” in NYC—and strong sales thus far seem to support his claim. Stern took a risk on this purchase, making it on the same day Lehman Brothers collapsed, sending the economy into turmoil. The buzz around the new luxury residential space now known as Walker Tower proves that, to become a top real estate developer in NYC, you can’t be afraid to take risks and defy conventional wisdom.

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Walker this Way

Many top real estate developers have added stunning pre-war offerings to their mix of high-end luxury residences currently for sale in Manhattan. For example, take JDS Development Group’s 53-unit, 1929 Art Deco building designed by Ralph Walker, known as Walker Tower. The skyscraper’s stunning and highly sought-after homes offer spacious accommodations, top amenities, and historic charm, but not without a hefty price tag. Thankfully, New York’s most discerning homebuyers don’t mind fronting the sum if the result is securing an ultra-luxurious living situation.

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