JDS Development’s Michael Stern dishes on inspiration behind 9 DeKalb: VIDEO


 
For Michael Stern, the motive behind 9 Dekalb isn’t about establishing Brooklyn as the next frontier for supertall towers. It’s about constructing a landmark property in the borough.

During The Real Deal’s Real Estate Showcase and Forum in Toronto, the JDS Development Group CEO said his firm used the Dime Saving Bank of Brooklyn as inspiration for the rental tower, which will rise from the base of the landmarked building.

“Interestingly there are a lot of similarities between this tower and 111 West 57th, being the combination of a landmark juxtaposed with a modern new tower,” Stern said. “We really took the inspiration from the landmark and responding to city and the environment around us.”

Switching gears to Manhattan, Stern predicted his supertall skinny condo at 111 West 57th Street will become an “icon.” Sales for the residential tower, which his firm is co-developing with Kevin Maloney’s Property Markets Group, won’t launch until 2017.

Watch the above video for a look at the one-on-one interview with managing web editor Hiten Samtani.


By Alistair Gardiner, The Real Deal

Original Article: Click Here

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