Michael Stern (real estate developer) explained
| Michael Stern |
| Birth Date: | 13 June 1979 |
| Nationality: | American |
| Occupation: | real estate developer |
| Known For: | Founder of JDS Development Group |
| Children: | 2 |
Michael Stern (born June 13, 1979) is an American real estate developer.[1]
Early life
Stern was born on June 13, 1979, to a Jewish family and raised in Five Towns on Long Island.[2] He is a graduate of Lawrence High School.
Career
After school, he took a job as a project manager for a developer in Florida and after three years - with funding from friends and family - he began to build spec homes on the side. This eventually evolved into the building of townhouses, mid-rises and high-rises. In the early 2000s, he returned to New York, where he built low-rise houses in the four boroughs.
In a joint venture with Kevin P. Maloney's Property Markets Group, JDS completed the conversion of the Walker Tower at 212 West 18th Street in Chelsea into condominiums[3] and is building the 1,428 foot 111 West 57th Street in Manhattan[4] [5] with non-union labor, unprecedented for large-scale construction in Manhattan. JDS is also developing the American Copper Buildings (originally known as 626 First Avenue), a dual-tower residential skyscraper under construction in the Kips Bay neighborhood of New York City, in Manhattan[6] and the 1,066 foot 9 DeKalb Avenue in Brooklyn, which would become the tallest structure in New York City outside Manhattan.[7]
He was named to the 40 Under 40: Class of 2015 by Crain's New York.[8]
Personal life
Stern is divorced and has two children.
Notes and References
- https://www.nytimes.com/2013/07/31/realestate/commercial/michael-stern.html?_r=0&mtrref=www.google.com&gwh=D3AC7C6A5D429672BD7A53122706656D&gwt=pay New York Times: "Thirty Minute Interview: Michael Stern" by Vivian Marino
- https://therealdeal.com/issues_articles/the-closing-michael-stern/ "The Closing - Michael Stern: The JDS wunderkind on getting kicked out of yeshiva, his latest projects and the truth about Billionaires' Row" By E.B. Solomont
- http://newyorkyimby.com/2014/01/interview-michael-stern-of-jds-development.html New York Yimby: "Interview: Michael Stern Of JDS Development" BY: NikolaiI Fedak
- http://therealdeal.com/blog/2015/01/15/solidarity-never-jds-pmg-look-to-build-supertall-tower-sans-union-labor/ The Real Deal: "Solidarity Never: JDS, PMG look to build supertall tower sans union labor - 'It would be unprecedented': Extell's Gary Barnett, on 111 West 57th St
- http://ny.curbed.com/archives/2015/03/30/57th_street_tower_ignores_the_existence_of_taller_neighbors.php Curbed New York: "57th Street Tower Ignores the Existence of Taller Neighbors" by Hana R. Alberts
- Web site: New Video Reveals How SHoP’s 626 First Avenue Will Dance into Midtown’s East River Skyline. Hylton. Ondel. 13 July 2015. 6sqft. 25 February 2016.
- Web site: 340 Flatbush Ave Ext. Revealed, Brooklyn’s First Supertall Skyscraper. 12 November 2015.
- http://www.crainsnewyork.com/40under40/2015/Stern Crain's New York: "40 Under 40: Class of 2015 - Michael Stern, 35, JDS Development, Founder, managing partner"
