Michael Stern (real estate developer)

Last updated
Michael Stern
Born (1979-06-13) June 13, 1979 (age 44)
NationalityAmerican
Occupationreal estate developer
Known forFounder of JDS Development Group
Children2

Michael Stern (born June 13, 1979) is an American real estate developer. [1]

Contents

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. [2]

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. [2] This eventually evolved into the building of townhouses, mid-rises and high-rises. [2] In the early 2000s, he returned to New York, where he built low-rise houses in the four boroughs. [2]

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 [3] [4] [5] with non-union labor, unprecedented for large-scale construction in Manhattan. [4] 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. [8]

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References

  1. ↑ New York Times: "Thirty Minute Interview: Michael Stern" by Vivian Marino July 30, 2013
  2. 1 2 3 4 5 "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 February 01, 2016
  3. 1 2 New York Yimby: "Interview: Michael Stern Of JDS Development" BY: NikolaiI Fedak January 24, 2014
  4. 1 2 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 January 15, 2015
  5. ↑ Curbed New York: "57th Street Tower Ignores the Existence of Taller Neighbors" by Hana R. Alberts March 30, 2015
  6. ↑ Hylton, Ondel (13 July 2015). "New Video Reveals How SHoP's 626 First Avenue Will Dance into Midtown's East River Skyline". 6sqft. Retrieved 25 February 2016.
  7. ↑ "340 Flatbush Ave Ext. Revealed, Brooklyn's First Supertall Skyscraper" . Retrieved 12 November 2015.
  8. 1 2 Crain's New York: "40 Under 40: Class of 2015 - Michael Stern, 35, JDS Development, Founder, managing partner" retrieved May 21, 2016
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