Michael Stern (real estate developer)

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

Michael Stern
Born (1979-06-13) June 13, 1979
NationalityUnited States
Occupationreal estate developer
Known forFounder of JDS Development Group
Children2

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]

References
  1. New York Times: "Thirty Minute Interview: Michael Stern" by Vivian Marino July 30, 2013
  2. "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. New York Yimby: "Interview: Michael Stern Of JDS Development" BY: NikolaiI Fedak January 24, 2014
  4. 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. 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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