JDS Development Group


JDS Development is an American real-estate development group headquartered in Manhattan, with an additional presence in Miami and Southern Florida. The firm was founded by Michael Stern, a native of Long Island.

History

The JDS Development Group was founded in 2002 by Michael Stern. The company was incorporated as a privately held New York City-based acquisition firm and real estate development. It specializes in luxury housing, leisure and mixed-use developments, it has over 7 million square feet of real estate under construction.
In 2018, Madison Realty Capital has given a construction loan of $137 million to the JDS Development Group for Monad Terrace Condominium located in Miami, Florida.

Developments

JDS has created buildings in Southern Florida, Manhattan, and Brooklyn. Notable developments include The Steinway Tower, 9 DeKalb Avenue, and the American Copper Buildings.
In February 2020, JDS Development Group is planning to develop a 62-story tower in Brickell and construct a land with a Miami fire station. To build a major expansion, the city could suspend fair bidding for a new fire station.