Michael Stern (born June 13, 1979) is an American real estate developer.
Early life
Stern was born on June 13, 1979 to a
Jewish
Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...
family and raised in
Five Towns
The Five Towns is an informal grouping of villages and hamlets in Nassau County, United States on the South Shore of western Long Island adjoining the border with Queens County in New York City. Although there is no official Five Towns d ...
on
Long Island.
["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 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
Chelsea or Chelsey may refer to:
Places Australia
* Chelsea, Victoria
Canada
* Chelsea, Nova Scotia
* Chelsea, Quebec
United Kingdom
* Chelsea, London, an area of London, bounded to the south by the River Thames
** Chelsea (UK Parliament const ...
into condominiums
[New York Yimby: "Interview: Michael Stern Of JDS Development" BY: NikolaiI Fedak]
January 24, 2014 and is building the 1,428 foot
111 West 57th Street
111 West 57th Street, also known as Steinway Tower, is a supertall residential skyscraper in the Midtown Manhattan neighborhood of New York City. Developed by JDS Development Group and Property Markets Group, it is situated along Billionaires' R ...
in Manhattan
[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, 2015Curbed New York: "57th Street Tower Ignores the Existence of Taller Neighbors" by Hana R. Alberts
March 30, 2015 with non-union labor, unprecedented for large-scale construction in Manhattan. JDS is also developing the American Copper Buildings
The American Copper Buildings (originally known as 626 First Avenue) are a pair of luxury residential skyscrapers in the Murray Hill neighborhood of Manhattan in New York City. The buildings were developed by JDS Development and were designed ...
(originally known as 626 First Avenue), a dual-tower residential skyscraper
A skyscraper is a tall continuously habitable building having multiple floors. Modern sources currently define skyscrapers as being at least or in height, though there is no universally accepted definition. Skyscrapers are very tall high-ri ...
under construction in the Kips Bay
Kips Bay, or Kip's Bay, is a neighborhood on the east side of the New York City borough of Manhattan. It is roughly bounded by East 34th Street to the north, the East River to the east, East 27th and/or 23rd Streets to the south, and Third Aven ...
neighborhood of New York City
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the U ...
, in Manhattan
Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five Boroughs of New York City, boroughs of New York City. The borough is also coextensive with New York County, one of the List of co ...
and the 1,066 foot 9 DeKalb Avenue
The Brooklyn Tower (originally referred to as 340 Flatbush Avenue Extension and subsequently 9 DeKalb Avenue) is a supertall building, supertall mixed-use, primarily residential skyscraper in the Downtown Brooklyn neighborhood of New York City. D ...
in Brooklyn, which would become the tallest structure in New York City outside Manhattan.
He was named to the ''40 Under 40: Class of 2015'' by Crain's New York.[Crain's New York: "40 Under 40: Class of 2015 - Michael Stern, 35, JDS Development, Founder, managing partner"]
retrieved May 21, 2016
Personal life
Stern is divorced and has two children.
References
{{DEFAULTSORT:Stern, Michael
American real estate businesspeople
20th-century American Jews
1979 births
Living people
21st-century American Jews