Michael Stern (real estate developer)
American real estate developer (born 1979) From Wikipedia, the free encyclopedia
Michael Stern (born June 13, 1979) is an American real estate developer.[1]
Michael Stern | |
|---|---|
| Born | June 13, 1979 |
| Nationality | American |
| Occupation | real estate developer |
| Known for | Founder of JDS Development Group |
| Children | 2 |
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] built 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 also developed The Copper (originally known as 626 First Avenue), a dual-tower residential skyscraper in the Kips Bay neighborhood of New York City, in Manhattan[6] and the 1,066 foot Brooklyn Tower, which became 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
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