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

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