Michael Stern | |
---|---|
Born | June 13, 1979 |
Nationality | American |
Occupation | real estate developer |
Known for | Founder of JDS Development Group |
Children | 2 |
Michael Stern (born June 13, 1979) is an American real estate developer. [1]
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]
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]
Stern is divorced and has two children. [8]