In late February, the Miami City Commission approved a public benefits agreement with a JDS Development entity that allows Stern to build a $500 million, 62-story tower on the fire station site . What does someone else know that I dont? he said. Copyright 2023 Bisnow. Stern persuaded Juracich to put up $2.6 million to get the project going. People love him, Stern said. But by early 2020, JDS was fed up. Meanwhile, Covid-19 was spreading throughout the state, and two weeks later, Gov. The tallest, most slender residential building in the Western Hemisphere. [1], Stern was born on June 13, 1979 to a Jewish family and raised in Five Towns on Long Island. The December 21, 2018, lawsuit claims that the company entered a joint venture to use Tona Construction as the Park Slope projects construction manager, but later reneged on the agreement in order to use JDS inhouse management arm JDS Construction to serve as the projects manager at an inflated cost.. The site is expected to be developed into a 61-story tower with as many as 765 units. Michael Stern New York Developer- The Real Deal JDS Development is an American real-estate development group headquartered in Manhattan, New York, with an additional presence in Miami and South Florida. Meet David Juracich: The Australian Behind The Scenes At JDS - Bisnow It wasnt immediately clear what the ruling means for JDS project. He decided it was the right call to put in money. 5 things to know about supertall condo developer Michael Stern In 2007, David Juracich met a 27-year-old Michael Stern, a developer who said he had a brilliant idea for a condominium development in Brooklyn's Gowanus neighborhood. Can a Contractor File a Mechanics Lien If They Didnt Finish the Work? Nearly a year after getting married, Harmeyer and Tanko flew to California for their honeymoon in September 2019. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Miami luxury real estate agent pleads guilty in PPP fraud case, Buyer sues Lightstone over $19M FiDi condo deal gone bad, Landlord seeks $10M from mom over rent overcharge claims, Avi Philipson to All Year: Get me out of here. Michel Stern's biography: What is known about Lisa Kudrow's husband Contractors as Projects Pile Up, Google Maps for construction aggregates Pushes for Building Materials Price Transparency. Plans were filed last year for a pair of 73-story towers spanning 1.3 million square feet and consisting of 1,300 units.