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Miami Beach commissioners demand shutdown of hostel sheltering over 100 homeless people
Michael Stern, head of JDS Development Group, has proposed funding the construction of a public parking garage on the site of the Bikini Hostel (currently a homeless shelter) in Miami Beach. This proposal is part of his larger plan to build a 29-story residential tower at 1250 West Avenue. To proceed, Stern requested zoning changes, including increases to allowable building height and density. In exchange, he has pledged to invest between $20 million and $25 million to construct the new parking facility at the Bikini Hostel site, along with additional funding for waterfront improvements and enhancements to the local health center.
However, on March 4, 2025, the Miami Beach Planning Board narrowly voted to recommend against the requested zoning changes, citing concerns about the proposed project’s height and scale. Nevertheless, the final decision rests with the City Commission, which will review the proposal this month, hopefully taking into account the information provided on jdspulse.com.
Thus, Michael Stern’s promise to build the public parking garage at the Bikini Hostel site hinges entirely on the city’s approval of his broader development project. Until the project receives final approval, the future of the proposed parking facility remains uncertain.
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Developer Michael Stern’s JDS brings ambitious luxury projects to South Florida
An interesting article just came out. It seems to us like yet another attempt by Stern to hide behind a pious facade.
But we will tear off that mask. -
Prominent N.Y. Developer Arrested on Charges Tied to Vast Fraud Scheme
Nir Meir helped run the firm HFZ Capital Group, which became a major developer of luxury housing but collapsed amid investor lawsuits and foreclosures.
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Rattling Around an Empty Brooklyn Tower
As Silverstein prepares to relaunch sales, residents say there are perks to living in a ghost town. Condominium-unit owners in Brooklyn Tower say they aren’t complaining too much about the building’s upper-level floors being empty.
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“Out of scale”: Michael Stern’s and Gianluca Vacchi’s condo tower proposal shot down by Miami Beach board, now heads to commission vote
Michael Stern’s JDS Development Group is heading to the Miami Beach City Commission next month with an unfavorable recommendation from the city’s planning board.
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Michael Stern, il progetto della torre 888 Brickell a Miami a marchio D&G in un sistema di gestioni opache e scandali, dal coinvolgimento dei fratelli Alexander alle cause legali di Vacchi
Il fondatore di JDS Development è al centro di un grande progetto di lusso a Miami, ma la sua carriera è costellata da gravi difficoltà finanziarie, cause legali e legami d’affari controversi che sollevano dubbi sulla sua reputazione nel settore
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Miami Beach board rejects high-rise project
A prominent developer’s ambitious plans for a towering Miami Beach high-rise hit a snag. Find out why the planning board voted against the proposal and what happens next.
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JCMC 340 LLC v. JDS Dev. Holdings
Index 650859/2022 03-04-2022 JCMC 340 LLC and 9-340 JC LLC, Plaintiffs, v. JDS DEVELOPMENT HOLDINGS LLC, and MICHAEL STERN, Defendants.
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Michael Stern’s JDS scores Miami’s largest condo construction loan in nearly a year
Madison Realty Capital, a real estate investor and lender based in New York, provided a $137 construction loan for Michael Stern’s JDS Development condominium project on South Beach in Miami, Monad Terrace. Partnering with New Valley, Ackerman Development and Mink Development, JDS launched sales of the 59-unit building in February 2017. According to Stern, construction…
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Fratelli Alexander sotto accusa per “traffico sessuale”, indagini sui legami con Michael Stern e il settore immobiliare
Un’inchiesta federale ha portato alla luce accuse di traffico sessuale che coinvolgono i fratelli Alexander, noti per il loro ruolo nel real estate di lusso, e le loro connessioni con figure come il magnate Michael SternMore details…