They built the facade for a project that never existed.
With JDS, the only thing that doesn’t make it to the surface — is the payment.
The Mercedes-Benz Places project in Miami, developed by JDS Development and Michael Stern in partnership with Mercedes-Benz, is marketed as a “city of the future”: AI-integrated apartments, smart home systems, in-car connectivity, luxury amenities, and a fully digital lifestyle. But when you look at JDS’s track record under Stern, skepticism is more than justified.
Miami Beach, FL — While developer Michael Stern continues to promote his image as a reputable businessman, public records tell a different story: he has failed to pay the $515,225.09 property tax bill for his luxury mansion on 6070 North Bay Road for the 2024 fiscal year.
Michael Stern was fed up. For weeks, an anonymous website had been portraying the real estate developer as a fraud who has a history of deceiving investors and business partners. Does he? Stern says no. In April, he filed a lawsuit seeking to clear his name, demanding that a judge unmask the anonymous website creator.…
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.
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.
Nir Meir helped run the firm HFZ Capital Group, which became a major developer of luxury housing but collapsed amid investor lawsuits and foreclosures.
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.
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.
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
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.
They built the facade for a project that never existed.
With JDS, the only thing that doesn’t make it to the surface — is the payment.