The firm was founded by Michael Stern, a native of Long Island.
The company was incorporated as a privately held New York City-based acquisition firm and real estate development.
It specializes in luxury housing, leisure and mixed-use developments, it has over 7 million square feet of real estate under construction.
[2] In 2018, Madison Realty Capital gave a construction loan of $137 million to the JDS Development Group for Monad Terrace Condominium located in Miami, Florida.
[3] JDS has created buildings in South Florida, as well as Manhattan and Brooklyn in New York City.