Michael Stern boasts optimism for Miami projects amid legal battles
By Michael Stern’s account, everything is going great. The developer behind Walker Tower in Manhattan, the Brooklyn Tower and Mercedes-Benz Places in Miami spoke at The Real Deal’s Miami Real Estate Forum on Wednesday, as he battles lawsuits from investors and lenders, as well as foreclosure threats. TRD’s August cover story, which depicted Stern hanging off a building, documented these challenges. But Stern, founder of JDS Development Group, said he is close to finalizing a $1.1 billion financing package for Mercedes-Benz Places, a nearly 800-unit, two-tower condo development in Brickell. Stern said Jeffrey Soffer’s Fontainebleau Development will come in as […]This article originally appeared on The Real Deal. Click here to read the full story.
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