Michael Stern’s JDS Development Group is taking full ownership of the supertall development at 9 Dekalb Avenue in Downtown Brooklyn. The developer bought out partner Chetrit Group for nearly $60 million, sources told The Real Deal. Chetrit acted on a “put option” in the ownership agreement, which allowed the firm to sell its stake, according to sources. JDS declined to comment, and a representative Chetrit did not immediately respond to a request for comment. The […]
source https://therealdeal.com/2018/08/03/chetrit-group-out-at-9-dekalb-brooklyns-tallest-development/
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