Chetrit Group has a new partner in the Miami River project, according to signs placed at the property.
JDS Development, led by Michael Stern, is the new partner. The developer’s website lists River Yacht Club, the first portion of the project, as part of its portfolio.
Records show that construction is now underway on River Yacht Club, a restaurant and club at the former Finnegan’s River space at 401 SW Third Ave, set to open in February for the boat show.
Memberships are being sold. On the roof, VanDutch Yachts will open their first ever VanDutch lounge.
JDS and PMG are building the 1,438-foot 111 West 57th Street tower in New York, and Echo Brickell in Miami, among others. JDS also recently shelled out $41.5 million for an assemblage of land on West Avenue in South Beach.
vandutch club opening soon
miami river project:
jds development’s 111 w 57th: