Michael Stern’s JDS Development Group, together with Largo Investments, bought a West Chelsea parcel for $34.75 million, The Real Deal has learned. The location at 510-514 West 24th Street, close to the High Line and located next to Cary Tamarkin’s 10-story condominium building at 508 West 24th Street, allows for about 50,000 square feet of new development. This works out to just under $700 per buildable square foot. – See more at: http://therealdeal.com/blog/2014/07/15/jds-and-largo-buy-west-chelsea-lot-for-nearly-35m/#sthash.P56uXnMr.dpuf