Tag Archives: michael barry of ironstate development

URL®Staten Island housing complex to open in December

Tracey Porpora at The Staten Island Advance reports on the December opening of Ironstate Development Company‘s URL®Staten Island.

Renderings of URL, a new rental complex on Staten Island

Renderings of URL, a new rental complex on Staten Island

URL®Staten Island, the 900-unit housing complex being built at the former Stapleton homeport, is expected to welcome its first residents on Dec. 1.

URL (Urban Ready Life)®Staten Island — being built by the Hoboken-N.J.-based Ironstate Development Company — is a $150 million project to construct 900 rental units in two five story buildings with 35,000 square feet of ground floor retail, 600 parking spaces and a public plaza at the former U.S. Navy homeport.

“This will be a really different type of residential living for Staten Island. I think it’s going to be a credit to the North Shore community. I think it’s taking an underutilized waterfront area and providing really meaningful public access and programming in the form of restaurateurs,” said David Barry, president of Ironstate Development Company, whose portfolio of projects includes Pier Village in Long Branch, N.J.

URL®Staten Island will be the first of several waterfront projects — including the N.Y. WheelEmpire Outlets and Lighthouse Point in St. George — to take shape on the North Shore.

READ THE FULL STORY AT SILIVE.COM

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Ironstate Development Named Top NJ Developer

Ironstate Development Company tops The Real Deal’s list of top New Jersey developers.

BY C. J. Hughes

Hudson County, which includes urban areas like Jersey City, Hoboken and Weehawken, is radiating cool these days, with its hip restaurants, arts scene and proximity to New York City. That vibe, along with rents often around 50 percent of Manhattan’s and 20 percent cheaper than those in Brooklyn, is making it one of the hottest residential destinations in the tri-state area, its supporters say.

“It’s a terrific location for somebody who wants affordability,” said Jeffrey Kanne, the chief executive of National Real Estate Advisors, which has teamed with Kushner Real Estate Group to build Journal Squared,
a three-phase, 1,800-unit colossus in
Jersey City.

Using our own research and data from CoStar Group and BuzzBuzzHome,

The Real Deal ranked the top developers by number of units that hit the market in 2014 and 2015, as well as those that will come online by the end of 2017. When firms partnered on projects, TRD allocated the full number of units to each of them.

1. Ironstate Development Company

Claiming the top spot is a Hoboken-based firm with deep roots in the area, Ironstate Development Company, with 3,354 units. A huge chunk of that total is made up by URL (Urban Ready Living) Harborside, an amenity-laden rental complex in Jersey City with a total of about 2,300 units. Its first phase, which will open in mid-2016, will consist of 763 apartments in a massive 69-story tower.

Harborside, which is being developed in partnership with Mack-Cali Realty Corporation, will feature a gym and even an urban farm with beehives. Its lobby cafe, which is expected to be operated by New York chain Coffeed, will be open to the public and “become a social hub for the neighborhood,” said Michael Barry, an Ironstate executive.

The company is also the developer — with Panepinto Properties (see #10) — behind the luxury residences 50, 70 and 90 Columbus in Jersey City.


The builders: The Barry brothers are changing skylines and perceptions

NJ BIZ LOGO

via Joshua Burd/NJ Biz

David and Michael Barry have been busy all over the state. - (PHOTO BY AARON HOUSTON)

David and Michael Barry have been busy all over the state. – (PHOTO BY AARON HOUSTON)

As developers go, David and Michael Barry are just about as prolific and active as anyone else in New Jersey. But that’s not because they simply finish a project and then move onto the next one.

Quite the contrary — the heads of Ironstate Development are as much about building neighborhoods as they are about building a single multifamily high-rise or chic urban hotel.

“Whether it’s Staten Island, whether it’s parts of Jersey City — or as we once did in Hoboken or New Brunswick — we pick a place and we really like to make multiple investments there,” David Barry said, “because we think that we have the skill and wherewithal to change the perception of that neighborhood.”

The Hoboken-based firm proved that once again in 2014, from opening the second piece of its mixed-use redevelopment in Harrison to breaking ground on a multiphase, three-tower project on the Jersey City waterfront. And its pipeline is as full as ever with projects in well-connected urban centers around the region — continuing the model that has helped Ironstate thrive for decades.

NJBIZ sat down with firm’s principals to discuss 2014, the industry and its plans going forward.

FULL ARTICLE


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