The Real Deal New York

Posts Tagged ‘david barry’

  • Northeastern N.J. rental market is hot

    February 03, 2012 01:30PM

    The view from Hoboken, in Hudson County, N.J.

    The rental housing market is thriving in Hudson County, N.J., the New York Times reported.

    Hudson County, the Garden State’s smallest county, is the one place where builders “can still get the economics to work,” David Barry, the president of Hoboken-based Ironstate Development, told the Times. [more]

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    Ironstate Development President David Barry and a rendering of the Homeport development
    The city has sold the Staten Island development site that formerly housed a U.S. Naval Base to Ironstate Development for $11 million, the city’s Economic Development Corporation announced today.

    New Jersey-based Ironstate will build a $150 million complex on the 7-acre waterfront site known as Homeport, in the Stapelton section of the borough. It will include 900 residential rental units, 30,000 square feet of retail, 600 parking spaces and a public plaza.

    The city will also invest $32 million for infrastructure improvements to create a new waterfront esplanade in Homeport and Staten Island Borough President James Molinaro has set aside $1 million for improvements on the Staten Island Rail Road’s Stapleton station. — Adam Fusfeld[more]

  • NJ developers soldier on

    February 01, 2010 06:01PM

    New Jersey issued less than 12,000 permits for new housing last year, a threshold not crossed since 1945, and although market analysts are skeptical that a full recovery is on the horizon, many multi-family builders are pressing on with — slightly altered — large-scale plans. Hoboken’s Ironstate Development is shifting its concentration to efficiency for its new units, though after exiting the condo construction fray three years ago, the company is waiting yet another year before dipping its feet back in. When the company does proceed with its plans for 70 new condos in Long Branch, said David Barry, Ironstate’s president, units will be priced from “something like $349,000, not $500,000, which is more in line with today’s market.” Ironstate is also revisiting plans for Port Liberté on Jersey City’s waterfront. “I don’t know if we’ll start going in ’10,” Barry said, “but we are starting to work with architects again.” Millennium Homes, which had halted construction on the remaining 41 condos in its Vizcaya development in West Orange when the market appeared to stall, reconsidered after sales on the first batch of residences were unexpectedly brisk. Construction on those 41 remaining homes is set to restart next month. [NYT]