IRONSTATE DEVELOPMENT CO.
It may be tough times for the real estate market, but that isn’t stopping Barry from continuing to build multiple projects.
In May, Hoboken’s Ironstate opened two new properties: 225 Grand, a 15-story rental building in Jersey City with 348 units, 1,700 square feet of retail space and up to 350 parking spaces, in partnership with Bridgewater’s KRE Group; and the 13-story, 93-unit Berkshire, which is expected to receive LEED Silver certification.
Ironstate has also been getting “lots of buzz about Pier Village,” its major redevelopment project in Long Branch, according to one industry source. The developer has completed the project’s first two phases, which include 538 rentals, more than 100,000 square feet of retail space and a boutique hotel on a 16-acre site.
This month, the developer, in partnership with Hoboken-based The Pegasus Group, will begin construction on the first phase of Harrison Commons, which will encompass more than 3,000 residential units and 90,000 square feet of retail space in Harrison.
And in its first international project, Ironstate is developing the W Marrakech Hotel & Residences, a 150-room hotel and 50 for-sale villas in Morocco. Late last year, the developer also was named redeveloper of a decommissioned naval base site in Staten Island, N.Y., where it will build some 800 residential units, stores and a public plaza.