No. 8: David Barry & Michael Barry

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The Barry brothers have proven themselves as innovators and pioneers who challenged conventional wisdom and expanded the range of possibilities for how people live, work and interact. Co-owners of Ironstate Development Co. the Barrys have brought transformative thinking to neighborhoods in cities like Hoboken, Jersey City, Harrison and Montclair. And 2021 saw significant developments in several of those projects in some of the state’s most prominent municipalities.

This experience and thinking is exemplified in their current venture, Urby, a modern apartment brand that reimagines the residential experience for people living in and around cities, extending the urban fabric and lifestyle in new and imaginative ways. Urby currently has four large-scale properties in operation, with two in New Jersey. Approvals are in place for a new Urby development in Jersey City’s Journal Square neighborhood and leasing launches this month for phase III at Harrison Urby, which includes 381 new apartments on top of the 679 units completed in earlier phases.

Ironstate and joint venture partner Brookfield are also developing a new mixed-use project in downtown Montclair that should energize a swath of Bloomfield Avenue and bolster the Essex County town’s reputation as a cultural, dining and shopping destination. Michael is an active trustee of the New Jersey Apartment Association.

He was appointed by the governor to the state’s Landlord- Tenant policy committee and is a long-standing member of the Urban Land Institute. David has been a significant investor in a wide-range of innovative companies and lifestyle-oriented brands, including Peloton, Rumble, Catch, Standard Hotels, Chiltern Firehouse and The Newsstand to name a few. He is chairman of the Liberty Science Center and a founding board member of Beat the Streets Wrestling.