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It's said there wouldn't be a Hoboken without the Barry family. After all, that's where, in 1970, brothers Joseph and Walter Barry founded Applied Housing Co. and embarked on revitalization projects that cemented the firm's reputation as an innovative large-scale urban developer. Some 30 years after Applied's founding, brothers David and Michael Barry continued that legacy, forming Ironstate Development, which owns and manages more than 6,000 residential units with $ 1 billion in projects in the pipeline. As co-president (with Michael) of both Applied and Ironstate, its development arm, Barry has spearheaded some of the state's largest revitalization projects, including the Shipyard and W Hoboken Hotel & Residences in Hoboken; Port Liberte in Jersey City; and Pier Village in Long Branch, now in its third phase. Barry is also a member of the boards of the New Jersey Apartment Association and Fortress Investment Group LLC, a global investment manager with an estimated $40 billion in assets as of 2010.

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