Joseph Barry

Last updated
Joseph Barry
Born1940 (age 83–84)
NationalityAmerican
EducationB.A. Rutgers University
J.D. Rutgers Law School
Occupationreal estate developer
Known for--co-founder of Applied Housing Companies
--founder of the Hudson Reporter
SpouseGail Barry
ChildrenDavid Barry
Michael Barry
Lisa Barry Fleisher
Parent(s)Marion and Walter Barry
Family Kyra Tirana Barry (daughter-in-law)

Joseph Barry (born 1940) is an American real estate developer and co-founder of the Applied Housing Companies and founder of the Hudson Reporter newspaper chain. [1]

Contents

Early life

Joseph Barry was born in 1940 to a Jewish family [2] in New Jersey and raised in Newark, [3] the son of Marion and Walter Barry. [2] His father was a union organizer for the United Electrical Workers [4] who started to develop low income housing in Newark after the 1967 Newark riots. [5] Barry earned a B.A. In English from Rutgers University and graduated first in his class from Rutgers Law School. [1]

Career

Barry served as a clerk to the United States Court of Appeals for the Third Circuit. [6] In the 1960s, he was associated with the left-wing Students for Democratic Society. [4] In 1970, Barry and his father founded the Applied Housing Company. [2] [7] In 1971, Hoboken designated Applied Housing as their exclusive developer of Section 8 housing tasked with rehabilitating deteriorated buildings into affordable housing. [4] Applied focused on renovating the existing housing stock rather than clearance and rebuild; they also believed in careful maintenance and management thereafter to preserve the stock. [5] During the 1970s, Applied built and renovated thousands of units of affordable housing throughout New Jersey with a concentration in Hoboken, North Bergen, and Bayonne. [1] [2] The firm was given a great deal of credit for Hoboken's rebirth. In 1979, his father retired and Joseph Barry became president. He re-focused the company on constructing market-rate and luxury housing with a particular concentration on the Hoboken and Jersey City waterfronts [2] including the $150 million, 1,160-unit Shipyard Development Project on Hoboken's waterfront; the 1,650 unit waterfront condominium community Port Liberté in Jersey City; and the 42-story luxury Palisades rental residence in Fort Lee, New Jersey. In 2001, Barry pleaded guilty to making five cash payments totaling $114,900 to former County Executive Robert Janiszewski to secure state and federal funding for the Shipyard project. Barry resigned from Applied Housing and handed the management [1] of the now $108 million in sales company [6] over to his two sons. Admitting guilt, Barry stated: "I made a terrible mistake. I take responsibility for it, and will get on with my life." [1] Barry was sentenced to 25 months in federal prison, ordered to make $1 million in restitution payments, and fined $20,000. [8] By 2004, Applied was the largest developer in Hoboken. [1]

In 1983, Barry also founded the Hudson Reporter newspaper chain. [1] He established Reporter newspapers in six other Hudson County towns: Jersey City, Weehawken, Secaucus, Union City, West New York and North Bergen. [4] In 1999, he sold his share in the chain to minority partners and co-publishers David Unger and Lucha Malato. [1] Despite being semi-retired, Barry remains committed to the urban redevelopment volunteering his time via his LinX Redevelopment company to rebuilding New Jersey's run-down cities [3] with his latest focus on Passaic, New Jersey. [9]

Personal life

Barry is married to Gail H. Barry and lives in Peapack-Gladstone. They have three children: David Barry, Michael Barry, and Lisa Barry Fleisher who continue to run the company [2] and its sister company, the Ironstate Development Company. [10] [11] [12] [13] [14] His son David is married to Kyra Tirana Barry, team leader for the U.S. Woman's Wrestling Team that competed in the 2016 Olympic Games. [15]

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References

  1. 1 2 3 4 5 6 7 8 Hudson Reporter: "Developer Joseph Barry pleads guilty Admits to $114,900 in illegal cash payments to former county exec" by Tom Jennemann, June 25, 2004.
  2. 1 2 3 4 5 6 "Paid Notice: Deaths BARRY, WALTER", The New York Times, February 12, 2012.
  3. 1 2 "MY HISTORY LEADING TO LINX DEVELOPMENT" Archived 2016-03-05 at the Wayback Machine , Linx Redevelopment. Retrieved July 22, 2014.
  4. 1 2 3 4 Fund for A Better Waterfront: "Hoboken developer Joe Barry targeted by federal investigators" September 2001
  5. 1 2 "A leader passes on. Walter Barry, who developed housing throughout Hoboken and beyond, passes away at 99", Hudson Reporter, February 12, 2012.
  6. 1 2 Ronald Smothers, "2 More Indicted In Bribery Case In New Jersey", The New York Times, October 16, 2003.
  7. ↑ Applied Development website: History Archived August 23, 2014, at the Wayback Machine . Retrieved July 22, 2014.
  8. ↑ Conte, Michaelangelo (October 22, 2004). NJ.com: "BIG HOUSE FOR BARRY". NJ.com.
  9. ↑ "PASSAIC PROJECT". Linx Redevelopment. Retrieved July 22, 2014.
  10. ↑ Ironstate Company website: "About Us". Ironstate Development Company. Retrieved July 22, 2014
  11. ↑ Burd, Joshua (September 17, 2012). New Jersey Biz: "An ironclad growth plan - Barry brothers make Ironstate a success by sticking to development strategy". NJBiz.
  12. ↑ Melanie Grayce West, "Going to the Mat With a Gift", Wall Street Journal, March 16, 2011.
  13. ↑ Burd, Joshua (December 22, 2014). "The builders: The Barry brothers are changing skylines and perceptions". NJBIZ.
  14. ↑ Marino, Vivian (May 26, 2011), "David Barry". The New York Times .
  15. ↑ Abbott, Gary (April 13, 2016). "Kyra Barry named USA Wrestling Woman of the Year". Team USA Wrestling.
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