MY HISTORY LEADING
TO LINX DEVELOPMENT
The following retrospective highlights my experience in the 45 years I have devoted to development through my company, Applied Housing Associates, and it derivatives. Our accomplishments are solid, strong and unique urban development projects, both subsidized
, that span the decades of the 1970’s, 80’s and 90’s, and into the first years of the second millennium.
My development career was cut short in 2003, when I was indicted and convicted of offering a gratuity to a corrupt Hudson County executive, Robert Janiszewski. This was a foolish act that resulted in a two-year federal prison term. My conduct sullied decades of hard, honest work and valuable contributions to urban areas throughout New Jersey. When I was released, I recommitted to the fight to provide affordable housing, overseeing the operation of our original 2,500 units of low-income rehabilitated housing
in Hoboken, Bayonne, Trenton, Weehawken and North Bergen.
While I was away, I turned over operation of Applied Development, including its real estate projects, cash flow, and organization, to my children, David, Michael and Lisa. In 2004, they merged all of the real estate value into a newly formed company, Ironstate Development
. Ironstate is now the development arm of the company, run by David and Michael Barry, both of whom are seasoned executives. In the years since, Ironstate has accomplished much, and I have returned to my roots, the redevelopment of distressed urban areas.