Iris Development
2–10 employees 3 principals
Last updated
About Iris Development
Iris Development is a real estate operator. Iris Development operates in New Orleans, Louisiana and New York City, New York. Its investment focus is on Affordable Housing, Multifamily - Ground-up and Multifamily - Value-Add.
Iris Development, also known as Iris Community Development, is a real estate development and investment company founded around 2012 and headquartered in New Orleans, Louisiana. With approximately 2–10 employees and over 14 years of industry experience, the company operates primarily in New Orleans and New York City, maintaining an active development pipeline exceeding 400 residential units. The company specializes in affordable housing, workforce housing, mixed-income multifamily developments, ground-up construction, and value-add residential rehabilitation. Its activities include property acquisition, redevelopment, asset management, and affordable homeownership initiatives, often involving partnerships with public housing authorities and government agencies. Notable projects include the 70-unit BonVi Apartments, completed in 2022, the 122-unit Renaissance Oaks Apartments, and the 86-unit Whisperwood Town Homes, acquired in 2024. Iris also participates in a $50 million, 48-unit affordable homeownership development in Central Harlem, reflecting its continued focus on urban housing investment and neighborhood redevelopment.
Principals at Iris Development
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3 principals on file
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Recent activity at Iris Development
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Iris Development's project portfolio
6 projects on file · Residential (general) (4), Mixed-Use (2)
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Markets and themes
Markets Iris Development operates in
Investment themes at Iris Development
Capabilities
- Asset Management
- Construction Management
- Economic Development
- Mixed Use
- Private Equity
- Site Development
- Sustainability
- Technology-forward
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Frequently asked questions about Iris Development
- What does Iris Development do?
- Iris Development, also known as Iris Community Development, is a real estate development and investment company founded around 2012 and headquartered in New Orleans, Louisiana.
- What markets does Iris Development operate in?
- Iris Development is active in New Orleans, Louisiana and New York City, New York.
- How many employees does Iris Development have?
- Iris Development has 2–10 employees.