The Iris Club was built at the direction of Ferdinand Thun and Henry Janssen. Thun and Janssen were German immigrants that started Textile Machine Works in 1892. The building was officially opened in 1916 as a social club owned by executives of the Textile Machine Works.

The Iris Club was named in honor of Bertrand H. Farr, whom was world renowned for growing irises locally in Wyomissing. Between 1933 and 1950 an addition was constructed on the West side of the building. The exact date is unknown. The lower level of this addition was completely trimmed in Mahogany and only used for extremely special occasions. The Club was sold to its members in 1957. During its years of operation members enjoyed bowling, banquets, weddings, and fine dining. The members sold bonds to raise operating capital and the club remained in operation at this location until 1991 when the building was put up for sale.

The building was eventually sold to a private individual in 1993 with the intention of creating apartments. From 1991 to 2012 the building remained unopened. Chevrock Property and Construction Services purchased the building in 2013 and immediately began preparations to modernize the building and convert it to luxury apartments.