Anderson made the 2019 NJBIZ Power 100 list in March as a major player in New Jersey’s commercial real estate world, so it stands to reason that she would earn a spot on this roster.
As the president and CEO of the New Jersey Redevelopment Authority, Anderson oversees a multi-million dollar financing institution. Since Anderson took over more than a decade ago, the authority has leveraged nearly $4 billion in new investments — including about $500 million in direct investments — in some of the state’s most economically distressed communities.
That funding has been vital to redevelopment efforts around New Jersey, with the authority claiming credit for 15,000 new housing units and more than 10 million square feet of commercial and retail space.
The NJRA is gearing up to play a major role in the state’s approach to the federal opportunity zones, of which New Jersey has 169 spanning 75 municipalities in all 21 counties.
“Our job is to help the investor understand the value and importance at looking at all of the designated zones in the 75 municipalities in the state of New Jersey,” Anderson said in March.
The Murphy administration is seeking to ensure that investors put their money into projects that benefit communities, rather than gentrify urban neighborhoods, drive up rents and push out longtime residents.
Anderson has maintained that many investors could be in it for the latter reason and is pushing for developments that range from affordable housing to grocery stores and recreational facilities. With opportunity zones slated to play a role in New Jersey’s next set of economic incentives, Anderson is sure to have a major voice in the new iteration of the programs.
More from the 2019 NJBIZ Commercial Real Estate Power 50:
- No. 1: Jon Hanson and Jimmy Hanson
- No. 2: Don Ghermezian
- No. 3: George Norcross
- No. 4: Chris Paladino
- No. 5: Tim Sullivan
- No. 7: Ed Russo
- No. 8: Jack Morris
- No. 9: Jeff Sica
- No. 10: Barry Ostrowsky
- Commercial Real Estate Power 50 A-M
- Commercial Real Estate Power 50 N-Z
- The 2019 NJBIZ Commercial Real Estate Power 50 slideshow