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No. 8: Jon Hanson

Power 100

As founder and chairman of the Hampshire Cos., along with more than 60 years of real estate investment experience, Hanson is one of the most well-known developers in the state.

Hampshire is now one of the nation’s leading privately held, fully integrated real estate firms and real estate investment fund managers with over $2.4 billion in assets currently under management and a development pipeline throughout the East Coast across the multifamily, self-storage, industrial, and retail sectors exceeding $1.2 billion.

Jon Hanson

Jon Hanson

Under the Bergen County native’s leadership, two of New Jersey’s largest developments, American Dream Mall and Atlantic City Gateway Redevelopment project, came to fruition. And Hampshire is involved much more around the state.

During Kean’s administration, Hanson served as chairman of the New Jersey Sports and Exposition Authority where he led a number of initiatives, including the negotiations that brought the New York Jets and New Jersey Devils to the Meadowlands.

Under the Christie administration, Hanson was tapped to serve in an advisory role for the governor.

Appointed as the chair of the Gaming, Sports and Entertainment Advisory Commission, he led the negotiations with Triple Five on the development of the failed Xanadu project at the Meadowlands, which, after years of delays, welcomed its first visitors this year to what is now called the American Dream Mall.

Hanson also oversaw the creation of the Atlantic City Development Corp., which has brought significant non-gambling development projects to Atlantic City. Most notable of these is the $220 million Gateway project that expanded Stockton University and built a new headquarters for South Jersey Gas Co.

Hanson also played a pivotal role in representing New Brunswick Theological Seminary in its relocation as a part of New Brunswick Development Corp.’s College Hill project, that allowed for the transformative development of Rutgers’ first academic building in New Brunswick in 40 years. His work on behalf of the state earned him a place in the 2017 Class of the New Jersey Hall of Fame.

Most recently, Hampshire has partnered with the Claremont Cos. and New Jersey City University on the University Place project in Jersey City. The ambitious project is reinventing the city’s West Side neighborhood through the development of over 1,000 residential units, 100,000 square feet of retail space, a state-of-the-art performing arts center, and a variety of community spaces.

Then Hanson worked to open the MC Hotel this past summer, bringing the first full-service hotel to Montclair in 80 years. The development of the 159-room, 120,000 square-foot hotel with his joint venture partners bring a focal point to the gateway of Montclair’s booming downtown.

Hanson also recently joined forces with Hackensack Meridian Health to open the Mountainside Medical Center Medical Office Building on the border of Glen Ridge and Montclair. The three-story, 45,735-square-foot state-of-the-art facility sits on the former School of Nursing site across from Hackensack Meridian Health Mountainside Medical Center. The project enhances the scope and quality of comprehensive health care services and brings additional economic and quality-of-life benefits to the communities Mountainside Medical Center serves.

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