For over forty years, New England Development has taken a creative, entrepreneurial approach to real estate development and management––delivering and sustaining successful projects across a wide range of property types.
These projects transform complex challenges into preferred destinations, generate long-term value to communities, afford compelling opportunities for local and national businesses, and offer sought-after experiences to a wide range of consumers.
Propelled by a senior management team led by Chairman and founder Stephen R. Karp, Vice Chairman Steven S. Fischman, and President Douglass E. Karp, NED has more than 50 million square feet of retail, commercial, and residential space to its credit. With deep roots––and expertise––in all aspects of retailing, NED is a partner that anticipates and responds to the changing needs of retailers.
Known for having redefined shopping convenience with some of the country’s most widely recognized and successful enclosed regional malls, NED has experience developing, leasing and managing properties across the country. NED and its affiliated company WellsPark Group became the largest privately held mall company in the country. NED not only managed the portfolio we developed in New England (the largest New England portfolio), but also managed and leased malls stretching from New York (including The Westchester and Menlo Park Mall), through the midwest, Texas, and California.
Notable among these shopping centers are The Westchester in White Plains, New York, featuring New York state’s first Neiman-Marcus and Nordstrom and 150 upscale stores; Northshore Mall in Peabody, Massachusetts, which NED completely redeveloped, after acquiring from DeBartolo, added anchors to, re-leased and turned into the most productive mall north of Boston; and CambridgeSide, which NED developed and manages. Located in one of the world's greatest high-tech/bio-tech innovation districts - East Cambridge, Massachusetts, CambridgeSide is part of an award-winning, master-planned development featuring over one million square feet of retail, office, and hotel space.
Acclaimed for creating some of the country’s most widely recognized and successful regional centers––as well as multifaceted developments that combine retail, residential, hotel, and office uses, today, NED’s robust, national portfolio includes:
- Retail centers
- Outlet centers
- Street-front retail
- Airport retail
- Office & Lab
- Mixed-use developments
- Hotels and restaurants
- Golf courses
- Planned community
We invite you to explore our history in the timeline below, and our current properties showcased on our website.