Stephen R. Karp

Stephen R. Karp

Chairman, Chief Executive Officer

Stephen R. Karp is one of the country’s foremost real estate developers, known for his creative and entrepreneurial approach to developing some of the country’s most successful mixed-use projects, retail destinations, and hospitality properties.  His prescience and anticipation of lifestyle and real estate trends led him to enter the shopping center business in the late 1960’s with the development of one of the first enclosed malls in the Northeast, which opened in 1972.   He went on to found New England Development shortly thereafter.     

Under his leadership, New England Development has developed a national, robust portfolio of award-winning, mixed-use and master-planned projects;  acclaimed retail destinations including regional shopping centers, outlet centers, street-front retail, and airport retail; plus hotels, marinas, golf courses, and more.  

Mr. Karp is a Trustee and Immediate Past Chair of the Board of Trustees of Boston Children's Hospital and Trustee and Inaugural Chairman of Boston Children's Hospital Trust Board. He serves as Board Chairman of Boston Youth Sanctuary and he is on the Board of Trustees for Belmont Hill School and Nantucket Cottage Hospital. Mr. Karp previously was on the Board of Trustees of Boston University and is Past Chairman and current member of the Board of Trustees of the International Council of Shopping Centers. He is a graduate of Boston University.