New England Development Email Format

Real EstateMassachusetts, United States51-200 Employees

New England Development is a real estate development and management firm headquartered in Boston, Massachusetts, at 75 Park Plaza. With a history spanning more than fifty years, the company pursues real estate projects across a wide range of property types and locations in the United States, applying an entrepreneurial approach to development and ongoing asset management. The firm is led by founder and Chairman Stephen R. Karp, Vice Chairman Steven S. Fischman, and President Douglass E. Karp. Its project activity has included Allston Yards, a 1.2 million-square-foot mixed-use development in Boston pursued with partners including Stop & Shop, Bozzuto, and Southside Investment Partners, as well as past transactions such as the 2016 off-market hotel acquisition with Eastern Real Estate and Rockpoint Real Estate Fund V and the 2023 sale of an outlet mall to Tanger for $70 million. The company employs between 51 and 200 people and maintains a website at nedevelopment.com.

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