Stephen R. Karp (born 1941) is an American real estate developer and billionaire.
Stephen R. Karp | |
|---|---|
| Born | 1941 (age 82–83) |
| Nationality | American |
| Education | B.A. Boston University |
| Known for | Chairman and CEO of New England Development |
| Spouse | Jill Karp |
| Children | Douglass Karp Jana Karp |
| Parent(s) | Beatrice Taylor Karp Harold Karp |
Biography edit
Karp was born to Beatrice G. (née Taylor) and Harold Karp.[1] Karp worked construction during the summer while attending Boston University[2] where he graduated. After school, he worked for a real estate development firm whom he convinced to partner with him to develop a shopping center in Danvers, Massachusetts named the Liberty Tree Mall,[2] one of the first enclosed malls in the Northeast.[3] The mall opened in 1972[3] and was successful. In 1978, he founded his real estate development company New England Development[3] and then went on to develop over 20 malls before selling 14 of them for $1.75 billion to the Simon Property Group.[4][2]
Karp served as chairman of the Board of Trustees of the International Council of Shopping Centers and is a member of the Greater Boston Real Estate Board and the Urban Land Institute.[3]
Philanthropy edit
In 2013, Karp received the Combined Jewish Philanthropies (CJP) Edwin N. Sidman Leadership Award.[5] He served as chairman of the Board of Trustees of Boston Children's Hospital, as a trustee and chairman of Children's Hospital Trust, and as chairman of the Dana-Farber/Children’s Hospital Cancer Care; he also served on the Board of Trustees of Boston University, Belmont Hill School, and the Boston Youth Sanctuary. He is on the Board of Overseers of Newton-Wellesley Hospital and the Boston Symphony Orchestra.[3]
Personal life edit
Karp is married to Jill Karp and has two children:[4] Douglass and Jana.[6] His son Doug along with his best friend Ben Fischman (and son of New England Development's Vice Chairman Steven Fischman) co-founded the baseball cap retailer, Lids.[7][8]
References edit
- ^ Boston Globe Obituaries: "Beatrice G. (Taylor) Karp" July 13, 2011
- ^ a b c Boston Magazine: "The 50 Wealthiest Bostonians" By Francis Storrs Archived 2016-11-28 at the Wayback Machine March 2006
- ^ a b c d e Combined Jewish Philanthropies: "Stephen R. Karp" retrieved July 12, 2014
- ^ a b Forbes: "The 400 Richest Americans - #374 Stephen R Karp September 21, 2006
- ^ Goulston Storrs Press release: "Goulston & Storrs Congratulates Longtime Client Stephen R. Karp of New England Development, Honored by Combined Jewish Philanthropies" February 2013
- ^ Cystic Fibrosis Foundation: "Steadfast Friends Continue Generous Support of Milestones Campaign" Archived 2013-09-05 at the Wayback Machine Fall 2012
- ^ Lilliefors, Jim (September 1, 2009). Ball Cap Nation: A Journey Through the World of America's National Hat. Clerisy Press. pp. 102–110. ISBN 9781578604111.
- ^ Schwartz, Jason (March 23, 2009). "It's Much, Much More Than Just a Hat". Boston Magazine.