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From Wikipedia, the free encyclopedia
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 |
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]
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]
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]
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