New england development
New England Development (NED) is a private real estate development company that has been active in the region for over 40 years. The company was founded in 1978 by Stephen Karp and has since developed over 20 million square feet of commercial and residential space.
NED is known for its focus on creating mixed-use developments that combine office, retail, and residential space. The company has developed a number of notable projects in the region, including:
- Legacy Place: A 1.2 million square foot mixed-use development in Dedham, Massachusetts that features office space, retail, and residential units.
- Assembly Row: A 2.5 million square foot mixed-use development in Somerville, Massachusetts that features office space, retail, and residential units.
- The Shops at Prudential Center: A 1.2 million square foot retail and office development in Boston, Massachusetts.
- The Ritz-Carlton, Boston: A luxury hotel and residential development in Boston, Massachusetts.
- The Westin Copley Place, Boston: A hotel and office development in Boston, Massachusetts.
NED has also developed a number of residential projects, including:
- The Residences at Assembly Row: A 350-unit residential development in Somerville, Massachusetts.
- The Residences at Legacy Place: A 250-unit residential development in Dedham, Massachusetts.
- The Ritz-Carlton Residences, Boston: A 100-unit luxury residential development in Boston, Massachusetts.
NED is headquartered in Newton, Massachusetts and has a team of over 100 employees. The company is led by Stephen Karp, who serves as the company's CEO and Chairman.