Richard Karp
President, Karp and Associates
A Detroit native, Mr. Karp worked for the large institutional general contractor, Quadrants of Livonia, while attending Michigan State University’s Building Construction Management Program at the onset of his 30+ years of experience. After founding Buildtech Ltd. Construction • Development, he quickly was embraced as a leader in the revitalization of Lansing’s Old Town. Utilizing various combinations of Historic Rehabilitation, New Markets, and Low-Income Housing Tax Credits, along with HOME funds and other programs, he proceeded to adaptively reuse millions of square feet of historic commercial buildings for several non-profit organizations, for‐profit entities, and his own portfolio.
Karp and Associates was formed to respond to growing demand for development consulting and general development, and has worked in conjunction with, and independently of Buildtech Ltd. More recently, this has involved partnerships with quasi-public entities, universities, and institutional banks. His award-winning development and general contracting work, which includes multi-family, office, retail and light manufacturing of both historic rehabilitation and new construction has taken him throughout the Midwest, and has established him as the premier historic rehab developer/general contractor.
Mr. Karp’s commitment to community revitalization and historic rehab are further expressed in regular speaking engagements and lectures on the topics of historic rehabilitation, mixed use and adaptive reuse, affordable housing, and development financing.