As a Principal of UrbanMeritage, and one of the architects of the Newbury Line Program, Mr. Norton has worked on the acquisition, development, and asset management of the Newbury Line Portfolio since December 2006. During this time The Newbury Line successfully acquired twenty-eight buildings at a cost of $155,000,000, in a series of fourteen transactions. Over a four-year period The Newbury Line became the leading Landlord on one of the world’s premier retail streets. The Newbury Line was sold to Jamestown Properties in October of 2011 for a total price of $226,500,000.
In April of 2013, UrbanMeritage, along with joint venture partner Novaya Real Estate Ventures commenced a new aggregation program again focused on Newbury Street. This $300,000,000 joint venture with a financial partner advised by L&B Realty Advisors, has closed on twelve buildings to date with a total acquisition cost of approximately $160,000,000.
In November of 2014, UrbanMeritage and Novaya, with partner Invesco Real Estate, acquired the retail condominium unit at The Hotel Commonwealth at an acquisition cost of $38,500,000. It is currently being re-branded as Kenmore Row and is being re-merchandised and re-introduced to the Boston market.
Prior to founding UrbanMeritage, Mr. Norton managed the development of 800+ units of market-rate and affordable housing in the South End, Dorchester, Charlestown, Brighton and Quincy as both a partner at E. A. Fish Associates and as the founder of Urban Capital Partners.
Mr. Norton graduated from the MIT Center for Real Estate where he received a Master of Science in Real Estate Development. In addition, he holds a Bachelor of Science degree in Management and Finance from the Questrom School of Business at Boston University.