Competitive base salary with a range of $240-290K plus a bonus that could be up to 35% of annual salary
Company is located in a major city in the Midwest - Relocation available for the right individual
Comprehensive Benefits, 401K match, paid vacation, etc.
This is an in-office position with the occasional WFH day
A very successful full-service real estate firm is seeking a Vice President of Development. This position will have the responsibility of developing and leading all applicable development projects from conception through completion ensuring that each development represents the company’s interests and meets or exceeds the financial goals of the project. The VP of Development will provide critical and high-level development direction and management for various projects.
Responsibilities
Coordinate and arrange broad scope due-diligence and feasibility studies, as required to determine market characteristics and critical attributes of the physical site, as they relate to revenue and cost projections
Provide analytical support for investment and strategic business decisions in real estate development
Evaluate and establish project objectives in order to maximize the use of the property and the ROI
Work with Development, design, construction and third-party professionals to develop and refine plans to produce high quality communities that are responsive to the needs of residence/tenants and are financially feasible
Evaluate on an ongoing basis the timing of each prospective development and determine which projects should receive maximum attention, based upon the potential profitability of each project at any point in time
Facilitate evaluation of the project design by Management and Operations in order to ensure that the interests of each group are satisfied, progressing through the development process as key milestones (entitlements, pre-leasing, financing, etc.) are achieved and approval is obtained to proceed
Interface with in-house Construction personnel from concept studies through bid documents, performing ongoing cost analyses in order to accurately determine the project cost and identify the most cost-efficient construction means, materials and methods and the related schedule
Supervise and approve all design decisions to maximize the physical and aesthetic quality and overall effectiveness of the project, while minimizing cost
Facilitate and monitor tenant design and construction effort to ensure that the project development and design objectives are satisfied
Manage the Development team and the relationship between internal cross-functional teams
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Qualifications
15+ years of more related experience
5+ years’ experience in strategic management and leadership experience
Bachelor’s Degree in Urban Development, Finance, Design, Law or related field
Real Estate, law, planning, architecture or engineering certifications or licenses are helpful, but not required
Managing multiple projects with accuracy and speed under time-sensitive deadlines
High quality analytical skills with an emphasis on the development process
Managing multiple projects with input from range of stakeholders
Ability to influence and build relationships, work collaboratively with individuals or teams, internally and externally
Ability to understand and utilize data (both quantitative and qualitative) to accurately diagnose key issues and develop strategies and plans
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