Search Assignments
Vice President of Development - Completed
Company Overview:
Our client, a well-established & entrepreneurial, Washington, DC area based real estate investment/development firm seeks a talented development leader to join the firm. This group has a brand/reputation for transforming large, complex sites into exhilarating, mixed-used environments that ultimately have a tremendous, meaningful impact on the people, community, and environment. With several high-profile mixed-use projects in various stages of development, the firm needs an experienced, hands-on, development executive to join the leadership team and oversee the successful execution of the project pipeline.
Position Summary:
Reporting to the Principals, this senior leadership role will be an integral member of the Company’s senior leadership team accountable to the firm’s mission, vision, and values with day-to-day responsibility for managing the Company’s project/development process, while helping to strategically position the firm for future market competitive advantages and growth initiatives.
Key Responsibilities:
- Provide the Company with executive leadership and experience/knowledge to lead the strategic direction for all Company project/development execution roles/responsibilities ensuring the Company consistently meets program, schedule, budgetary, and profitability goals/objectives.
- Oversee project due diligence, programming, entitlements, design, financing, construction, marketing/leasing, and stabilization.
- Develop, manage, update, and interpret project proformas in collaboration with the Company leadership.
- Develop, build, and maintain positive, trusted relationships within state and local jurisdictions. Help lead community and political outreach efforts to secure any/all land entitlement and development approvals.
- Possess strong knowledge of local and state entitlement pathways and be able to assess entitlement risk for ground-up development projects and change of use opportunities.
- Lead all project teams. Responsible for process of interviewing, hiring, and managing all design, engineering, land-use, construction team, and any other consultants’ work efforts required throughout the project.
- Lead the negotiation of legal documents including contracts, easements, municipal agreements, and other project documentation. Manage, direct, and oversee the process of procuring any/all required permits.
- Develop and maintain all budgets, schedules, and project scopes to ensure key milestones and deliverables are met through the lifecycle of each/every project.
- Collaborating with senior construction staff, oversee change order reviews and provide senior leadership with any/all forecasting exposures.
- Lead project reporting and regular project operational/performance reviews to ensure project business plans are compliant. Help provide smooth transition to property management/operations.
- In partnership with Company marketing consultants, provide leadership and direction with all brand/marketing, programming, and placemaking direction throughout project execution.
- Maintain a strong presence in the local/regional community. Participate in networking opportunities, panels/discussions, and any other forum to grow Company awareness and presence within the business community.
- Provide leadership in formulating innovative, technology-driven ways to enhance operational and financial efficiencies within the Company to ultimately help drive additional competitive advantages for new and exciting opportunities
Key Qualifications:
- Bachelor’s/undergraduate degree required with a business/finance/economics, architecture/design, construction management, or civil engineering focus preferred. Master’s degree/MBA in Real Estate highly desirable.
- Minimum of 15+ years of development execution experience within sophisticated and reputable investment/development organizations. Prior experience having led successful execution efforts, from entitlement through stabilization, of large, complex, multi-use/phase, mixed-use development projects. Very comfortable with how different uses (multifamily, senior living, office, retail, etc.) impact the successful execution of development projects.
- Exceptional ability to lead, manage and motivate multi-disciplinary teams, both internally and externally during all critical phases of the development process.
- Must have an extremely high level of/attention to detail and the confidence/ability to provide guidance, support, and throughout projects, independently make timely decisions.
- Extremely strong financial/analytical skills. Ability to develop, manipulate, and interpret complex financial models.
- Exceptional ability to drive consensus among people and the ability to comfortably develop relationships with people at all experience levels inside and outside the organization.
- Must possess outstanding negotiation and problem-solving skills. Must possess great judgment when navigating through complex jurisdiction/municipality issues.
- Must be motivated to thrive in an entrepreneurial, hands-on, creative environment.