Job Title: SVP/ Vice President of Development, Residential
Department: Development
Location: Based in Charlotte, NC, Atlanta, GA and Florida (Tampa, Miami, or Orlando)
Employment Category: Full-time
Reports To: Managing Director, Residential
FLSA Status: Exempt
SUMMARYThis role will consist of deal sourcing, underwriting, deal closing and transition to construction team. The scope for the project work will extend from concept through completion including programming and concept development, feasibility, entitlements, design, financing, construction, commissioning and occupancy.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned as needed.
- Source and partner with brokers, investors, owners, and developers to evaluate development opportunities.
- Prepare and present site evaluation and site approval packages to Portman leadership team for new opportunities inclusive of proformas, demographics, analytics, LOI's, LOD's, design criteria, area and market maps, revenue forecasts, etc., to determine property feasibility, perform site research, demographics, and mapping.
- Develop and maintain key real estate industry relationships including investors, developers, brokers, contractors and potential partners.
- Assists with budgeting and forecasting, responsible for execution and financial performance of projects
- Manage due diligence process on land acquisition opportunities
- Monitor development phases and entitlement processes post-closing
- Establish project requirements, priorities and deadlines.
- Coordinate duties with architects, engineers, landscape architects, interior designers, property managers, project managers, and development associates.
- Coordinate resources (staff, vendors and consultants) and manage schedules and budget for assigned project(s), and monitor project progress adjusting resources and priorities to achieve business objectives within project guidelines.
- Supervise, mentor, and develop direct reports which may include other development managers, project managers, and development analysts.
- Exercises independent judgment in developing methods, techniques and evaluation criteria for successful execution. Identify and eliminate obstacles to solutions, plans, business goals or implementation. Assist in the development and implementation of contingency plans.
- Initiate and maintain reporting relationships with project stakeholders including partners, team members, peers, managers, customers, vendors, and other affected departments to coordinate efforts across multiple business and technical groups, and ensure continuous efficient management of projects.
- Comply with Health, Safety and Environmental responsibilities for the position.
REQUIRED EDUCATION, KNOWLEDGE, SKILLS & ABILITIES- Minimum of 10+years of development experience.
- An undergraduate degree in business, engineering, or construction, master's degree preferred.
- Residential and mixed-use development and construction project management experience.
- A demonstrated leader within the commercial real estate industry. Track record of acquisitions.
- Strong knowledge of the acquisition deal process
- Understanding of market and industry trends
- Ability to connect with people and develop and maintain professional relationships
- Knowledge of the project approval and permitting process.
- Exceptional planning and analytical skills.
- Proven track record of full cycle residential development required
- Excellent verbal and written communication skills.
- Strong conflict resolution and problem-solving skills.
- Strong design orientation with the ability to maintain design intent throughout the development process to the finished project.
- Obvious presence and confidence, able to interact with Portman Residential's senior management team as well as current and potential clients.
- The ability to work independently with minimal direction and oversight.
- Positive leader and team player with the ability to foster good working relationships at every level of an organization, both internally and externally.
