Simon Property Group Inc

Vice President, Development

Simon Property Group Inc$150K — $200K *
Real Estate & Construction
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, architecture, urban planning, engineering, or related field.
  • Advanced degree in Business/Real Estate or Urban Planning preferred.
  • 8-10 years of retail and/or mixed-use development experience, especially in the western U.S.
  • Experience with REAs and CC&Rs for joint mixed-use developments and partnerships.
  • Knowledge of CEQA and SEPA for entitlement processes.
  • Strong communication and public presentation skills.

Responsibilities

  • Assist in preparing development programs through planning, environmental, and economic analyses.
  • Support project management throughout planning, acquisition, and entitlement stages.
  • Collaborate with design and construction teams on project implementation.
  • Coordinate efforts of consultants and project teams including attorneys and engineers.
  • Ensure financial feasibility of site plans in collaboration with multiple departments.
  • Prepare project cost analyses and manage budgets according to company procedures.
  • Address zoning matters and strategic planning for existing properties and redevelopments.

Benefits

  • Opportunity to influence the evolution of retail and mixed-use environments.
  • Collaborative work with various internal teams and external stakeholders.
  • Participation in strategic planning and public representation at community events.
  • Exposure to diverse aspects of urban development and real estate advancements.
Full Job Description
Job Location:
Corporate Indianapolis

PRIMARY PURPOSE:
This position is responsible for managing aspects of entitlements for proposed new retail and/or mixed-use retail focused real estate redevelopment and expansion projects within the Simon portfolio. We are continuously evaluating our portfolio to enhance the Simon® experience-places where people choose to shop and retailers want to be. And for strategic locations, places where people also work, live, stay and play in mixed-use experiences. This is an opportunity to be part of an effort to evolve our "best in class" regional shopping malls into the next generation of destination retail and mixed-use environments.

The successful candidate will be at the forefront of Simon's efforts to transform key real estate assets, including retail, residential, hospitality, office, entertainment, and town center components. Experience and knowledge of west coast land use policies and evolving land use tools to strategically advance our assets, as well as a command of the California Environmental Quality Act (CEQA) and other related regulations. The position must be able to partner internally with other internal disciplines to successfully implement projects. The successful candidate should have demonstrated experience working with government agencies and community members, including presentation and negotiations in a public setting to secure development rights, and have a strong financial understanding to manage complex proformas. The candidate must be willing to travel to assigned various locations, and to participate and run public entitlement efforts at municipal public hearings.

PRINCIPAL RESPONSIBILITIES:
The successful candidate's responsibilities will include, but not be limited to:
• Assist in preparation of development program on selected properties based on planning, site and zoning analysis, signage, environmental and economic analyses, and all related due diligence.
• Support senior development personnel throughout planning, acquisition/disposition, entitlement.
• Work with design/construction staff on implementation, phased or otherwise, for all project requirements.
• Facilitate projects and consultants through point of completion. Coordinate project teams consisting of attorneys, engineers, planners and architects.
• Coordinate with various departments to ensure financial viability and leaseability of site plan alternatives.
• Assist in preparation of project cost analysis including construction and lease requirements and all related expenses to determine return on capital expenditure and project feasibility.
• Manage expenditures of committed funds with project budgets and in accordance with company procedures.
• Work with existing properties to address zoning or approval related matters, associated mall renovation efforts, redevelopments, underutilized space reuse, peripheral parcels and strategic planning.
• Provide regular project updates and reports to Senior Management as required.
• Work with partners, lenders and other parties to advance efforts towards successful implementation
• Provide public representation for the project and Simon's efforts to transform great mall properties to great mixed-use places, including participating/presenting at Council and Planning Commission meetings, community workshops to garner local community support, Chamber and other industry events, presentations to potential tenants and partners, elected leaders and community groups, etc.

MINIMUM QUALIFICATIONS:
• Bachelor's in finance, architecture, urban planning, engineering or related field.
• Advanced degree in Business/Real Estate or Urban Planning with financial foundation desirable.
• Experienced Development Professional with substantial retail and/or mixed-use experience in the western United States, for expansion of current assets to include mixed-use elements on traditional mall properties. Eight to ten years of demonstrated experience preferred.
• Knowledge and experience working with REAs and CC&Rs for major mixed-use places required; ability to work with and communicate with anchor and major retailer partners, and third party partners that may jointly develop certain portions of such efforts.
• Knowledge and experience processing entitlement efforts with CEQA and SEPA knowledge/experience.
• Strong communication and presentation skills.

About Simon Property Group Inc

Simon Property Group, Inc. is an American commercial real estate company, the largest retail real estate investment trust (REIT), and the largest shopping mall operator in the US. The company operates five retail real estate platforms: regional malls, premium outlet centers, The Mills, community/lifestyle centers and international properties. It owns or has an interest in more than 230 properties comprising approximately 190 million square feet of gross leasable area in North America and Asia.
Learn more about Simon Property Group Inc
Size
2,400 employees
Market Cap
$39.9 billion
Industry
Net Income
$1.1 billion
Founded
1993
5 Year Trend
-1.2%
Revenue
$4.6 billion
NASDAQ

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