Vice President, Development Full Time

The Vice President, Development (the “Vice President”) is part of the Heitman Asset Management department, which oversees a portfolio of properties across North America and includes a broad range of asset types. This position reports directly to the Senior Vice President and plays an important role in the implementation of each asset’s business plan.

Working closely with the firm’s Asset Managers, property specialists, JV partners, and third party service providers such as leasing, management, and development teams, the Vice President has the role of development specialist, participating in Company teams responsible for enhancing the value of each asset. The Vice President will contribute to the team’s expertise in the strategy, planning, budgeting and financial analysis, coordination, and oversight for each asset’s development opportunities.

While this position will initially focus primarily on retail assets, it may also include other property types. Development projects may include redevelopments, expansions, site densification, outparcel buildings, mixed-use and joint venture opportunities, parking variances, etc. Repositioning of existing assets may include reconfigurations of existing buildings, oversight of tenant improvement work, common area enhancement and property re-imaging.

The responsibilities of a Vice President, Development include, but are not limited to:

• Oversee development activities which include one or more of the following:
  • Participate in analysis of new developments, redevelopment and tenant specific opportunities including project proposals, pro forma, budget, and feasibility analyses
  • Participate with third party and JV partner teams including development, construction, leasing and property management to manage the full cycle development process from initial identification and evaluation, through investment approval, entitlements, lease up, design, construction, and project completion
  • Coordinate with JV partners and third party consulting teams for entitlement strategy and the analysis and interpretation of development and zoning regulations, REA’s, leases and related controlling documents
  • Contribute the development components of prospective tenant presentations and new leasing proposals. Assist internal and third party consultant teams with negotiation of design, construction and space delivery provisions for new leases
  • Guide and monitor preparation and approval of budgets, project schedules, and track compliance with economic goals
  • Contribute to efforts to secure state, federal and city subsidies for assigned developments
  • Coordinate the conceptual site plan analysis for assigned projects
  • Assist in management of the design process, the development of construction documents, the competitive bidding process, and the construction process for assigned projects
  • Assist in managing third-party relationships including architects, engineers, attorneys, consultants and project managers
• Respond to team inquiries and review other portfolio opportunities when requested
• Develop industry relationships with potential tenants’ real estate teams and other consultants
• Contribute to the development and implementation of procedures and controls to more effectively monitor projects and improve outcomes of development activities

We are seeking individuals who meet the following criteria:

• A minimum of 10 years of relevant real estate development experience managing processes associated with premium developments, retail or mixed-use experience preferred
• BA or BS degree in Business, Finance, Economics, Engineering, Architecture or related field required
• Experience with new developments and re-developments including evaluating sites, determining feasibility, underwriting, entitlements, development agreements, leasing, design, construction and operational turnover
• A team player and collaborator, with a style to operate effectively within a fast-paced company environment
• Creative and critical thinker with experience in evaluating complex situations and proven ability to solve problems
• Strong relationship development and interpersonal skills
• Concise, clear, and effective verbal and written communication skills
• Strong organizational and project management skills
• Understanding of site and lease plan drawings
• Understanding of financial reports
• Understanding of computer software for financial, economic and other data for project pro forma and analytical reports
• Willingness to travel as required

Source: Heitman Career Page

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