Vice President, Manhattan, Commercial & Industrial

Vice President, Manhattan, Commercial & Industrial

New York, New York, United States

Our Vision
:
To make New York City the global model for inclusive innovation and economic growth, fueled by the City’s diverse people and businesses.

Our Mission
:
Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.

The Asset Management (AM) Division is at the forefront of managing NYC’s largest and most diverse portfolio of real estate and transportation assets. The AM Division is responsible for linking policy goals with full life‑cycle management of its broad portfolio, including retail spaces, commercial buildings, industrial sites, ports, public markets, theaters, and major campuses through capital planning, design and construction, asset and facilities management, and enterprise operations.

Portfolio Overview
:
The Manhattan Portfolio is a key component of NYCEDC’s broader mission to enhance the economic vibrancy and sustainability of New York City. The portfolio includes critical assets such as 42DP, the Seaport, Zero Irving, Columbia Audubon, 1680 Lexington, and more. The portfolio also encompasses strategic land‑use initiatives, workforce programs, and innovative sustainability efforts aimed at creating jobs, promoting environmental justice, and supporting economic growth in the borough of Manhattan.

Position Overview
:
The Vice President of Manhattan is a leadership role responsible for overseeing and owning all aspects of the Manhattan Portfolio. Reporting to the Co‑Head of Commercial and Industrial with significant interface with NYCEDC’s President’s Office, this position demands a dynamic and strategic leader experienced in managing and leading large real‑estate portfolios through development, repositioning and stabilization. In this high‑profile position, the Vice President will navigate multifaceted stakeholder environments, driving operational excellence, and leading transformative projects that will have a lasting impact on New York City.

• Lead the development and execution of a comprehensive strategic vision for the Manhattan Portfolio, ensuring alignment with NYCEDC’s broader goals of economic development, sustainability, and community impact.
• Oversee all aspects of the portfolio, including strategic planning, development, and operations, to maximize its economic potential and community benefits.
• Evaluate and execute upon opportunities for redevelopment within the portfolio, planning for RFPs and/or capital projects to modernize, expand or reposition assets. This includes developing the financial underwriting of proposed investments and managing team members in building financial models.
• Manage the cadence of asset management duties, including consistent tenant communications, monthly portfolio meetings to reconcile management budgets, review lease pipelines, plan for lease expirations, evaluate tenant financial reports, manage arrears and collections, investigate insurance issues, advise on any ongoing litigations and other regular asset management tasks.
• Direct the preparation of various contracts, requests for proposals (RFPs), and reports according to company and management expectations and guidelines and consult with Senior Management as directed regarding preparation of key correspondence and investment memoranda.

• Develop and implement a strategic leasing plan to optimize occupancy and revenue across the portfolio.
• Cultivate strong relationships with current and prospective tenants, ensuring high satisfaction and retention rates.
• Negotiate lease agreements and manage tenant relations to align with NYCEDC’s objectives and community needs.

• Serve as the primary liaison with community leaders, city officials, and other stakeholders to foster partnerships, secure funding, and support initiatives that benefit the Manhattan communities.
• Lead community engagement efforts to ensure that the portfolio’s initiatives align with the needs and priorities of local community.
• Manage the portfolio’s financial performance, including P&L responsibility,…