Sr. Vice President Real Estate Development

About the Role

We are seeking a Senior Vice President, Real Estate Development to join our Strategic Development team in delivering projects within our portfolio, focusing on large scale, mixed-use developments. The SVP of Development will lead commercial developments in the region from inception through completion, ensuring the outcomes represent the company's interests and meets or exceeds the financial goals of the project. This position will be responsible for the schedule, cost, revenue, and performance of developments under their direction.

The ideal candidate will have experience managing and executing all development strategies and tasks related to a project's successful completion including development strategy, relationship management, financial modeling, planning, design, permitting, sales/leasing, marketing, and close-out of the developments The SVP will manage and nurture development team members, fostering their growth and career development.

The selected candidate will have the ability to effectively manage internal and external teams of staff and consultants to achieve a project's success while simultaneously building a positive company reputation with all team members and within the community.

• Develop and implement strategic plans for specific commercial developments within any of our Master Planned Communities.

• Identify and evaluate new development opportunities.

• Align development projects with the company's long-term objectives.

• Oversee master planning of large-scale commercial districts within our communities.

• Provide primary assistance in annual business planning for applicable asset classes as well as creation of annual departmental and development budgets.

• Lead certain high-profile, large-scale developments including serving as the business liaison with potential partners, clients, and major tenants to establish development metrics, program requirements and delivery timeline.

• Evaluate development alternatives and make recommendations that achieve the business goals while embracing the vision of the company and MPC.

• Coordinate and arrange broad scope due-diligence and feasibility studies, as required, utilizing appropriate consultants where necessary to determine market characteristics and critical attributes of the physical site, as they relate to revenue and cost projections.

• Evaluate on an ongoing basis the timing of each prospective development and determine which projects should receive maximum attention, based upon the potential profitability of each project at any point in time.

• Review and analyze projects throughout the country with similar characteristics in order to determine and improve upon the key components of a successful development.

• Ensure projects are delivered on time, within budget, and meet quality standards.

• Evaluate and establish project objectives to maximize the use of the property and the return on investment.

• Work with in-house staff, develop, evaluate, and refine the project proforma.

• Facilitate, support and monitor the Sales/Leasing effort to ensure that project development and financial objectives are satisfied.

• Develop relationships with key political figures, including County, Township, Design Review Boards, etc.

• Establish and maintain strong relationships with existing and future development partners, prospective tenants and buyers, and the local real estate community in general.

• Represent the company and make presentations to Design Review Boards, AHJs and community groups.

• Represent the company at industry events and networking opportunities.

• Build and enhance the company's reputation, creating brand awareness and a reputation for quality developments.

• Collaborate with various internal shared services, such as design, construction, marketing, risk management, legal, accounting, leasing, and sales.

• Lead, mentor, and develop a high-performing team whether direct report or not.

• Foster a culture of continuous learning and professional growth.

• Conduct performance evaluations and provide constructive feedback.

• Bachelor's Degree with an emphasis on finance, engineering, design, planning, or construction. Graduate degree preferred.

• Minimum 15 years' experience with office, retail, mixed-use, high-end multifamily or condo development.

• Solid understanding of the principles of real estate development, design, finance, and construction.

• Experience in development of significant real estate projects greater than 200,000 sq. ft. in size and/or $50M in total costs, with preference for experience in mixed-use, multi-family and retail projects.

• Proven experience to evaluate the costs, risks, and benefits of alternatives to resolve problems and make decisions.

• Ability to make timely, fact-based decisions that balance analysis with decisiveness.

• Sustained track record of effectively communicating across an organization and in driving results.

• Embrace Internal & External Customer…