Development Manager

Federal Realty Investment Trust; El Segundo (CA); On-site; USD 170,000 - 210,000; Full time

Job summary

A leading real estate company is hiring a Development Manager in California, responsible for strategic investment management and project execution related to community shopping centers. The ideal candidate will have 4-6 years of experience in retail development and a relevant Bachelor's degree. Responsibilities include conducting feasibility analyses, managing design processes, and creating development schedules. The compensation range for this role is $170,000–$210,000 per year, inclusive of base salary and possible bonus.

Qualifications

• 4-6 years of previous experience in retail development.
• In-depth knowledge of engineering and architectural plans.
• Working knowledge of contract law and zoning law.

Responsibilities

• Perform development feasibility analysis.
• Manage the design process and consultants.
• Create and manage development pro-forma and schedule.

Skills

Retail development experience

Financial analysis skills

Management skills

Communication skills

Self-starter

Education

Bachelor's degree in related field

Job description

Federal Realty is a proven leader in the ownership, operation, and redevelopment of high-quality retail real estate in the country's best markets. We believe we are one of the most innovative and dynamic real estate companies you can work for. Interested candidates who research Federal Realty hear a lot about the high-quality shopping centers and well-respected real estate team at our core; it's the smaller intangible things that can make working at Federal so satisfying. While we're one of the largest publicly traded real estate investment trusts in the country, as measured by the value of our shopping centers, we're really a small company by most standards and we try to operate that way. Team members with initiative and ability can get involved in the many facets of our business over the years find the professional pursuits at Federal Realty rewarding. I encourage you to look us up on LinkedIn and follow Federal Realty Investment Trust.

Federal Realty is seeking a dynamic individual with a proven track record as a Development Manager, primarily within the retail real estate market. The Development Manager's responsibilities include strategic investment management and project execution related to redevelopment and development activities for the company’s community shopping centers in our California portfolio. This position is based in either our San Jose or Los Angeles office. Day-to-day activities involve partnering with the Vice President of Development and other key stakeholders, such as leasing, property management, financial analysts, and asset managers, to plan, build, and deliver successful economic outcomes with a high level of quality design, creating exceptional environments for both consumers and tenants at Federal Realty's shopping centers.

Responsibilities

• Perform development feasibility analysis
• Apply a strong understanding of zoning codes and regulations to successfully navigate the process of obtaining entitlements for development projects
• Apply a thorough understanding of building codes to ensure compliance and successfully obtain building permits for development projects
• Review anchor leases and CCR’s. Complete evaluation of existing leases to determine if any restrictions, no-build areas, or other encumbrances exist that may impact viability of the project
• Manage the design process and consultants to achieve project execution
• Work with leasing agents to establish merchandising plans and to establish a lease-up schedule
• Work with marketing to appropriately market the project to tenants and the general public
• Create and manage the development pro-forma and schedule
• Work with development accounting to create and maintain systems that provide accurate cost reporting and forecasting of cost and revenue
• Bid projects and negotiating construction contracts
• Work with general contractors through the design process to confirm budgets, schedules, and constructability
• Review all tenant lease requirements regarding build-out, tenant Improvements, and delivery requirements and timelines
• Perform ad hoc analysis and special projects as requested

Qualifications

• 4-6 years of previous experience required with strong experience in retail development
• Bachelor's degree (or higher) in related field
• In-depth knowledge of engineering and architectural plans
• Working knowledge of contract law, zoning law, real estate finance, and construction management
• Strong financial analysis skills; excellent analytic skills
• Strong management skills including the ability to motivate and guide a team
• Motivated, self-starter with ability to work with minimal supervision
• Ability to collaborate effectively within a team, communicating clearly and sharing information with colleagues across various departments
• Effective communicator (written & oral) with well-rounded presentation skills
• Willingness and ability to travel regularly, based on business needs

Total Compensation Range: The typical total compensation range for this role is $170,000–$210,000 per year, inclusive of base salary and any applicable bonus. To ensure a fair and competitive offer, we take into account your job-related skills, experience, and relevant qualifications.

Federal Realty Investment Trust is an Equal Opportunity / Affrightive Action employer. Federal values a diverse workforce and is committed to providing equal employment and advancement opportunities to all employees and applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, gender identity or expression, genetics, or protected Veteran status.

Federal Realty Investment Trust does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Federal Realty Investment Trust and Federal Realty Investment Trust will not be obligated to pay a placement fee.

If you are unable to submit your application online, please call 301-998-8100.