Development Manager

Related Group; Miami (FL); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Base Salary and Performance bonus

Medical, dental, vision

Employer Match Commuter Benefits

Employer-paid life and disability

Employer 401k match

Paid vacation, sick, personal, and hol

Tuition reimbursement and professional

Job summary

Related Group seeks a Development Manager to supervise due diligence, entitlements, design and construction for new builds and acquisitions. The DM will work with acquisitions staff, principals, consultants, and municipal authorities to plan project design and secure approvals.

You will monitor progress, schedules, and costs, interfacing with construction managers and management staff to ensure projects advance on time and within budget.

Qualifications

• 3+ years of experience with site development for Multifamily Condo projects.
• Experience in engineering, planning, residential and commercial development, budgets and/or entitlements is a plus.
• Must have multifamily or condominium development experience.

Responsibilities

• Lead pre-development activities including market/site identification, zoning, deal structuring and underwriting.
• Maximize profitability by aligning scope, schedule and budget with business plan objectives.
• Assess financial feasibility via pro forma and IRR analyses.
• Develop timelines and monthly status reports; prepare financing packages and equity sources.
• Lead permitting and entitlement processes; coordinate with consultants and authorities.
• Coordinate marketing and leasing collateral; align with other departments to pipeline deals.

Skills

Project management

Real estate development

Financial analysis

Bilingual in Spanish

Organizational skills

Education

MBA or finance

Bachelor's degree in a related field

Tools

MS Office Suite

Project tracking software

Job description

Founded in 1979, Related Group has evolved from an affordable housing developer into a global leader in sophisticated metropolitan living, renowned for its iconic designs, groundbreaking partnerships, and museum-quality art installations. Over 45 years, Related has built, rehabilitated, and managed over 110,000 units, earning its place as one of the most prolific names in real estate. Today, the company is in its most significant expansion yet, with more than 90 active developments across the U.S. and Latin America, spanning luxury condominiums, market-rate rentals, mixed-use centers, and affordable properties. Led by the Pérez family and a team of the industry’s top veterans, Related continues to push the industry bar higher, delivering innovative residential communities that positively transform cities, forge new trails and improve quality of life across all demographics.

Job Description:

POSITION SUMMARY:

The Development Manager position will be responsible for managing due diligence, entitlements, design and construction for a series of new construction and acquisitions for the company.

The DM will interface directly with the company’s property acquisition staff during acquisition and property evaluation, will work directly with company principals in planning project design and site layout, will manage all consultants during the due diligence phase, will interface directly with municipal authorities, transportation departments, environmental regulatory organizations and will manage creation of construction plans and approval thereof in conjunction with construction management staff before turning the project over to construction managers. The individual will remain involved during construction monitoring progress, schedules, and costs.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Lead the pre-development process which includes, but is not limited to, market and site identification, contract negotiations, preliminary architecture and site design, zoning / rezoning, deal structuring and underwriting, marketing, relationship building / management with both internal and external partners, local government support, etc.
• Maximize development profitability of construction and renovation projects by ensuring the scope, schedule and budget of all construction activities meets the specified project objectives outlined in the business plan
• Determine market and financial feasibility of new real estate opportunities. Calculate financial worth potential of proposed developments including pro forma analysis, profitability analysis, and internal rate of return analysis.
• Prepare accurate development timelines; submit monthly reports documenting job status. Ability to prepare financing packages including: Budget, bids, contracts, and RFP generations for new construction;, construction and permanent financing, and equity syndication or other appropriate funding sources.
• Lead the permitting and entitlement process for the projects
• Review design documents for coordination and accuracy between the various consultants
• Distribute information to construction, management and accounting staff when appropriate.
• Coordinate marketing efforts including print material, digital strategy, unit layouts, website launches, sales launches, sales center design and construction, and leasing collateral.
• Coordinate with other departments in order to successfully generate a pipeline of deals.

QUALIFICATIONS/SKILLS & KNOWLEDGE REQUIREMENTS

• Qualified candidates should possess significant experience in dealing with site development issues within the context of Multifamily Condo development projects.
• 3+ years of experience in engineering, planning, residential and commercial development projects, land and vertical construction/development budgets, and/or entitlements are a plus.
• Strong organizational and time management skills as well as the ability to multi-task and work independently with little supervision are required.
• A basic understanding of construction standards and practices is also needed.
• Must have multifamily or condominium development experience
• Proficiency with MS Office Suite, internet research, and project tracking software is necessary.
• Bilingual in Spanish a plus
• MBA and/or finance experience preferred

Benefits as a Related Employee:

• Base Salary and Performance bonus
• Medical, dental, vision, legal services, flexible spending account.
• Employer Match Commuter Benefits.
• The benefits package includes 100 percent employer-paid life and disability insurance.
• Employer Matching 401k.
• Upward Mobility
• Employee Engagement and Wellness programs.
• Company-paid Vacation, Sick, Personal, and Holiday Time.
• Opportunities for Professional Development and Tuition Reimbursement

The Related Group is proud to be an Equal Opportunity Employer.

We are a Drug-Free Workplace.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.