Development Manager

PRH Investments, LLC DBA The Related Group; Ocean View Heights (FL); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Base salary + performance bonus

Employer-paid health/dental/vision

Employer 401k match

Paid vacation and holidays

Professional development & tuition

Wellness programs

Job summary

The Related Group in Florida seeks a Development Manager to oversee due diligence, entitlements, design and construction for a pipeline of new construction and acquisitions. You will coordinate with acquisition staff, principals, consultants and municipal authorities to advance projects from planning through approvals.

Ideal candidates have 3+ years in multifamily condo development, strong organizational skills, proficiency with MS Office and project-tracking software, and the ability to work

Qualifications

• Multifamily condo development experience preferred.
• 3+ years of engineering, planning, residential and commercial development experience and/or entitlements are a plus.
• Bilingual in Spanish a plus; MBA/finance experience preferred.

Responsibilities

• Lead the pre-development process including market/site identification, negotiations, zoning and deal underwriting.
• Maximize profitability by managing scope, schedule and budget to meet objectives.
• Determine market and financial feasibility with pro forma and IRR analyses.
• Prepare development timelines and monthly status reports; assemble financing packages.
• Lead permitting and entitlement processes; coordinate with design consultants.
• Coordinate marketing efforts and pipeline development with internal teams.

Skills

Organizational skills

Time management

Spanish bilingual

MS Office

Project tracking software

Education

MBA and/or finance experience preferred

Tools

MS Office Suite

Project tracking software

Internet research

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 REQUIREMENTSQualified 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 experienceProficiency with MS Office Suite, internet research, and project tracking software is necessary.Bilingual in Spanish a plusMBA and/or finance experience preferredBenefits as a Related Employee:Base Salary and Performance bonusMedical, 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 MobilityEmployee 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 EmployerThis 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.