Real Estate Development Retail Manager

Banneker Ventures, LLC; Silver Spring (MD); On-site; USD 80,000 - 100,000; Full time

Job summary

Banneker Ventures, LLC is seeking a Real Estate Development Retail Manager in Silver Spring, MD, to drive the growth of retail operations across the United States. This role involves identifying new retail opportunities, managing site selection processes, and overseeing development from concept through to store opening. Candidates should have a minimum of 5 years' experience in retail development and strong negotiation skills. The position offers a salary range of $80,000 - $100,000 annually, along with the potential for performance bonuses.

Qualifications

• Minimum of 5 years of experience in retail development or real estate.
• Proven track record of managing retail site selection and openings.
• Familiarity with construction management and retail design principles.

Responsibilities

• Identify and evaluate potential retail locations using market research.
• Lead negotiations and secure leases or purchase agreements.
• Develop timelines and budgets for store openings.
• Monitor competitive landscape to adjust development plans.
• Build relationships with landlords and community stakeholders.

Skills

Analytical skills

Communication skills

Negotiation skills

Project management expertise

Leadership skills

Adaptability

Tools

Project management software

Geographic Information Systems (GIS)

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Professional Silver Spring, MD, US

3 days ago Requisition ID: 1027

Salary Range: $80,000.00 to $100,000.00 Annually

About Banneker

Banneker Ventures is a dynamic and fast-growing real estate development, construction, advisory, and property management firm dedicated to building vibrant, sustainable communities throughout the Washington, DC metropolitan area. With a reputation for excellence, Banneker recently expanded its operations to include a Property Management division. The role we are seeking to fill offers the unique opportunity to lead and shape this new division, directly impacting the long-term growth and success of the firm.

Its real estate development division prides itself on helping to solve the affordable and workforce housing problem in the Washington Metropolitan region. It is currently working on $1.5 billion in projects, and 2 million square feet of housing, retail, office, and entertainment space throughout Washington DC, Maryland, and New York City. Its mission is to ensure that every family has a safe, quality, and affordable place to live while creating opportunities for those who have historically not had the opportunity to work on and be part of large-scale development and construction projects.

Job Overview

The Real Estate Development Retail Manager plays a pivotal role in driving the strategic growth and expansion of retail operations across the United States. This position is responsible for identifying new retail opportunities, managing site selection, and overseeing the development process from concept through to store opening. The role requires close collaboration with cross-functional teams including marketing, operations, real estate, and finance to ensure alignment with company goals and brand standards. The Retail Development Manager will also analyze market trends and customer insights to optimize retail footprint and enhance overall customer experience. Ultimately, this role aims to increase market share and profitability by delivering successful retail development projects on time and within budget.

Responsibilities

• Identify and evaluate potential retail locations through market research and site visits to support expansion strategies.
• Lead negotiations and secure leases or purchase agreements for new retail sites in collaboration with legal and real estate teams.
• Coordinate with internal departments and external vendors to manage store design, construction, and merchandising setup.
• Develop and maintain project timelines, budgets, and status reports to ensure timely and cost-effective store openings.
• Monitor competitive landscape and consumer trends to recommend adjustments in retail development plans.
• Build and maintain strong relationships with landlords, local authorities, and community stakeholders to facilitate smooth project execution.
• Provide leadership and guidance to junior team members and collaborate with development managers to support operational readiness.

Qualifications

• Minimum of 5 years of experience in retail development, real estate, or a related industry.
• Proven track record of successfully managing retail site selection and store openings.
• Strong negotiation skills and experience managing lease agreements and vendor contracts.
• Excellent project management skills with the ability to manage multiple projects simultaneously.
• Experience working within a national retail chain or franchise environment.
• Familiarity with construction management and retail store design principles.
• Knowledge of local zoning laws, permitting processes, and regulatory compliance.
• Proficiency with project management software and geographic information systems (GIS).

Skills

• Utilizes analytical skills daily to assess market data and identify optimal retail locations that align with strategic growth objectives.
• Strong communication and negotiation skills are essential for securing favorable lease terms and building partnerships with landlords and vendors.
• Project management expertise is applied to coordinate cross-functional teams, ensuring that store development projects meet deadlines and budget constraints.
• Leadership and interpersonal skills facilitate collaboration with internal stakeholders and external partners to drive successful store openings.
• Additionally, adaptability and problem-solving skills are critical to navigating challenges related to site acquisition, construction, and regulatory compliance.