VP, Development, Real Estate

OLYMPIA DEVELOPMENT OF MICHIGAN; Detroit (MI); On-site; USD 180,000 - 275,000; Full time

Job summary

OLYMPIA DEVELOPMENT OF MICHIGAN seeks a senior real estate development leader to manage the full lifecycle of mixed-use projects in The District Detroit. You will direct teams, coordinate with contractors, lenders and city officials, and ensure value, cost control, and timely delivery.

You will steward pre-development feasibility, incentives, capital structuring, leasing and construction, while guiding risk management and regulatory compliance to achieve organizational goals.

Qualifications

• Bachelor’s degree in Real Estate Development or related field.
• Ten years or more progressive experience directing development and managing mixed-use real estate development.
• Experience with entitlements, zoning, environmental issues and incentives.
• Strong leadership, strategic thinking and ethics.

Responsibilities

• Lead development for ODM-controlled real estate projects from pre-development to stabilization.
• Oversee acquisition, construction, and rehabilitation of sites; manage budgets and public financing obligations.
• Negotiate development deals with leasers, investors and city officials; liaise with internal and external stakeholders.
• Develop and implement operating guidelines and risk management strategies.

Skills

Leadership

Strategic thinking

Project management

Budgeting

Entitlements & zoning

Due diligence

Negotiation

Stakeholder management

Education

Bachelor's in Real Estate Development

Master's in Real Estate Development (preferred)

Tools

Real estate databases

Microsoft Office

Internet research

Job description

Summary:Responsible for all planning, organizing, development and control of strategic plans to reactivate and oversee the management of mixed-use real estate and facilities in The District Detroit with a particular focus on co-development opportunities with other third party developers. This position will represent the organization with outside developers, contractors, potential leasers, investors or other individuals that guarantee the success of the project. The position will ensure efficiencies and profitability for all developmental and real estate management initiatives. The position will appropriately handle confidential and proprietary information and will operate with discretion and autonomy.Key Responsibilities:Lead the entire development process for Olympia Development of Michigan (ODM) controlled real estate projects including:Pre-development: Feasibility; Entitlements and incentives; Capitalization; Leasing.Development: Design and construction; Completion and stabilization.Maximize land development value in a manner that best serves the overall operational objectives of the enterprise.Oversee acquisition and construction of new sites as well as upgrades and rehabilitation of existing sites.Oversee internal and external consultants throughout pre-development, entitlement, financing, due diligence and construction phases.Negotiate and procure contractor services on behalf of the client.Accountable for project capital and expense budgets and monitoring ongoing public financing obligations and covenants and ensure alignment with the overall development strategy.Responsible for implementation of development strategies to ensure cost, schedule, performance and alignment with organizational objectives.Real Estate Management:Full responsibility for all areas of the mixed-use real estate process, including entitlement process, site/land control, feasibility, financial entitlement, and implementation.Assess market conditions and develop real estate strategies consistent with achieving ownership objectives and attaining optimum performance levels.Direct assigned development teams to ensure proper real estate development execution and regulatory compliance.Negotiate strategic development deals/agreements and serve in a liaison role between Olympia Development, leasers, investors and city officials.Anticipate risks that will impact organizational objectives and implement strategies to mitigate and manage those risks.Lead cross-entity functions to ensure high quality relationships between disciplines/operational areas (i.e. Legal, Finance, Community Relations, etc.).Develop and implement operating guidelines that are consistent with best practices.Manage potential tenant relationships and attraction and retention of tenants.Optimize tenant-related services, whether in house or outsourced, and negotiate and procure contractor services on behalf of the client.Implement and oversee strategies and processes to manage the operating and capital budget and reduce future operating costs.Minimum Knowledge, Skills and Abilities:Bachelor’s degree in Real Estate Development. A degree in another related degree may be considered.A minimum of ten (10) years’ progressive experience directing development and managing a mixed-use real estate development, including a thorough understanding of real estate strategies, planning, transactions and facilities operations.Minimum of seven (7) years of managing real estate/urban development projects, including timelines, budgets and resources.In-depth knowledge and previous experience of the local downtown Detroit real estate market, including the highest and best utilization for the area.Evidence of knowledge and understanding of real estate development finances.Demonstrated understanding of the acquisition and due diligence process including entitlements, zoning, environmental issues and incentives.Evidence of being a strategic thinker with the ability to develop and implement processes and plans.Evidence of planning acumen, analytical expertise and long-term strategic outlook with proven results.Evidence of a successful leadership track record with high ethical standards.Evidence of highly developed persuasion, relationship building and interpersonal skills that results in the evidence of trust from peers, public and private stakeholders and company ownership/leadership.Strong leadership, planning, management and organizational experience, directing the outcome of multiple, complex projects.Demonstrated communication effectiveness in all forms and the ability to educate and inform broad audiences with evidence of well-developed influencing and negotiation skillsProficient at real estate databases, Internet and Microsoft applications.No employment or contractual restrictions due to existing confidentiality and/or non-competition agreement and ability and willingness to sign a confidentiality and non-competition agreement with the Olympia Development of Michigan.Preferred Knowledge, Skills and Abilities:Master’s Degree in Real Estate Development or related field.Membership in a community organization or board and understanding of community-driven initiatives.Experience applying lean processing methodologies.Experience in planning development and tax incentives for historical structures.Working Conditions:This position will work in an office environment and will visit outdoor locations and travel occasionally.All items listed above are illustrative and not comprehensive. They are not contractual in nature and are subject to change at the discretion of Olympia Development of Michigan.Olympia Development of Michigan is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regards to that individual’s race, color, religion or creed, national origin or ancestry, sex (including pregnancy), sexual orientation, gender identity, age, physical or mental disability, veteran status, genetic information, ethnicity, citizenship, or any other characteristic protected by law.The Company will strive to provide reasonable accommodations to permit qualified applicants who have a need for an accommodation to participate in the hiring process (e.g., accommodations for a job interview) if so requested.