Senior VP of Development

Found in: Jooble US O C2 - 2 weeks ago

Bethesda MD, United States Weller Development Partners Full time

Weller Development is in partnership with Harrison Group, Inc, an Executive Search Firm, to hire a Senior Vice President of Development.

Weller Development is a mission-driven commercial & hospitality real estate development firm that builds world-class communities. They collaborate with visionary investors to create large-scale luxury developments with the potential to transform cities, rebrand destinations, and lift up communities. At the heart of the company ethos is a triple-bottom-line approach to development, designing strategies that are financially viable, while providing benefits to the surrounding communities, the environment, and investors.

Position Core Responsibilities

  • Provide the Company with leadership and experience/knowledge to lead the strategic direction for all Company project/development execution roles/responsibilities ensuring the Company consistently meets program, schedule, budgetary, and profitability goals/objectives
  • Oversee project due diligence, programming, entitlements, design, financing, construction, marketing/leasing, and stabilization
  • Develop, manage, update, and interpret project proformas in collaboration with the Company leadership
  • Develop, build, and maintain positive, trusted relationships within state and local jurisdictions. Help lead community and political outreach efforts to secure any/all land entitlement and development approvals and to assess entitlement risk for ground-up development projects and change-of-use opportunities
  • Lead all project teams both internal and external. Responsible for the process of interviewing, hiring, and managing all design, engineering, land-use, construction teams, and any other consultants’ work efforts required throughout the project
  • Lead the negotiation of legal documents including contracts, easements, municipal agreements, and other project documentation. Manage, direct, and oversee the procuring process of any/all required permits
  • Develop and maintain all budgets, schedules, and project scopes to ensure key milestones and deliverables are met through the lifecycle of each/every project
  • Collaborating with senior construction staff, overseeing change order reviews, and providing senior leadership with any/all forecasting exposures
  • Lead project reporting and regular project operational/performance reviews to ensure project business plans are compliant. Help provide a smooth transition to property management/operations
  • In partnership with Company marketing consultants, provide leadership and direction with all brand/marketing, programming, and placemaking direction throughout project execution
  • Provide leadership in formulating innovative, technology-driven ways to enhance operational and financial efficiencies within the Company to ultimately help drive additional competitive advantages for new and exciting opportunities

Education, Experience and Qualifications

  • Bachelor’s/undergraduate degree required with a business/finance/economics, architecture/design, construction management, or civil engineering focus preferred. A master’s degree/MBA in Real Estate is highly desirable
  • Minimum of 10-15+ years of development execution experience within sophisticated and reputable investment/development organizations. Prior experience having led successful execution efforts, from entitlement through stabilization, of large, complex, multi-use/phase, mixed-use development projects. Hospitality experience is a plus
  • Exceptional ability to lead, manage, and motivate multi-disciplinary teams, both internally and externally during all critical phases of the development process
  • Must have an extremely high level of/attention to detail and the confidence/ability to provide guidance, support, and throughout projects, independently make timely decisions
  • Extremely strong financial/analytical skills. Ability to develop, manipulate, and interpret complex financial models
  • Exceptional ability to drive consensus among people and the ability to comfortably develop relationships with people at all experience levels inside and outside the organization
  • Must possess outstanding negotiation and problem-solving skills. Must possess great judgment when navigating through complex jurisdiction/municipality issues.
  • Must be motivated to thrive in an entrepreneurial, hands-on, creative environment
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