Development Associate

3 weeks ago

Charlotte, United States Madison Communities Full time

Madison Communities is a privately held leader in the multifamily sector. We focus on the development of high-quality, suburban, garden-style apartment communities throughout the Southeast. Founded in 2009, we have over 2,000 units complete across six states and fifteen cities with over 4,000 units under construction.


With a commitment to individuality and lifestyle by integrating influential charm and character of each properties surroundings we are able to deliver modern luxuries and exquisite attention to detail. With our robust pipeline we are excited to add a Development Associate to assist our Managing Director in our Charlotte headquarters located in Southpark.


Responsibilities

  • Project initiation from site analysis & selection, financial feasibility, schedule & budget, & securing community and political support.
  • Project determination including financial structure, funding commitments, cost estimates, establishment of project pro forma, and due diligence.
  • Manage the due diligence process: planning, design, entitlement/approval, and construction coordination for the entire project, including selection of (and coordination amongst) attorneys, architects, engineers, contractors, subcontractors, etc.
  • Coordinate with property management and asset management to determine the unit mix, unit sizes, unit amenities, project amenities, marketing lease-up budgets, and operating lease-up budgets.
  • Create and maintain overall development schedules throughout pre-development, construction, project opening, and stabilization, while serving as day-to-day liaison with internal construction management group and external design team.
  • Work to keep scope and cost in balance while meeting schedule and quality objectives. Oversee cost management/reporting. Prepare reports to internal management and external clients as needed.
  • Participate and collaborate with operations/marketing team during construction/delivery period; ensure follow-up with appropriate parties as needed with issues that arise.
  • Manage comprehensive tracking of project data for required reporting: construction progress, budget tracking, sales and/or leasing status, periodic market updates.
  • Coordination with construction manager to ensure successful completion and stabilization of projects on time and within budget.
  • Partner with legal to review and approve all project agreements and contracts.


Qualifications

  • Minimum 4-year college degree, preferably in engineering or architectural focus. Supplemental work experience accepted.
  • Minimum 2 years of proven progressive experience in the development of multifamily housing.
  • Action Oriented - Enjoys working hard; is action oriented and full of energy for the things he/she sees as challenging; not fearful of acting with a minimum of planning; seizes more opportunities than others.
  • Demonstrated track record of seeing multifamily projects from site evaluation to completion.
  • Ability to assess and manage risk factors affecting projects and the firm.
  • Strong financial and analytical skills, with a passion for real estate development.


Requirements

  • Strong financial and analytical skills, with a passion for real estate development.
  • Ability to handle multiple projects through the consistent completion of tasks with established deadlines.
  • Strong verbal and written communication skills and advanced knowledge of Microsoft Office, including Excel.
  • Proactive approach on all projects and team communications.
  • Strong strategic planning and management skills.
  • Excellent interpersonal skills such as that he/she deals successfully with personnel on all levels in the organization and relates well to contacts outside the organization.
  • Ability to absorb and act on complex legal documents such as land contracts, title restrictions, and permanent and construction financing agreements.
  • Report on site in our Charlotte Southpark office.


Benefits

Madison Communities offers a comprehensive benefits package including medical, dental, vision, disability, supplemental insurances, 401k matching contributions, paid time off and holidays.

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