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Director of Real Estate and Development
5 months ago
We are seeking an experienced Director of Real Estate and Development to manage the expansion of new restaurant locations for our brand, Starbird. The Director will be based at our SF Bay Area Support Center and will oversee the comprehensive development of the new restaurant pipeline throughout the United States. The Director of Real Estate and Development will spearhead the formulation and execution of strategic initiatives to facilitate scalable growth, streamline processes to reduce time and complexity and optimize capital returns. Collaborating closely with senior leadership across the organization, the Director of Real Estate and Development will devise market expansion and densification strategies aligned with the Company's objectives. Additionally, they will serve as a primary conduit for expertise, advocating for our brand, operators, and customers' interests.
Key Responsibilities:
- Manage a defined territory that includes maintaining a strong market knowledge and an understanding of Starbird's leasing requirements, coverage gaps, opportunities, trends, competition, and other factors that contribute to knowledgeable real estate decisions.
- Achieve financial goals and metrics for new stores, such as ROIC and cost reduction.
- Oversee the store development process to ensure performance commitments, including opening dates, construction projects, and financial objectives, are met.
- Tour markets, proforma creation, letter of intent preparation, lease negotiation, renewals, expansions, relocations, and potential closures.
- Evaluate prospective new stores' spaces for cost implications and equipment, mechanicals, electrical, value engineering ideas, project management, cost savings, timeline management, solving unexpected cost issues, project close-out, and on-time, on-budget performance.
- Evaluate new store spaces for layout and 'flow' ideas, potential challenges, meet design production deadlines, ensure consistency with Company design standards, and reduce costs.
- Obtain necessary permits, approvals, and other regulatory prerequisites.
- Draft and submit restaurant projected budgets based on the scope of work and resource requirements.
- Manage construction projects to ensure timely and within-budget completion of new restaurants.
Requirements:
- Bachelor's degree in Real Estate, Business Administration, Finance, or a related field strongly preferred.
- A minimum of 10 years of experience in real estate development, asset management, or a related field with a proven track record of successful large-scale projects.
- Must be an experienced organizational leader who demonstrates great leadership, sales, presentation, and professional communications skills.
- Strong financial acumen, analysis, problem-solving, negotiating, and influencing skills.
- Strong understanding of real estate markets, zoning laws, property management, and real estate finance.
- Experience in negotiating and managing contracts and leases.
- Some restaurant experience.
- Excellent communication skills, both written and oral, with all levels of the organization including management, peers, and clients.
- Demonstrated leadership skills with the ability to manage and mentor a team.
- Ability to create and manage budgets, financial reports, and financial modeling.
- Experience working with architects, contractors, and other stakeholders in the construction process.
- Strong analytical and problem-solving skills.
- Willingness to travel as needed for site visits, meetings, and project oversight.
- Experience with land acquisition and site due diligence.
- Ability to manage multiple projects simultaneously and meet deadlines under pressure.
We are looking for a Director of Real Estate and Development who possesses exceptional communication prowess, is adept at engaging with individuals across all organizational tiers, and has the knack for effectively influencing both internal and external stakeholders. The ideal candidate will exemplify the mission, vision, and values of the Company's culture daily, serving as a dedicated ambassador. They must foster trust and prioritize continuous development, consistently seeking avenues for personal and collective enhancement to realize their full potential.
The ideal candidate must demonstrate courageous leadership, take personal accountability for ethical conduct, persevere through challenges, adapt swiftly to change, and make well-considered decisions promptly. They must deliver tangible results and comprehend the drivers of overall business prosperity, with a keen eye for anticipating obstacles and proactively mitigating their impact.
The Director of Real Estate and Development will lead with integrity, transparency, and expertise, championing Starbird's culture, values, and mission. They must cultivate enduring relationships with market and regional stakeholders, advocating for the brand and ensuring alignment with its objectives across diverse teams for optimal performance. The ideal candidate will champion the brand by validating new location decisions and ensuring execution is aligned with the essence of Starbird.
If you believe you are the right fit for this position and meet the qualifications and requirements listed above, we encourage you to apply.
About Starbird
Starbird is a Bay Area-born company and the nation's first super-premium fast-food concept. Starbird is blazing trails in the fast-food industry by challenging industry conventions and serving feel-good crispy chicken. While on a relentless pursuit of deliciousness, Starbird creates food people can feel good about eating. All the food is fresh, scratch-made, created with trustworthy ingredients, and served by passionate team members. Starbird makes accessing their five-star flavor easy with an omnichannel technology experience and seamless online and in-store ordering. Starbird's hospitality mission is to create a positive, memorable experience and connection with every guest. Our service standards match our food, super-premium. We are growing rapidly, and we'll add additional locations in the Bay Area and Southern California this year. To help fuel this growth, we are looking for amazing people who have a passion for the work we do here and to join our movement.
Our Culture
Our team members are the lifeblood of our organization. We select team members who exhibit our company values and have a positive attitude and disposition. We believe in promoting from within our organization and helping our employees to build their skills. To encourage self-growth within our organization, Starbird provides educational enrichment and language learning programs for all our employees. Whereas many companies give generously to worthy community-focused organizations, we focus our philanthropic efforts on the development and futures of all our beloved team members.
Requirements:Compensation details: Yearly Salary
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