Commercial Development Director

3 weeks ago

Sandy, United States Hire Integrated Full time

Director of Commercial Development


OVERVIEW

Larry H. Miller Real Estate (LHMRE) is searching nationwide to find two top-performing Directors of Commercial Development to play critical roles in leading two pivotal commercial development projects in the Salt Lake City Utah area.


Position 1: Oversee development of the Power District project (100 acres in the heart of Salt Lake City’s westside), including dining, retail, residential options, green space, trails, and a potential Major League ballpark.


Position 2: Lead the 1,300-acre South Jordan Daybreak Development project with an entertainment district and a minor league ballpark.


  • Compensation: Competitive (DOE)
  • Location: Sandy, UT (out-of-state candidates must relocate to UT, paid by employer)
  • Reports to: VP of Commercial Development


WHAT YOU WILL DO

In this role, you carry out the company’s development strategy for commercial development projects including planning, design, feasibility, budgeting, business plan development, scheduling, permitting and entitlements, leasing, contracting and construction coordination, and other aspects of development.


This includes:


Strategy & Leadership

  • Supporting the president and the Company in implementing its strategic plan, refining the

and strategy, and aiding in the creation and achievement of success metrics

  • Establishing and maintaining effective systems-based processes and procedures for the project management and asset management staff
  • Enabling the commercial development project managers to complete their projects on time and on budget


Development & Project Financing

  • Directing the preparation of site plans for commercial, retail, and mixed-use projects of various densities
  • Planning, directing, and managing the activities of consultants performing due diligence and entitlement services to adhere to project schedules
  • Negotiating contracts and working with the LHMRE finance team to maximize capitalization of development projects based on the stage of development
  • Maintaining budget discipline from conceptual design through construction
  • Preparing preliminary development timelines and critical achievements for projects
  • Coordinating with city officials, utility companies, and other third-party entities throughout construction and building certification
  • Coordinating the completion of work and inspections to achieve targeted completion by required dates and obtain a Certificate of Occupancy from government officials
  • Maintaining current knowledge of regulations that might impact assigned projects
  • Aiding in the building start-up and coordinating turnover to the property management company
  • Understanding lease language to complete owner responsibilities and support the asset management team with leasing efforts


WHAT YOU WILL BRING

  • 10 + years of related experience in commercial (incl. MFR) real estate development and/or management of commercial projects
  • Deep knowledge and experience in mixed-use commercial development that is similarly sized to the Daybreak and/or Power District projects (Entertainment District and/or Sports-anchored commercial development strongly preferred)
  • Strong leadership and management abilities to lead people through complexity
  • Strong project management and budgeting skills to coordinate with diverse teams and meet deadlines; detail-oriented
  • Competency in reading and understanding civil engineering, grading, and utility plans
  • Proven track record of negotiating win-win deal terms
  • Strong working knowledge of entitlements, engineering, planning, and zoning issues
  • Demonstrable competency in strategic planning and business development
  • Working knowledge of data analysis and performance/operation metrics
  • Bachelor's degree required with extra consideration for MRED, MBA, or MSF


Collaborates: Builds partnerships and works cooperatively with others across the organization to achieve shared objectives


Plans and Aligns: Plan and prioritize work to meet commitments aligned with organizational needs

and goals. Includes the ability to break down objectives into appropriate initiatives and actions while anticipating and adjusting effective contingency plans.


Instills Trust: Gains the confidence and trust of others through honesty, integrity, and authenticity

by following through on commitments, keeping confidences, and showing consistency between

words and actions.


Strategic Mindset: Sees ahead to future possibilities and translates them into breakthrough

strategies. Achieved by anticipating future trends and implications accurately and articulating

credible pictures and visions of possibilities that will create sustainable value.


Note: The need may arise to revise, supplement, or rescind portions of this job description, and Larry H. Miller Real Estate reserves the right to do so.


ABOUT LARRY H. MILLER REAL ESTATE

Larry H. Miller Real Estate (LHMRE), a portfolio company of the Larry H. Miller Company, is a

vertically integrated real estate platform that engages in site acquisition and development, project

and construction management, financial and capital structuring, and property and asset

management. LHMRE’s development projects and assets include large-scale master-planned

residential communities; commercial, industrial, and entertainment venue development and asset

management; and a growing portfolio of joint ventures with leading real estate partners across the

nation. The Larry H. Miller Company provides management and direction for its portfolio of well

known and high-performing companies, and always seeks to support its mission to enrich lives and

its vision to be the best place in town to work and the best place in town to do business.

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