Commercial Development Manager

4 weeks ago

Orlando, United States Park Square Homes Full time
Job DescriptionJob Description

Kimaya is a third-generation, family-owned, commercial real estate firm based in Central Florida known for providing uncompromised quality, expert market knowledge, and long-term value for our partners and investors. Our diverse development portfolio includes multifamily, Build to Rent, senior residences, hotel, retail, and beyond. Kimaya was formed in 2015 as a commercial subsidiary of Park Square Enterprises, LLC, an Orlando-based real estate development company founded in 1984 by Braham Aggarwal and his son-in-law, Suresh Gupta. One of Central Florida’s premier developers, Park Square Enterprises has been family-owned and operated for more than 35 years. Today, both Kimaya and Park Square Enterprises are led by Vishaal Gupta, son of Suresh Gupta, bringing three generations of superb family leadership and values to the organization.

Job Duties/Responsibilities: This position will be involved in all facets of the development process, including but not limited to the coordination with consultants, engineers, land brokers, contractors, third-party reports, and other due diligence materials. Other job duties include:

  • Manage the pre-construction and construction process including but not limited to planning, design, entitlement, construction, lease-up and stabilization of projects within established parameters under the general supervision of Director - Developments
  • Coordinate for due diligence materials such as Geotech, environmental reports, surveys etc and present findings to management on viability of sites for development
  • Research on zoning/permit, impact fee, utilities, title, liens and easements, construction cost estimates, to assist the underwriting and acquisition process
  • Participate in product development, unit mix and development program and provide directions to architects and engineers on the development intent
  • Lead entitlement process from zoning approvals through other permits necessary for construction and project completion
  • Maintain and track all the approvals, easements and necessary permits required throughout the project development.
  • Review the loan and partnership documents regarding development related requirements and assist in the loan closing
  • Coordinate and review architectural/ engineering drawings and other construction specifications
  • Coordinate and review contracts (scope, schedule of values and other important terms) of architects, engineers, other consultants, and AIA contract of general contractors and other vendors
  • Coordinate and assist in VE (Value engineering) process
  • Coordinate and review RFIs, submittals, change orders, inspection reports and track project costs during construction
  • Manage and supervise all the owner supplied contractors and their contracts, including but not limited to, FFE vendors and utility companies such as power, gas, data/telecom etc
  • Review and approve the pay apps of contractors and other consultants and coordinate the bank draw requests for timey payment of all project stakeholders
  • Maintain the NTO (Notice to Owner) log and coordinate for lien releases
  • Coordinate with vendors, contractors, and management for maintaining necessary insurances such as general liability, builder risk insurance etc
  • Conducts regular development meetings with all consultants & stakeholders, and site OAC (owner architect contractor) meetings during construction
  • Coordinate with general contractors on minutes of site OAC meetings, monthly status reports and other progress reports
  • Prepare and maintain development budgets, cash flow projections, project timelines, and prepare monthly status reports for the investors
  • Oversee the punch out process of finished units and coordinate with the asset manager and the on-site leasing staff for managing the tenants’ move-ins during early lease up phase
  • Review the handover documents such as punch list, warranty documents, and as-built drawings
  • Maintain relationship with the land use attorneys, municipal officials/ inspectors for timely resolution of development and construction related issues and other miscellaneous permits

Minimum Requirements:

  • 5 years' experience in Commercial Development, preferred Multifamily & Hotel projects.
  • Bachelor’s degree (Master’s preferred) in Real Estate, Business, Construction, Architecture, or other related field
  • Proficiency in creating reports and schedules
  • Advanced proficiency in Microsoft Office Suite, specifically Word and Excel
  • Strong research, problem solving and analytical capacities
  • Ability to travel up to 25% of the time within the Orlando Metropolitan area

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