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Director, Development

3 months ago

Reston, United States Comstock Companies Full time
Job DescriptionJob DescriptionDescriptionThe Development Director is a pivotal role responsible for overseeing and delivering a diverse range of projects across multiple asset types including mixed-use, office, retail, hotel, and residential developments. This individual is expected to manage the entire development process from initial concept through completion, emphasizing quality, budget, and schedule.
 

Key Responsibilities
  • Lead and manage all aspects of development projects, across multiple asset types, including office, retail, hotel, and residential developments, ensuring adherence to quality, budget, and schedule.
  • Select, manage, and coordinate with design and consultant teams in evaluating and pursuing development opportunities.
  • Conduct comprehensive feasibility analysis and due diligence for potential projects.
  • Obtain, evaluate, and apply market research to inform project design and pro forma.
  • Prepare, manage, and oversee project budgets, schedules and pro formas in collaboration with construction team and finance group.
  • Secure entitlements and approvals, manage and track compliance with relevant regulations and proffers.
  • Guide the project design process from initial feasibility/concept through to grand opening, ensuring alignment with target metrics and identifying value creation opportunities.
  • Coordinate development efforts with various internal teams, including Construction, Marketing, Leasing, Operations, and Asset Management.
  • Prepare and present periodic reports for stakeholders such as owners, lenders, and capital partners.
  • Ensure internal approvals for project milestones and changes, integrating them into project plans, budget/pro forma and construction documents.
  • Negotiate and review tenant LOIs, leases, and work letters; address concerns related to landlord work and tenant improvement plans, finishes, and signage.
  • Work with Tenant Coordination to facilitate the timely delivery of tenant spaces and ensure tenants' opening schedules are met.
  • Regularly forecast project costs, schedules, and identify potential opportunities and exposures.
  • Process invoices, back charges, and contract documents in line with company policies.
  • Develop and propose partnerships with public and private entities.
  • Assist in other development-related administrative tasks including project notes, meeting minutes, status reports, and file maintenance.
  • Work with Construction to facilitate bids and permitting.


Skills, Knowledge and Expertise
  • Bachelor’s degree in real estate, business, or related field required; MBA, JD, or CPA preferred.
  • Minimum of 5-10 years of real estate development experience, with proficiency in mixed-use, commercial, multi-family, hotel, and retail development.
  • Extensive experience managing the full cycle of building development processes.
  • Exceptional skills in financial analysis and modeling, particularly in complex mixed-use developments.
  • Proficient in Microsoft Office Suite, including Excel, Word, Project, and Outlook.
  • Strong oral and written communication, active listening, and organizational skills.
  • Demonstrated ability to think quickly, proactively, and handle multiple projects in a fast-paced environment.
  • High level of integrity, accountability, and a commitment to excellence.
  • Customer-focused, results-oriented, with a continuous learning and development mindset.


BenefitsWhy Comstock?
  • Our innovation and dedication to work/life balance have earned us numerous workplace awards.
  • We offer a work environment that is both collaborative and respectful.
  • Our community-focused approach positions us as a highly regarded employer in the industry.
Compensation:
- Competitive Salary with Bonus Potential
- Generous Benefit Package: Medical, Dental, Vision, 401K Match, Life Insurance

Career Development
- Opportunities for Advancement within our expanding portfolio
- Annual Professional Development Funds to fuel your growth

Employee Perks (to name a few):
- Housing Discount
- Commuter Benefits
- Free Parking and EV charging
- Parental Leave Program
- Enjoy a Friendly Work Environment that values collaboration

Explore more perks and possibilities here for growing your career with Comstock Companies Discover what sets us apart