Retail Outparcel Development Manager
1 month ago
Bridge33 Capital is a rapidly growing, vertically integrated real estate private equity firm focused on open-air retail real estate. The Company recently raised $458 MM in its latest opportunistic fund, marking a key milestone for the company.
We are seeking a Retail Outparcel Development Manager to join our Asset Management team. This role is responsible for taking existing unbuilt land in the company's portfolio and leading new outparcel developments from conception through development to delivery. Successful candidates will have a proven track record and deep experience in retail pad development.
This is an in-person role based in Philadelphia, Pennsylvania. As a key member of our team, you will have the opportunity to make a significant impact on the company's growth and success.
Key Responsibilities:
- Lead retail pad development from start to finish, including identification, due diligence, financial analysis, zoning and subdivision, design, leasing, construction, and final delivery.
- Conduct feasibility studies to identify potential pad development and disposition opportunities within the existing portfolio.
- Perform predevelopment activities, including evaluating entitlement likelihood, conducting financial and market analyses, identifying initial product concepts, and managing environmental, architectural, engineering, and land use studies.
- Direct the entitlement process in collaboration with the broader team, including representing the project at hearings and neighborhood meetings, coordinating with internal team members, attorneys, planners, architects, engineers, consultants, and local officials.
- Coordinate with architects, engineers, contractors, and other team members to ensure projects are completed on time and within budget.
- Prepare and present project updates and reports to senior management.
- Assist in other ad hoc projects as needed, such as the redevelopment of oversized retail boxes and adding drive-throughs to existing buildings.
Requirements:
- A proven track record of single or multi-tenant retail pad development.
- Minimum of 10 years of experience in real estate development and dispositions, with a focus on retail pads.
- Bachelor's degree in business, real estate, architecture, construction, engineering, or related field.
- Ability to independently drive projects through their entire life cycle.
- Excellent financial analysis and project management skills, with the ability to manage multiple projects simultaneously.
- Strong negotiation and communication skills.
What We Offer:
- A fast-paced and dynamic work environment, including frequent interaction with company leadership.
- Flexible time off policy.
- Company-sponsored medical, dental, and vision insurance.
- Company-paid life insurance.
- Company-paid short- and long-term disability insurance.
- Paid parental leave.
- 401k plan with company match.
- 11 paid holidays.
Bridge33 provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetic information, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. Bridge33 is committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, please contact our Human Resources department.
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