Development Director

2 days ago

Reston, Virginia, United States Comstock Companies Full time
Job Title: Development Director

Comstock Companies is seeking a highly skilled Development Director to oversee and deliver a diverse range of projects across multiple asset types, including mixed-use, office, retail, hotel, and residential developments.

Key Responsibilities:
  • Lead and manage all aspects of development projects, 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.
Requirements:
  • 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.
Benefits:
  • Competitive salary with bonus potential.
  • Generous benefit package, including medical, dental, vision, 401K match, and life insurance.
  • Opportunities for advancement within our expanding portfolio.
  • Annual professional development funds to fuel your growth.
  • Housing discount, commuter benefits, free parking, and EV charging.
  • Parental leave program and a friendly work environment that values collaboration.

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