Development Associate

2 months ago

BalaCynwyd, United States Velocity Venture Partners Full time
Job DescriptionJob Description

 Role Details:

  • Assists in the day-to-day management of project-specific land development from planning and entitlements through project completion.
  • Ensures that the work is within compliance of City and/or County requirements.
  • Works with SVP to administer multi-vendor consulting teams in preparation and processing of land use documents.  Including but not limited to legal, professional engineers and consultants necessary for each project.
  • Manages timelines to ensure projects are on track and provide regular updates to the principals.
  • Reviews and determines applicability of a Tenants Use Provision in relation to the properties designated zoning.
  • Identify waivers and variances required to permit a non-conforming use.
  • Assist and liaison with BOS, PC, JLUB, ZHB, their professionals and special interest groups as necessary to efficiently move the project forward.
  • Develops positive working relationships within municipalities where the company has or will have land development or use applications forthcoming.
  • Responsible for inspections and corresponding paperwork.
  • Assists with coordination of construction activities, including design review, permits applications and submissions, and other functions to ensure continuity from planning through completion.
  • Assists in the preparation and processing of contracts, change orders, check requests and invoices, and bonds as necessary.
  • Approves all subcontractor invoices with regard to work completion and quality.
  • Monitors AHJ websites for developments related to our core business.
  • Be available for night meetings, as required.

Requirements:

  • Minimum 5-7 years in land development and entitlements including tenant specific use variances.
  • Extensive experience in land use and development.
  • Valid, unrestricted driver’s license and a good driving record required.
  • Ability to read, understand and evaluate civil engineering/development plans, traffic impact studies, environmental studies & land planning reports.
  • Must be able to review and summarize the various zoning codes where we have property. and determine if our application is by-right or requires variances and waivers. 
  • Excellent written, oral, organizational and math skills.
  • Must possess a professional attitude to represent the company in a positive manner.
  • Ability to perform, in a professional manner, multiple detail-oriented tasks with simultaneous deadlines.
  • Computer literacy with ability to work with Microsoft Office and Yardi.
  • Excellent project management skills.

Benefits:

  • Competitive pay, including annual incentive bonus.
  • Paid holidays and vacation.
  • Access to 401k, medical, vision, and dental insurance.
  • Collegial and casual work environment.
  • Direct real estate equity investment opportunities in Company projects.

Disclaimer:  This represents a broad overview of the Development Associate position and is not intended to be an all-inclusive job description, but a highlight of key functions and expectations.

Company DescriptionVelocity Venture Partners is a Philadelphia-based real estate private equity firm that specializes in the acquisition and management of opportunistic industrial and flex assets in the Greater Northeast region of the United States. Founded in 2017, Velocity brings an institutional approach to their investment strategy, focusing on middle-and upper-middle market B & C Industrial/Flex-product primarily located in the SEPA/SNJ markets. Both Founders were born and raised in Velocity’s core markets – bringing a rare local point of view that is crucial to the firm’s strategy.

Velocity evaluates industrial and flex investment opportunities critical to e-commerce, fulfillment, manufacturing, and production processes throughout the Greater Northeast. Velocity has built and maintained a vast network of debt and equity relationships, streamlining the internal funding process for each new acquisition. In addition, the firm’s size and nimble approach enables quicker actions and decision making compared to competitors – ranging from acquisitions to leasing to capex and cosmetic work on newly acquired assets.

As a fully integrated firm – with internal infrastructure ranging from construction to property management – Velocity delivers an unmatched approach to strategic industrial acquisitions and asset management. The firm currently owns and manages over 9 million square feet of industrial space in the Greater Northeast region.Company DescriptionVelocity Venture Partners is a Philadelphia-based real estate private equity firm that specializes in the acquisition and management of opportunistic industrial and flex assets in the Greater Northeast region of the United States. Founded in 2017, Velocity brings an institutional approach to their investment strategy, focusing on middle-and upper-middle market B & C Industrial/Flex-product primarily located in the SEPA/SNJ markets. Both Founders were born and raised in Velocity’s core markets – bringing a rare local point of view that is crucial to the firm’s strategy.\r
\r
Velocity evaluates industrial and flex investment opportunities critical to e-commerce, fulfillment, manufacturing, and production processes throughout the Greater Northeast. Velocity has built and maintained a vast network of debt and equity relationships, streamlining the internal funding process for each new acquisition. In addition, the firm’s size and nimble approach enables quicker actions and decision making compared to competitors – ranging from acquisitions to leasing to capex and cosmetic work on newly acquired assets.\r
\r
As a fully integrated firm – with internal infrastructure ranging from construction to property management – Velocity delivers an unmatched approach to strategic industrial acquisitions and asset management. The firm currently owns and manages over 9 million square feet of industrial space in the Greater Northeast region.

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