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VP, Development

2 weeks ago

Atlanta, Georgia, United States CIM Group Full time $150,000 - $200,000 per year

ABOUT CENTENNIAL YARDS & CIM GROUP:

Centennial Yards Company (CYC) was created by CIM Group to act as the owner and master developer of a 50-acre site in Atlanta, GA. This ambitious revitalization project is expected to transform underutilized property in the heart of Downtown Atlanta into a thriving community with leading businesses, retail establishments, a world-class entertainment district, and thousands of new apartments, designed to develop a diverse, collaborative, and pedestrian-friendly community.

CIM is a community-focused real estate and infrastructure owner, operator, lender, and developer. Our team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Our focus on enhancing communities is unwavering, and we strive to make an even greater impact in the years to come. Join us and make an impact today

POSITION PURPOSE:

The Development VP will be responsible for day-to-day project management duties of Centennial Yards' Entertainment District project or certain significant components of the District through the entire project lifecycle. Reporting to the Managing Director of Development and in conjunction with other key internal stakeholders, this position is responsible for establishing and executing the project implementation strategy within the framework of the approved business plan. Strategy implementation includes, but is not limited to, budget establishment and oversight, schedule creation and maintenance, coordination of investment proforma inputs and underwriting assumptions, entitlement and permitting efforts including interacting with government officials, technical civil and utility dealings, other design and pre-development efforts, coordination with key external stakeholders including tenants and end-users, as well as construction oversight working directly with the Construction Team. The Vice President will manage all phases of the development project from initial diligence through project completion and occupancy. Experience in direct oversight of active retail, entertainment and/or live event venue ground-up construction projects is strongly preferred. 

ESSENTIAL FUNCTIONS:

  • Manage all phases of development projects including creation of feasibility analyses, evaluation of multiple development schemes, revising proformas and supporting underwriting efforts with an acute understanding and ability to communicate corresponding development/construction risk, and managing the design and construction phases of assigned projects
  • Assess feasibility for potential site (both land and existing property) acquisitions including property condition, entitlement probability, financial and market analysis, initial product identification, environmental studies, engineering and land use studies, etc
  • Responsible for directing, managing and overseeing the planning and entitlement process, including representation before municipal and other regulatory boards, working with land use attorneys, land planners, architects, engineers and other consultants and local officials
  • Responsible for leading the project design process including recommending, bidding, administering and negotiating design and construction contracts, establishing scope, pricing, performance criteria, and adherence to budget and schedule
  • Responsible for preparing well-written reports and documentation packages for development/acquisition/disposition activities
  • Work directly with and support interdisciplinary teams across such internal departments as Portfolio Oversight, Investments, Property Management, Risk, Contracts and Development Accounting.
  • Coordinate and oversee construction activities of projects and coordinate supporting development functions to ensure timely completion of projects within established budgets, schedules and underwriting criteria.
  • Provide leadership, mentorship, professional guidance, direction and supervision to internal team members.

SUPERVISORY RESPONSIBILITIES:

  • Responsibility for managing, guiding and mentoring project team members

EDUCATION/EXPERIENCE REQUIREMENTS:

  • Bachelor's Degree in real estate, business and/or economics/finance, architecture or urban planning, construction or related major. MRED or MBA preferred
  • Minimum of 10 years work experience in real estate development including experience directly leading complex mixed-use design and construction projects. Experience in direct oversight of active retail, entertainment and/or live event venue ground-up construction projects is strongly preferred
  • Minimum of 5 years experience managing a team
  • Significant experience conceptualizing, site planning, programming and executing development of mixed-use, office, retail and multi-family projects

KNOWLEDGE, SKILLS and ABILITIES:

  • Demonstrated knowledge of the market dynamics, local customs, real estate values, and third-party relationships in the southeast region
  • Strong financial analyses skills, including demonstrated ability to analyze and influence complex financial models and structures with an understanding of corresponding risks
  • Possesses strong communication, presentation and listening abilities and aptitude for effectively navigating internal and external processes
  • Possesses effective interpersonal skills, social and emotional intelligence and political acumen to operate in a highly dynamic environment.
  • Has the ability to establish both project and personal priorities in an organized manner for successful day-to-day and long-term planning efforts
  • Demonstrated ability to be an office and departmental leader with the capability and desire to mentor and motivate a wide range of team members to achieve their full potential
  • Proficient in Microsoft Office, Microsoft Project, Excel and Word
  • Proficiency in use of CAD or similar design software

PERFORMANCE METRICS:

  • Delivery of Projects that meet financial underwriting criteria

WHAT CIM OFFERS:

At CIM, we believe our success stems from our collective efforts, and we are committed to providing well-rounded support and resources for our employees. In addition to a competitive compensation plan, CIM offers a comprehensive benefits program for employees to thrive both inside and outside of work. Eligible employees can enjoy a wide range of benefits, including:


•   A variety of Medical, dental, and vision benefit plans


•   Health Savings Account with a generous employer contribution


•   Company paid life and disability insurance


•   401(k) savings plan, with company match


•   Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave


•   Up to 16 hours of volunteer time off


•   Up to 16 weeks of Paid Parental Leave


•   Ongoing professional development programs


•   Wellness program, including monthly and quarterly prizes


•   And more

Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required.

HOW WE FEEL ABOUT DIVERSITY AND INCLUSION:

At CIM Group, we believe that the unique perspectives and backgrounds of our employees enhance everything we do. We are committed to fostering an inclusive environment where diversity is not only respected but celebrated. We strive to ensure that our workplace is free from discrimination and harassment, allowing everyone to contribute meaningfully and feel a sense of belonging. As an equal opportunity employer, we strictly prohibit any form of unlawful discrimination and adhere to the laws enforced by the EEOC. Our goal is to provide a safe and supportive environment where all employees can grow and make impactful contributions together.

*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group.
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