Assistant Vice President, Development

New York City Economic Development Corporation•New York, NY

5h•Onsite

About The Position

The Assistant Vice President (AVP), Development leads strategic development opportunities that reposition and transform assets with the AM portfolio. Reporting to the Senior Vice President of Development & Energy, the AVP directs multiple concurrent real estate development projects from inception through stabilization. The AVP serves as a core member of the Development team, managing every phase of the development process, including master planning, feasibility assessment, financial analysis, design and construction oversight, marketing, and asset stabilization. The role requires extensive cross-departmental collaboration within AM, as well as coordination across EDC divisions.

Requirements

Bachelors degree in Urban Planning, Real Estate, Business Administration, Public Policy, or a related field.
At least 6 years of experience in urban planning, real estate development, city government, real estate asset management, or a related field
Familiarity with urban development, economic development, real estate transactions, ground leases, space leases and purchase and sale contracts
Proficiency in real estate financial modeling including modifying existing Microsoft Excel pro formas and building new models for ad hoc analysis
Demonstrated ability to communicate complex information clearly in writing and verbally, including PowerPoint presentations, executive memos, and emails.
Proven project management skills, including the ability to prioritize competing needs and opportunities, and manage multiple concurrent projects while maintaining attention to detail
Ability to work both independently and collaboratively, with strong initiative, adaptability and follow-through
Demonstrated experience with real estate development practices, preferably specific to NYC agency processes, and an interest in economic development and planning
New York City residence is required within 180 days of hire

Nice To Haves

Masters degree preferred in similar fields

Responsibilities

Build and maintain detailed development pro forma models, isolating key inputs, assumptions, drivers of investment returns, and economic impact.
Manage the procurement of architecture and engineering design and planning services for projects in pre-construction stage.
Coordinate across NYCEDC departments, including Strategy, Innovation Industries, Legal, Finance, Project Procurement Services, Contracts, and Government and Community Relations to ensure seamless execution of all assigned initiatives.
Lead multi-disciplinary project teams by setting direction, delegating work appropriately to junior staff, and offering targeted guidance to build team capacity and ensure quality outcomes.
Communicate preferred strategies and key decisions clearly to project stakeholders, ensuring alignment across internal and external teams.
Manage all project reporting obligations, including monthly status updates, weekly health scans, ad hoc analyses, and annual Capital and Expense budgets and prepare clear, concise briefings for senior leadership and City Hall that communicate project purpose, progress, challenges, and recommended next steps.
Manage recurring reporting obligations including monthly project status updates, annual Capital and Expense budgeting, weekly and ad hoc project health scans.
Prepare updates for senior leadership and City Hall that effectively communicate project purpose, progress, challenges, recommendations and next steps.
Engage with external stakeholders, including government agencies, community groups, and private sector investment and development partners to advance project goals and build alignment.