Development Director

Gables Residential-posted 3 months ago
$160,000 - $190,000/Yr
Full-time • Mid Level
Denver, CO
1,001-5,000 employees
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The Development Director will assist the Regional Vice President in identifying new ground up development sites, manage all phases of new development from site selection, site due diligence, market due diligence, financial feasibility, design, entitlements, and final delivery. The Development Director will collaborate with Gables construction management, operations and asset management team members to ensure projects are delivered on time, within budget and aligned with the strategic goals/business plan of the Company. This position may be based in either Denver or Seattle.

  • Conduct financial, feasibility and market analysis, including proficiency in Excel for financial pro-formas.
  • Oversee financial and accounting functions for the project, including project budgets and periodic financial statements.
  • Conduct market research and financial modeling to assess project viability.
  • Prepare investment committee packages and presentations for internal stakeholders and external partners.
  • Monitor project costs and cash flow; manage change orders and cost control measures.
  • Lead the development process for new apartment communities, including site acquisition, due diligence, entitlements, and permitting.
  • Develop and manage project budgets, schedules, and pro formas.
  • Coordinate with architects, engineers, consultants, and contractors throughout design and construction phases.
  • Oversee construction progress, ensuring quality standards and timelines are met.
  • Solicit proposals and negotiate contracts with third parties involved in due diligence and design.
  • Coordinate design processes and oversee approvals and permitting for projects.
  • Liaise with city officials, zoning boards, and community stakeholders to secure necessary approvals.
  • Work with Residential Services to develop a marketing program and oversee implementation.
  • Report to senior management regarding project status from concept through stabilization.
  • Make ongoing pricing recommendations based on detailed comp analysis.
  • Manage third-party vendors and consultants to ensure accountability and performance.
  • Ensure all projects comply with local, state, and federal regulations.
  • Identify and mitigate development risks throughout the project lifecycle.
  • Four-year college degree in Architecture, Civil Engineering or Business.
  • Masters in Business Administration preferred with a concentration in Finance or Real Estate.
  • A minimum of 6-9 years of previous work experience in multifamily development.
  • Direct project supervisory experience of at least three projects.
  • Proven track record of managing complex development projects from concept to completion.
  • Strong financial acumen and experience with development pro formas.
  • Excellent communication, negotiation, and organizational skills.
  • Familiarity with local zoning laws, entitlement processes, and building codes.
  • Proficiency in project management tools and software (e.g., MS Project, Procore, Bluebeam).
  • Experience with sustainable building design and LEED certified buildings.
  • Knowledge of local affordable housing programs/requirements.
  • Ability to manage multiple projects simultaneously in a fast-paced environment.
  • Health and retirement benefits available.
  • Education scholarships.
  • Award-winning training and wellness programs.
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