Development Director

Gables Residential Trust-posted 3 months ago

$160,000 - $190,000/Yr

Full-time

Denver Corporate - Denver, CO

1,001-5,000 employees

Real Estate

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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.

Oversee financial and accounting functions for the project, including oversight of all project budgets, reviewing and signing periodic bank/equity draws, reviewing and approving all invoices for projects, and coordinating with corporate-level finance and accounting areas on the generation of periodic financial statements and bank packages.
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 activities on land or existing property purchases, and design, engineering and inspection consultants and other outside parties.
Coordinate design, including architecture and related disciplines, land planning, landscape architecture and civil engineering.
Coordinate all approvals and permitting for projects, working with the Civil Engineer and Legal Counsel.
Liaise with City officials, zoning boards and community stakeholders to secure necessary approvals and maintain positive relationships.
Work with Residential Services to develop a marketing program and oversee implementation through stabilization.
Report to senior management with regard to project status from concept through stabilization.
Make ongoing pricing recommendations to the Company based upon detailed comp analysis.
Ensure all projects comply with local, state, and federal regulations.
Identify and mitigate development risks throughout the project lifecycle.

Four-year college degree is required (Architecture, Civil Engineering or Business).
Masters in Business Administration is preferred with a concentration in Finance or Real Estate.
A minimum of 6-9 years of previous work experience in multifamily development required with 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.

Compensation: $160,000-$190,000 plus bonuses.
Health and retirement benefits available.

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