Development Manager

Federal Realty Investment Trust•El Segundo, CA

1d•$170,000 - $210,000

About The Position

Federal Realty is a proven leader in the ownership, operation, and redevelopment of high-quality retail real estate in the country's best markets. We believe we are one of the most innovative and dynamic real estate companies you can work for. Interested candidates who research Federal Realty hear a lot about the high-quality shopping centers and well-respected real estate team at our core; it's the smaller intangible things that can make working at Federal so satisfying. While we're one of the largest publicly traded real estate investment trusts in the country, as measured by the value of our shopping centers, we're really a small company by most standards and we try to operate that way. Team members with initiative and ability can get involved in the many facets of our business over the years find the professional pursuits at Federal Realty rewarding. I encourage you to look us up on LinkedIn and follow Federal Realty Investment Trust. Federal Realty is seeking a dynamic individual with a proven track record as a Development Manager, primarily within the retail real estate market. The Development Manager's responsibilities include strategic investment management and project execution related to redevelopment and development activities for the company’s community shopping centers in our California portfolio. This position is based in either our San Jose or Los Angeles office. Day-to-day activities involve partnering with the Vice President of Development and other key stakeholders, such as leasing, property management, financial analysts, and asset managers, to plan, build, and deliver successful economic outcomes with a high level of quality design, creating exceptional environments for both consumers and tenants at Federal Realty's shopping centers.

Requirements

4-6 years of previous experience required with strong experience in retail development
Bachelor's degree (or higher) in related field
In-depth knowledge of engineering and architectural plans
Working knowledge of contract law, zoning law, real estate finance, and construction management
Strong financial analysis skills; excellent analytic skills
Strong management skills including the ability to motivate and guide a team
Motivated, self-starter with ability to work with minimal supervision
Ability to collaborate effectively within a team, communicating clearly and sharing information with colleagues across various departments
Effective communicator (written & oral) with well-rounded presentation skills
Willingness and ability to travel regularly, based on business needs

Responsibilities

Perform development feasibility analysis
Apply a strong understanding of zoning codes and regulations to successfully navigate the process of obtaining entitlements for development projects
Apply a thorough understanding of building codes to ensure compliance and successfully obtain building permits for development projects
Review anchor leases and CCR’s.
Complete evaluation of existing leases to determine if any restrictions, no-build areas, or other encumbrances exist that may impact viability of the project
Manage the design process and consultants to achieve project execution
Work with leasing agents to establish merchandising plans and to establish a lease-up schedule
Work with marketing to appropriately market the project to tenants and the general public
Create and manage the development pro-forma and schedule
Work with development accounting to create and maintain systems that provide accurate cost reporting and forecasting of cost and revenue
Bid projects and negotiating construction contracts
Work with general contractors through the design process to confirm budgets, schedules, and constructability
Review all tenant lease requirements regarding build-out, tenant Improvements, and delivery requirements and timelines
Perform ad hoc analysis and special projects as requested