Director, Development

Olympia Development of MI • Detroit, MI

1d

About The Position

The Director of Development is responsible for managing the development and execution of development. This position manages the underwriting, entitlements, incentives, capital structure, design and development of both ground-up and adaptive projects consistent with the company’s overall development and investment objectives. Key Responsibilities: Collaborate with senior leadership to shape and implement the overall development strategy for the District Detroit and other future opportunities. Provide strategic leadership across all development disciplines, including parking, highest-and-best-use analysis, development strategy, due diligence, entitlements, capital structure, design, and construction. Oversee the creation and management of development concepts, plans, and budgets to ensure all projects are delivered on schedule and within budget, directing the full development and construction lifecycle from approval through turnover to Operations. Manage the acquisition and execution of new ground-up developments as well as the upgrade and rehabilitation of existing sites. Utilize expertise and understanding of the development process to lead internal and external consultants throughout the pre-development, entitlement, financing, due diligence, and construction phases. Manage ongoing public financing opportunities, obligations and covenants and ensure alignment with the overall development strategy. Liaise with public and private community stakeholders; government officials and company leadership. Participate in the preparation and presentation to committee members to ensure understanding of the project, the potential value creation, potential risks, budget and design. Provide leadership in capital deployment and deal structuring, including debt, equity, joint ventures, and other strategic capital approaches.

Requirements

• Bachelor’s degree in real estate development, business administration, economics, finance or related field.
• 10 years minimum of commercial real estate development sector related experience
• Knowledge of the local Downtown Detroit real estate market
• Proven track record of developing projects through completion.
• Thorough overall understanding of real estate strategies, planning, development, construction, transactions and project management.
• Solid understanding of real estate finance.
• Demonstrated understanding of the acquisition and due diligence process, including entitlements, zoning, environmental issues and incentives.
• Highly persuasive and credible to earn trust of peers, public and private stakeholders and company ownership/leadership.
• Strong leadership, planning, management and organizational experience.
• Ability to manage multiple assignments simultaneously with minimal supervision.
• Strategic thinker with the ability to develop and implement processes and plans.
• Excellent verbal and written communication skills, including excellent presentation skills.

Responsibilities

• Collaborate with senior leadership to shape and implement the overall development strategy for the District Detroit and other future opportunities.
• Provide strategic leadership across all development disciplines, including parking, highest-and-best-use analysis, development strategy, due diligence, entitlements, capital structure, design, and construction.
• Oversee the creation and management of development concepts, plans, and budgets to ensure all projects are delivered on schedule and within budget, directing the full development and construction lifecycle from approval through turnover to Operations.
• Manage the acquisition and execution of new ground-up developments as well as the upgrade and rehabilitation of existing sites.
• Utilize expertise and understanding of the development process to lead internal and external consultants throughout the pre-development, entitlement, financing, due diligence, and construction phases.
• Manage ongoing public financing opportunities, obligations and covenants and ensure alignment with the overall development strategy.
• Liaise with public and private community stakeholders; government officials and company leadership.
• Participate in the preparation and presentation to committee members to ensure understanding of the project, the potential value creation, potential risks, budget and design.
• Provide leadership in capital deployment and deal structuring, including debt, equity, joint ventures, and other strategic capital approaches.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level