Intern, Development (Summer)

Bluevale Capital•Shelton, CT

2d•Onsite

About The Position

Bluevale Capital is a boutique, real-estate private-equity firm that specializes in value-add, development and special-situation multi-residential projects. Over the past two years, the firm has completed over $200 M of transactions with the intention of creating a $1B+ real-estate fund over the next 2-3 years. By working with government leaders, and by partnering with our sponsors and lenders, the company’s vision is to create 10,000+ residential units with a focus on tackling the affordable-housing crisis in North America. We are seeking a highly driven Summer Development Intern to serve as a junior Owner’s Representative embedded on active adaptive reuse construction projects across Connecticut. This is not a shadowing role. Adaptive reuse projects present real-time problem solving: uncovering unforeseen field conditions, coordinating structural modifications, resolving design conflicts within existing buildings, and managing budget impacts tied to existing-condition surprises. The intern will take ownership of defined workstreams and operate as an extension of the development team in the field, protecting the owner’s interests in scope, quality, schedule, and cost. This role provides exposure to challenges that do not exist in ground-up development, including: Working within existing structural systems Managing demolition and selective removal Coordinating new MEP systems within constrained footprints Addressing unforeseen conditions and cost impacts in real time This role is best suited for someone who: Wants to build a career in adaptive reuse and repositioning projects Is energized by solving real-world construction challenges Thrives in high-accountability, small-team environments Is comfortable in steel-toed boots one day and reviewing change orders the next

Requirements

Rising senior or graduate student in Construction Management, Real Estate Development, Civil Engineering, Architecture, or related field
Prior field experience strongly preferred, especially on renovation or repositioning projects
Ability to read and interpret construction drawings
Strong Excel skills and comfort tracking budgets
Highly organized and detail-oriented
Comfortable operating in active construction environments
Willingness to spend substantial time on job sites across Connecticut

Responsibilities

Be present on-site multiple days per week as the owner’s field representative
Conduct structured site walks focused on existing-condition discoveries and quality control
Document unforeseen field conditions and track associated cost/schedule impacts
Maintain and circulate weekly progress reports for senior leadership
Monitor compliance with historic preservation and municipal requirements (as applicable)
Review contractor pay applications against verified progress
Analyze and validate change orders related to unforeseen conditions
Track contingency usage, particularly as it relates to structural, MEP, and envelope modifications
Support value engineering initiatives while preserving project integrity
Review RFIs, submittals, and shop drawings with an adaptive reuse lens
Help resolve drawing conflicts that arise from existing structural or MEP conditions
Coordinate with architects and engineers on revisions driven by field discoveries
Support permitting and municipal inspections specific to renovation and repositioning
Maintain working knowledge of the master schedule, with focus on sequencing within existing structures
Identify trade stacking and access constraints typical in renovation projects
Participate actively in meetings representing ownership
Assist in preparation of monthly construction draw packages
Support lender inspections and documentation
Update development budgets and cash flow models to reflect real-time field developments
Manage punch list tracking in partially occupied or phased buildings (if applicable)
Track warranties and closeout documentation specific to retrofit systems
Support delivery readiness for repositioned assets