Project Manager, Real Estate Development
About The Position
The Project Manager supports real estate development at the Brooklyn Navy Yard Development Corporation (BNYDC), a not-for-profit corporation that develops and manages the Yard on behalf of the City of New York. The role supports adaptive reuse of historic Yard properties, advances ground-up development, and performs asset management-related functions. The position works across pre-development, project finance, public approvals, procurement, construction, leasing, and stakeholder coordination, and prepares updates and recommendations for senior management, the BNYDC Board of Directors, and other stakeholders. The role reports to the Vice President, Real Estate Development.
Requirements
- Bachelor's degree in business, economics, public policy, urban planning, or a similar field.
- 1–3 years of experience in real estate development, economic development, project management, or a similar field.
- Written and verbal communication and presentation skills.
- Basic financial modeling skills, including pro forma cash flow modeling, sensitivity analysis, and budgeting sources and uses.
- Familiarity with public-private funding sources.
- Proficiency in Microsoft Office and advanced proficiency in Excel.
Nice To Haves
- Graduate degree preferred.
- Experience in land use, real estate finance, construction, economic development, public-private funding, and/or leasing.
Responsibilities
- Identify and advance pre-development tasks, including site assessment, permitted-use analysis, cost estimation, market studies, feasibility analysis, and development of overall strategy.
- Create, maintain, and update project budgets, schedules, financial performance information, and critical-item tracking.
- Forecast and track project sources and uses, cash flow, and return-on-investment metrics in the context of complex funding sources.
- Understand and model proceeds, costs, design implications, compliance, and other aspects of public-private funding sources, including Historic Tax Credits.
- Support efforts to identify and obtain debt and equity funding sources.
- Identify, advance, coordinate, and report on critical City, State, and Federal agency approvals, including DOB, SBS, PDC, ESDC, and FEMA.
- Manage or support procurement, including preparing RFPs and RFEIs, developing strategies to maximize the number and quality of responses, and evaluating proposals in coordination with Legal and External Affairs teams.
- Work with the BNYDC Construction team to track contractor procurement, construction schedules, actual costs against budget, and issues affecting timely completion; collaborate on proposed solutions.
- Evaluate potential leasing deals based on economics, tenancy, and furtherance of BNY's mission.
- Provide updates and prepare presentations and recommendations for senior management, the BNYDC Board of Directors, and other stakeholders.
- Meet with tenants, consultants, contractors, and other external stakeholders to resolve leasing-, construction-, and development-related matters.
- Perform other job-related duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
