Senior Development Associate
About The Position
The Senior Development Associate reports directly to the Managing Director, Cleveland and takes an active role in managing Bedrock real estate development and special projects from initial conception through opening. Building on foundational development and underwriting experience, the Senior Development Associate functions as an owner's representative, exercising independence in day-to-day project execution while operating within the strategic direction set by the Managing Director. The role partners closely with Bedrock's construction, finance, architecture, legal, marketing, and other internal teams, as well as outside consultants, to plan, program, design, and deliver development projects that will reshape Downtown Cleveland. The role also is anticipated to require a high degree of analytical and financial modeling expertise to lead the Cleveland Development team in iterating quickly on numerous development and investment scenarios across its portfolio.
Requirements
- Bachelor's degree in Real Estate, Business Administration, Urban Planning, Economics, Construction Management, Architecture, Finance, or related field; equivalent experience considered.
- 3–5 years of experience in real estate development, development consulting, acquisitions, project management, or a related field.
- Experience with financial modeling, underwriting, feasibility analysis, and project budgeting.
- Strong written, presentation, and verbal communication skills.
- Advanced proficiency in Microsoft Excel and PowerPoint.
Nice To Haves
- Advanced degree in a related field preferred.
- Experience supporting mixed-use, residential, office, hospitality, or urban development projects preferred.
- Experience working with multiple stakeholders and consultants throughout the development lifecycle preferred.
Responsibilities
- Supports and independently manages components of multiple development projects, including ground-up and adaptive reuse residential, office, mixed-use, parking, and public space developments.
- Contributes to project planning and strategic recommendations related to program, phasing, schedule, and investment levels to support project objectives and market viability.
- Coordinates with cross-functional Bedrock teams on project schedule, budget, design, construction, marketing, branding, leasing, and operational considerations.
- Reviews and provides feedback on architectural, engineering, financial, marketing, and consultant deliverables.
- Conducts financial underwriting, feasibility analyses, development modeling, and investment scenario evaluations for assigned projects.
- Analyzes development opportunities from financial, strategic, operational, and risk-management perspectives and develops recommendations for leadership review.
- Researches and evaluates solutions to development-related challenges, including land use, transportation, utilities, infrastructure, entitlement, and public policy considerations.
- Monitors project budgets, pro formas, schedules, and consultant engagements; identifies variances and recommends corrective actions as needed.
- Develops and maintains relationships with contractors, consultants, public agencies, legal counsel, and other external stakeholders throughout the project lifecycle.
- Prepares presentations, reports, analyses, investment materials, and project updates to support business decisions and leadership discussions.
- Tracks industry trends, emerging development practices, and market activity and identifies opportunities to apply relevant insights to active projects.
- Provides regular updates on project progress, milestones, risks, and key decisions to Development leadership.
- All other duties as assigned
Benefits
- medical, dental, and vision benefits
- 401K retirement plan
- paid-time off
- annual bonus
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What This Job Offers
Job Type
Full-time
Career Level
Senior
