VP, Design & Construction - Hospitality

Waterton Residential • Chicago, IL

44d • $180,000 - $220,000 • Hybrid

About The Position

This position is responsible for leading and executing large capital rehabilitation projects from inception, and new development and to completion across feasibility, cost estimation and budgeting, zoning, design, planning, procurement, and construction phases for the hospitality product within Waterton guidelines. Continue to develop programs with industry's best practices that deliver cost effective result for investors to deliver high quality projects on time and within budget. The position must be based in the Central US and requires significant travel.

Requirements

• Minimum of 15 years of progressive experience in Real Estate Development and Construction project management of complex urban, mid, and high-rise building projects, with most of the time specifically spent on hospitality construction/renovation and/or residential (apartments/condos)
• Bachelor's degree in construction management, engineering, real estate, architecture, business, or other relevant field.
• Demonstrated proficiency in entitlements, architecture, design, scheduling, budgeting, cost control, project supervision, financial reporting, contract negotiations, interpersonal skills, computer skills, safety/insurance, ability to communicate, both written and oral.
• Must have the ability to travel up to 75% when business needs arise. Must have a valid driver's license and ability to rent a car.

Nice To Haves

• MP and/or LEED certification/experience a plus

Responsibilities

• Responsible managing the evaluation and completing the due diligence for sites and hotel development opportunities by providing recommendations on site feasibility studies, density, entitlement, environmental, title, utility and/or infrastructure agreement requirements all components required to deliver a successful development or large-scale capital rehabilitation project from conception through completion for multiple projects.
• Oversees the construction and development of sites projects with the construction team and manages the design and implementation of all components of the project site which may include civil and vertical construction project management.
• Lead, oversee, and manage all 3rd party vendors including but not limited to architects, engineers, design consultants, and general contractors hired for ground-up development, rehabilitation, and construction projects.
• Prepare financial & technical data required for the investment memorandums, providing insight on proposed projects, including detailed pro-forma construction budgets and feasibility studies.
• Manages duties with architect, engineer, landscape architects, interior designers, property managers, project managers, and development associates.
• Responsible for providing necessary updates on all aspects for projects to leadership to ensure alignment to financials, budgets and schedules.
• Manages the construction draw process, develops monthly project reports, and reviews for each construction phase.
• Manages relationships with project and construction teams (internal or 3rd party) to ensure construction projects are completed on time, designed according to plan, and within budgetary guidelines. This includes ensuring the team follows technical development cost and quality control procedures and that all required permits and approvals are obtained.
• Manage and navigate relationships with local project management firms, construction companies, and other key technical stakeholders, and appropriately manages ongoing communications related to the technical side of the proposed development projects.
• Manage the third-party inspections and bond releases for projects nearing completion.
• Lead and oversee specifications, contract negotiations, and construction coordination internally and with vendors.
• Conduct site visits to manage development and construction progress and schedules through punch and turnover, and post-delivery.
• Perform monthly review of all assets project status, budgets, and scheduling reports with experience in analyzing and modifying critical path schedules.
• As required - Manage and navigate Federal, State and local agencies for either ground-up development or asset improvement programs including but not limited to Legal, Environmental, Zoning, Engineering, Building Departments, Fire Departments, etc.

Benefits

• Competitive compensation and incentive program participation
• Full suite of benefits, including Medical, Dental, Life, Disability, and even pet insurance
• 401k + match
• Generous paid time off, volunteer time off, and paid holidays
• A commitment to life-long learning through learning plans that include internal and external trainings, as well as consideration for tuition reimbursement.
• Employee discounts and wellness initiatives, like an onsite gym.
• Hybrid work environment (based on business or position needs)

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Industry: Funds, Trusts, and Other Financial Vehicles
• Number of Employees: 5,001-10,000 employees