Development Associate - Chicago, IL, United States - Core Spaces

Description

Job Location :
IL Chicago Corp Office CCLLC - Chicago, IL

Position Type :
Full Time
Construction
Core Spaces (Core) is more than a real estate company, it's a people company. Where building relationships is just as important as building properties.

From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living.

Our six cultural values guide us every day and we strive to live them in everything we do:

PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better).

Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience.

Founded in 2010, Core is a vertically integrated company, focused on acquiring, developing, managing, and lending across the student housing and build-to-rent (BTR) sectors.

Its residential communities feature world-class amenities, progressive design, and hospitality-driven client service.

In its award-winning student portfolio, Core currently owns and/or manages over 37,400 beds and has a pipeline of over 35,000 beds in various stages of development.

Core's BTR division currently has approximately 4,000 homes under development and in its pipeline in high growth metros across the country.

• Portfolio and pipeline numbers as of Q1 2024

Hybrid and remote work options to promote work-life balance
Paid 16 holidays, including your birthday, to disconnect and celebrate
Paid volunteer time off to give back to your community
Monthly phone reimbursement
Wellness allowance and perks, including a yearly subscription to a meditation app
Employee Assistance Program (EAP) for access to confidential support services
Company retirement options including 401(k) + matching & Roth account option

The Associate, Development is responsible for working in lock step with the Development Managers on the day to day diligence of their assigned projects from acquisition/entitlement hand-off through completion and turn over to asset management.

The Development Associate reports to the assigned Development Manager or Senior Development Manager and works with other members of the company to successfully complete Core's developments on time, within budget, adhere to the brand objectives, are consistent with Core's historical standards, and are compliant with Core's specifications.

This will require management and organization of the project information and documentation to ensure the design, preconstruction, and construction of projects are completed within the requirements of Core standards and specifications.

Pre-Construction
Ensure all physical components of the project meet Core's standards and specifications
Track the permitting process against the Development Schedule
Document project meetings and manage accountability and completion of deliverables
Confirm contractual agreements for consultants, vendors and contractors are consistent between projects and hold all vendors accountable for the obligations of their contracts
Provide weekly updates to the projects group
Ensure all components of General Contractor's contractual agreement, specifically schedule, qualifications and inclusions, are consistent with Core standards

Construction
On-site project representation for Core and main point of contact for information workflow
Identifying schedule and budget risks based on previous contractor performance, market standards, and project historical data
Manage quality control of the construction progress through interaction with the Architect and General Contractor from subcontractor buyout through punch list completion
Track project construction schedule using productivity analysis and past project metrics to ensure critical path and milestones date are met and provide recommendation for acceleration if necessary
Creation and updating of project forecasting and tracking tools
Confirm compliance with entitlement, architectural, permit and contract documents
Work with Design department to develop FFE contracts, schedule, and oversee installation of all FFE
Review change orders for consistency with contracts and historical data
Assemble and review all project invoices for conformance with contracts and process monthly payments

Post-Construction
Develop project closeout plan and track all open punch list and warranty items
Implementation and tracking of warranty and punch list work following project delivery

Occasional travel may be necessary as needed
Bachelor's degree in Construction Management, Engineering, Finance, or other relevant field
~2-4 Years of Experience in Construction or Real Estate Development
~ A good understanding of construction and development processes
~ Student Housing, Multi-Family, Hospitality, or Senior Living
Organizational Structure

Reports to:
Development Manager I/II or Senior Development Manager

As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees.

We do not discriminate and believe every individual should be proud of who they are and the community they represent.