Director - Development - Fort Lauderdale, United States - Hines

Description

Overview

When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us a spot on Fast Company's esteemed annual list of the World's Most Innovative Companies for 2024. Discover endless opportunities to grow and make your mark at Hines.

Responsibilities

As a Director - Development with Hines, you are responsible for managing multiple real estate development and/or redevelopment projects in the South Florida Region. Your primary responsibility will be to serve as the project manager of the FAT Village mixed-use project in Fort Lauderdale, FL. The project includes two (2) multifamily towers, one (1) office building, one (1) central parking garage, 5.6-acres of site work and various open spaces. Ultimately, you will be responsible and accountable for the project's adherence to schedule and budget, delivery, marketing, and coordination of lease-up activities. From time-to-time, you will also assist senior management with various aspects of new business generation and investment. Responsibilities include, but are not limited to:

Project Management:

• Execute, fine tune, and manage the business plan to ensure adherence to schedule and budget, delivery, marketing, and coordination of lease-up activities.
• Coordinate with construction team throughout construction to verify a smooth project delivery and ensure that all assumptions are maintained.
• Facilitate correspondence between construction and design teams.
• Participate in investor relationship management and reporting.
• Conduct weekly coordination meetings between construction and the project team to keep the project on track and address any issues that arise.
• Update and track all proforma/budget changes throughout the project and maintain monthly updates to senior management through project completion.
• Refine the business plan including design changes, cost estimates, and permitting to minimize impact of change orders.
• Maintain, fine tune, and refine comprehensive critical path schedules for the project.
• Complete inspections and review legal documents and development agreements to maintain adherence to commitments made.
• Oversee project funding and disbursement requirements in conjunction with project accountants.
• Coordinate with the project team on any loan requirements throughout the process.
• Maintain, acquire, and organize all documents for final project close-out, including the completion of the project closeout summary; keep track of all permits, certificates of occupancy, as-builts, inspection confirmations, letters of credit, right-of-way dedications, and post bonds that are required to obtain certificates of occupancy.
• Coordinate achieved rents, concessions, and lease-up schedule throughout the lease-up process to verify accuracy of the pro forma.
• Coordinate with the office and retail leasing teams on premises delivery, leasing assumptions, and landlord space obligations; coordinate all landlord requirements to the project team.
• Coordinate with Property Management and Asset Management on project turnover.
• Acting as an Owner's representative, develop relationships and maintain communication and interface with all relevant parties including public agencies, community groups, and joint venture partners.
• Assist in the planning of Phase 2 which includes the development and delivery of one (1) additional multifamily or office building, with associated parking and ground floor retail.
• Position for sale when timing is appropriate.

Managing Others:

• Demonstrate effective management, leadership, coaching and development of staff to achieve company and project team goals and objectives.
• Ensure goals and objectives are established for all staff within designated timeframes.
• Ensure job responsibilities and expectations are clearly defined and communicated, work is assigned and distributed appropriately, staff is appropriately trained, and performance issues are addressed in a timely manner.
• Regularly provide formal and informal feedback to team members including discussions of strengths and areas for improvement.
• Complete well thought out and well documented performance reviews and annual salary recommendations within designated timeframes.
• Ensure the project team has the appropriate technical skills, tools, and facilities to competently perform their roles.

For New Business Pursuits:

• Assist Business Generation with various aspects of real estate development and investment of multiple real estate asset classes and product types.
• Underwrite potential development opportunities. Analyze and review the market, zoning and site information through direct investigation and third-party consultants.
• Source and pursue new development and investment opportunities.
• Research potential land sites and coordinate with acquisition team.
• Gain entitlements for development projects through governmental agencies, formulate strategies, and direct internal and external development teams as needed.
• Perform all predevelopment activities including feasibility, design, layout and entitlement, permitting and due diligence. With senior management and consultant team, determine and program the scope, quality, and design of projects.
• Work with senior management on the final development agreements and any easement agreements that need to be obtained.
• During pre-acquisition or pre-development, coordinate all underwriting aspects and build project proforma including market research, municipal fees, site constraints, development budget, development schedule, construction budget, construction schedule, operating budget, and financial assumptions.
• Manage multiple real estate development and/or redevelopment projects.
• Develop and maintain development financial models.
• Support project equity and debt activities.

Qualifications

Minimum Requirements include:

• Bachelor's degree in business administration, real estate, economics, or engineering from an accredited institution required, MBA in business, finance, or real estate strongly preferred.
• Five or more years related experience (construction management, architecture, engineering, and/or project management).
• Permanent residence in Fort Lauderdale or surrounding south Florida cities.
• Demonstrated understanding of all primary aspects of commercial, mixed-use, and multifamily real estate is required.
• Ability to create complex Excel models and perform detailed financial analysis.

Closing

Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 28 countries. We manage a $92.3B portfolio of high-performing assets across residential, logistics, retail, office and mixed-use strategies. Our local teams serve 634 properties totaling over 225 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit and follow [redacted] on social media. Includes both the global Hines organization as well as RIA AUM as of June 30, 2022.

We are an equal opportunity employer and support workforce diversity.

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