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 Companys esteemed annual list of the Worlds Most Innovative Companies for 2024. Discover endless opportunities to grow and make your mark at Hines.

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 a 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 projects 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 Owners 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.

Minimum Requirements include:

• Bachelors 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.

At Hines, we strive for excellence as a leading global real estate investment manager, driven by our by our belief that real estate is fundamentally about people. Our diverse portfolio spans $93.2 billion of assets across such property types as living, office, retail, mixed-use, logistics and life science projects all designed to enhance value, connection and inspiration. Our strategic approach integrates local expertise with global knowledge, taking calculated risks aligned with our convictions to exceed expectations and tailor solutions to our clients' needs.

While our projects are renowned for enhancing cities and pioneering sustainable practices, we recognize that the true driving force behind Hines' success is our 5,000 dedicated employees in 30 countries who draw on our 65-year history to build the world forward. This is why we prioritize investing in our people, offering comprehensive training, competitive compensation, robust benefits and generous vacation packages. By centering our focus on the growth and wellbeing of our team, we cultivate an inclusive environment where everyone, including our clients, can thrive.

Hines is proud to be named to Fast Companys prestigious annual list of the Worlds Most Innovative Companies for 2024.

Includes both the global Hines organization and RIA AUM as of December 31, 2023.

We are an equal opportunity employer and support workforce diversity.

No calls or emails from third parties at this time please.