Vice President, Real Estate Development - Los Angeles, United States - sweetgreen

sweetgreen

Verified Company

Los Angeles, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

The Vice President of Real Estate Development is a key leadership role responsible for accelerating new restaurant growth at sweetgreen.

The role, based in our LA Sweetgreen Support Center, oversees all aspects of new restaurant pipeline development across the US, regional teams.

Each team, consisting of real estate, construction, design, and site development, is responsible for meeting or exceeding profitable growth targets and expanding sweetgreen's mission.

This leader will be responsible for developing and implementing strategic initiatives that enable growth at scale, reduce cycle time and complexity, and manage capital returns.

Summary of Key Responsibilities,
including but not limited to the following:

Develop a comprehensive Real Estate strategic plan with tactics that enable the team to build and execute a robust pipeline to meet the Company's overall profitable growth objectives.
Build comprehensive knowledge of sweetgreen's leasing requirements, including landlord work letters to create productive, mutually beneficial longterm relationships with landlords.
Accountable for meeting %26 exceeding the Company's financial performance targets and metrics for new stores (i.e. ROIC, Cost reduction) Manage the store development cycle to set and meet performance commitments (i.e. store opening dates, ontime and onbudget construction projects %26 costs, proforma %26 financial objectives).
Lead regional development teams to optimize performance for all aspects of the store development process:
Real Estate: tour markets, create proformas, prepare letters of intent, negotiate leases, renewals, expansions, relocations, and potential closures.
Construction: join Real Estate to evaluate prospective new stores' spaces for cost implications and fitness of equipment, mechanicals, electrical, value engineering ideas, project management, cost savings, mgmt. of timelines, solving unexpected cost issues, closeout of projects, ontime, onbudget performance.
Design: evaluate new stores' spaces for layout and 'flow' ideas, potential challenges, creation of test fits, meet design production deadlines, ensure consistency with Company design standards, and reduction in costs.
Collaborate crossfunctionally with operations + portfolio management to gain alignment on goals + objectives to optimize performance of the fleet.
Lead your teams and their personal development by mentoring each team member through effective coaching, feedback, and recognition.

About You:

Highly effective communication skills, comfortable communicating at all levels of the organization, and ability to influence internal and external stakeholders.
An ambassador who models the values and mission of the Company's culture every day.
Builds trust, develops continuously seeking opportunities to improve self and others to achieve their potential. Skilled at providing meaningful coaching, feedback, and recognition.
Leads courageously, takes personal responsibility to do the right thing, persists in times of challenge or uncertainty, adapts quickly to change, and makes timely well thought out decisions.
Achieves results and understands what drives overall business success.
Anticipates obstacles and takes action to prevent or minimize their impact.
Leads with integrity, honesty, and knowledge that promotes the culture, values, and mission of Sweetgreen. Establishes valued and trusted relationships with market and regional stakeholders.
Advocates for brand in validating new location decisions and execution suited to the Sweetgreen brand. Represents and aligns its objectives effectively with crossfunctional teams to optimize performance.
Creates and develops organizational structures and actively involves each team member in personal growth and capability building. Develops and delivers functional training.

Qualifications:

Highly motivated leader of professionals, who has a history of leading + inspiring large teams to achieve profitable growth results, while reinforcing the Company's mission, values, and culture.
Excels at building longterm relationships in the real estate industry, with landlords, developers, and other key stakeholders.
Successful track record of expanding highgrowth restaurant/retail concepts nationally, while meeting or exceeding company financial metrics.
Has developed and implemented highgrowth market planning strategies and reduced cycle time through process improvement, portfolio performance, and market analysis.
10+ years successfully leading store development teams (including real estate, design, construction and site development) who achieved outstanding results in retail/restaurant expansion nationally.
10+ years of experience with real estate industry's best practices and standards, including but not limited to: site selection, location analysis, deal making, lease negotiations, and data driven market planning.
In a leadership posi