Commercial Real Estate Development Director

Job Summary

The Development Director leads the development team from entitlements through occupancy.

Essential Functions and Responsibilities

• Evaluate new opportunities by generating and refining initial development budget and schedule.
• Qualify, evaluate, and select the optimal development team for each project.
  • Negotiate contracts with the development team that appropriately allocate risk and reward.
  • Understand the legal, financial, and risk management aspects of contracts.
  • Administration of AIA contracts for design and construction, including GMP contracts.
• Analysis and negotiation of zoning and other land use entitlements, and other public approvals.
• Design and Construction
  • Direct the design and construction teams to ensure that results are consistent with development goals, budget, and schedule.
  • Integrate cost and schedule controls into the design and construction processes.
  • Change Management
    • Review addenda and bulletins, RFIs, and submittals to proactively identify changes that impact budget and schedule.
    • Analyze changes to minimize or eliminate impact to budget and schedule.
    • Allocate financial responsibility for changes.
  • Financial
    • Thorough understanding of construction and development accounting practices.
    • Experience analyzing applications for payment and vendor invoices against contract value to determine that billing is consistent with schedule and work completed.
    • Understanding of insurance concepts relevant to construction and development.
  • Technical
    • Knowledge of building systems and processes.
    • Negotiation of lease provisions, especially basis of design and work letter.

Qualifications

• Bachelor’s Degree in a design or construction field.
• 5 to 7 years of experience in design, construction, and development.
• Expertise in Excel, Project, and other MS Office software.
• Strong work ethic coupled with expertise across the full range of real estate development activities and the ability to manage multiple tasks in parallel.
• Adheres to the firm’s values and culture of commitment, collaboration, excellence, honesty, integrity, respect of others and trust.
• Passing a drug screen and background check

Keystone is an Equal Opportunity Employer