What are the responsibilities and job description for the Site Development Associate position at Hanover?
Hanover Company stands among the most active private real estate companies in the United States, specializing in the development and construction of high quality multifamily residential and industrial properties nationwide. With over forty years' experience and an award-winning portfolio of residential high-rise, mid-rise, mixed use and suburban projects, Hanover is focused on strategic growth in major markets across the United States. Target industrial markets include California, Delaware, Georgia, Maryland, New Jersey, North Carolina, Pennsylvania, Texas, and Virginia.
As of January 2025, Hanover has 12 projects in its industrial development pipeline totaling 6.5 million square feet, with a total project capitalization of $946.1 million. Of those 12 projects, Hanover is under construction on 2 projects totaling 869K square feet, with a total project capitalization of $132.6 million. Hanover is currently pursuing an additional 17 industrial projects totaling 10.5 million SF, with a total project capitalization of $1.4 billion.
The Site Development Associate, located in Hanover's Bethesda, MD office, will report to the Regional Development Partner and be part of the team responsible for assessing the viability of new development sites, due diligence on land acquisitions and land use approvals & entitlements. Additional areas of responsibilities will include, but not be limited to, the following :
- Site Feasibility / Layout : Review jurisdictional zoning and code requirements and guidelines. Work with consultants to develop site plans that fall within guidelines and that balance functionality with maximum site coverage.
- Environmental : Collaborate with the development team and external consultants to : 1) review public data and environmental studies to characterize environmental risk of potential land acquisitions; 2) develop strategies to assume environmental obligations if warranted; 3) underwrite cost of solutions and bracket the cost of risk; 4) balance creative solutions with risk; and 5) negotiate work plans and prescriptive or protective agreements.
- Securing Deals : Participate in buyer interviews providing important perspective on Hanover's understanding of the site challenges and ways to tackle them.
- Relationships : Develop and maintain strong external relationships that are beneficial for cooperation and problem-solving during design and entitlement. These include municipal and agency staff, consultants, and attorneys.
- Land Acquisition :
Manage the due diligence process, coordinating both internal and external resources.
Consultant negotiations and contracting - level and type of studies, concessions and conditions.
Requirements :
Relevant work experience as a civil engineer, an entitlement associate, a landscape architect or a planning associate.
Hanover Company offers competitive salaries, annual bonus potential, upward mobility, and a robust benefits program which includes 401(k) with company match, company-paid medical, dental, vision, life and disability insurance plans, and flexible spending accounts. The total annual compensation range for this position is $100,000 - $145,000, commensurate with experience and qualifications.
Salary : $100,000 - $145,000
