Director of Development

A full-service real estate investment, development, and management firm with a diverse portfolio throughout the Mid-Atlantic region spanning residential, industrial, office, mixed-use, and land development projects is looking to hire a Director of Development.

Position Overview: The Director of Development will oversee all aspects of the development process. This role requires a dynamic leader capable of managing multiple projects across various asset classes and geographic locations. The Director will report directly to the Chief Operating Officer and play a pivotal role in succession planning within the organization.

Key Responsibilities:

• Project Management: Lead projects from inception to completion, including acquisitions, underwriting, due diligence, programming, zoning, entitlements, design, financing, construction, marketing/leasing, and stabilization.
• Budget and Schedule Oversight: Develop and maintain comprehensive budgets, schedules, and project scopes to ensure key milestones and deliverables are met throughout each project's lifecycle.
• Team Leadership: Manage and mentor a team of 3-4 development and project managers, fostering a collaborative and growth-oriented environment.
• Cross-Departmental Collaboration: Work closely with the legal and finance departments to ensure seamless project execution and compliance.
• Third-Party Coordination: Oversee and manage third-party general contractors, engineers, and consultants to ensure project objectives are achieved.
• Acquisition Support: Collaborate with the acquisitions team to identify and evaluate new opportunities across all asset classes.
• Stakeholder Engagement: Maintain strong relationships with community stakeholders, regulatory agencies, and other external partners to facilitate project approvals and successful outcomes.

Current/Upcoming Projects:

• Residential: Managing the development of 800 residential lots in Maryland, Northern Virginia, and North Carolina, currently in various stages of zoning.
• Multifamily: Overseeing 1,000 multifamily units ready for development, with designs completed and awaiting financing closure.
• Industrial: 1 million square feet in Northern Virginia and several hundred thousand square feet in PA

Qualifications:

• Minimum of 7 years of experience in real estate development, with a proven track record across multiple asset classes.
• Demonstrated experience in managing projects through all development phases, including zoning, entitlements, design, construction, and leasing.
• Strong leadership and team management skills, with the ability to mentor and develop junior staff.
• Excellent financial acumen, including experience with project budgeting, pro forma analysis, and financing.
• Exceptional communication and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders.

Work Environment:

• Work from home on Mondays and Fridays. Expected to be in the Baltimore office on Tuesdays, Wednesdays and Thursdays.
• Willingness to travel to project sites, primarily within the Mid-Atlantic region and the Carolinas.