Vice President of Development

Company Description

MURAL is a privately owned, full-service real estate company that aims to spur economic development primarily through the conception, development, and management of mixed-use assets in urban and suburban neighborhoods. Our mixed-use projects are comprised primarily of mixed-income multi-family residential buildings with ground-floor retail.

Our company builds value alongside communities– not just within them. We work to identify long-term solutions for underserved areas while providing equity, creating economic empowerment, and forging lasting relationships.

Position Description

The Vice President of Development will oversee all aspects of project development, including acquisitions, design, entitlement, construction, and lease-up. This individual will lead the development team and work closely with stakeholders to ensure projects align with MURAL’s mission and financial goals. The VP of Development must have a deep understanding of the development process, a background in multi-family and/or retail, strong leadership skills, and a passion for community-focused real estate.

Key Responsibilities

• Manage multiple retail, residential and mixed-use development projects, including new construction, façade renovations, preservation, affordable housing, and market-rate developments.
• Oversee project teams while maintaining both a big-picture perspective and attention to detail.
• Perform and maintain financial analyses, project underwriting, and feasibility studies to ensure financial viability.
• Secure and requisition project capital, facilitating equity and both construction and permanent financings.
• Create development budgets, track expenses, and ensure adherence to financial projections.
• Select and coordinate project architects, engineers, general contractors, project managers and other consultants in collaboration with colleagues.
• Manage project closings, ensuring all legal and financial requirements are met in partnership with outside counsel.
• Review and negotiate legal documentation, working closely with legal advisors.
• Manage zoning and tax-related matters, including applications for abatements and exemptions.
• Contribute to design and construction decisions, researching cost-effective solutions and innovative approaches.
• Coordinate community outreach and publicity to align projects with local needs and priorities.
• Oversee marketing initiatives, including the development of sales/rental websites, ad placements, and collaboration with marketing consultants.
• Maintain development schedules, ensuring timely project milestones and deliverables, while coordinating efforts across the project team.

Skills and Background

• 7-10 years of experience in real estate development, with a focus on mixed-use or multi-family projects.
• Strong understanding of the full development lifecycle, including entitlements, construction, and lease-up.
• Excellent financial acumen, with the ability to analyze proformas, conduct feasibility studies, and manage budgets.
• Proven track record of successfully delivering large-scale development projects on time and within budget.
• Strong leadership skills with experience managing teams and collaborating across functions.
• Outstanding organizational, problem-solving, and decision-making abilities.
• Exceptional communication and interpersonal skills, with the ability to build and maintain relationships with diverse stakeholders.
• Proficiency in development-related software, including Argus, Excel, and project management tools.
• Having experience with LIHTC and knowledge of New York City neighborhoods and finance programs is a plus, including familiarity with City agencies such as HPD, HDC, EDC, DCP, and DEP.
• Passion for urban development and commitment to MURAL’s mission of creating value alongside communities.