Description

Who We Are

Core Spaces (Core) is more than a real estate company, it’s a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.

What We Do

Founded in 2010, Core is a vertically integrated company, focused on acquiring, developing, managing, and lending across the student housing and build-to-rent (BTR) sectors. Its residential communities feature world-class amenities, progressive design, and hospitality-driven client service. In its award-winning student portfolio, Core currently owns and/or manages over 37,400 beds and has a pipeline of over 35,000 beds in various stages of development. Core's BTR division currently has approximately 4,000 homes under development and in its pipeline in high growth metros across the country.* For more information, visit www.corespaces.com.

*Portfolio and pipeline numbers as of Q1 2024

Benefits That Matter

• A culture that provides you a sense of belonging
• Competitive pay that values your contributions
• Annual incentive to reward your achievements
• Paid unlimited PTO to disconnect or celebrate life milestones
• Paid 16 holidays, including your birthday, to disconnect and celebrate
• Paid Parental Leave that begins after 90 days
• Paid volunteer time off to give back to your community
• Monthly workshop weeks; less meetings & more collaboration
• Robust health plan options that begin within at least 30 days of your employment
• Monthly phone reimbursement
• Wellness allowance and perks, including a yearly subscription to a meditation app
• An environment that provides you a voice to share your perspectives
• Employee Assistance Program (EAP) for access to confidential support services
• Company retirement options including 401(k) matching & Roth account option

Position Overview:

The Development Manager II (Value Add) is responsible for assisting the Sr Director of Construction with the day-to-day management of the Value Add construction team, as they manage assigned projects from diligence through to completion and turnover to asset management. This role will also be responsible for the management of individual projects as well as participation in all Value Add pipeline activities. The Development Manager II reports to the Senior Director of Construction and the Senior Managing Director of Construction and works with other members of the company to successfully complete Core’s Value Add projects on time, within budget, and adhering to the brand standards and objectives. The Development Manager II acts as the primary interface between the company and the project team post acquisition beginning with design oversight and continuing through permitting, establishing GC contracts, construction, FF&E installation, and culminating with project closeout and warranty period oversight. The Senior Development Manager for Value Add will also help manage and support other Value Add team members to help ensure they are successful in executing their projects.

What You Will Do:

Pre-Construction

• Track and manage project schedules ensuring timelines are met successfully
• Establish, direct, and/or document project meetings
• Overseeing the design and architecture
• Present design options/intents to the executive team for the differing stages of development
• Managing consultants
• Negotiation of consultant, vendor, and contractor agreements
• Manage the permitting process with all required governmental entities
• Reviewing/Approving invoices
• Weekly updates to leadership
• Developing & recommending contracting strategy
• Reviewing construction bids and providing recommendation
• Participate as needed in Due Diligence and pre acquisitions meetings
• Support other team members with pre construction efforts for their projects

Construction

• Identifying schedule and budget risks and develop strategy to mitigate
• Observing construction progress
• Identifying issues and recommending solutions
• Ensuring team is aware of budget, forecast, and timeline
• Updating project forecasts
• Reviewing change orders and present to senior management
• Reviewing invoices for conformance with contracts and preparing monthly draws
• Support Development Managers and Associate Development Managers with their projects

Post-Construction

• Follow-up on open punch list/warranty items
• Financially close out project
• Liaison for warranty and punch list work following project delivery
• Close-out of project with Contractor

• Support Development Managers and Associate Development Managers with the close out of their projects

Ideally, you'll have:

• 8-10 Years of Development/Construction Experience with specific experience in multi family/student/hospitality renovation and redevelopment work.
• Bachelor’s degree in engineering, construction management, or other relevant field
• A solid understanding of construction and construction processes

You'll crush it if you have experience with:

• Experience managing redevelopment work & project teams for projects that were executed at occupied properties and or assets without negatively impacting ongoing business at those properties.
• Completing a development cycle from entitlements to delivery
• Student Housing, Multi-Family, Hospitality, or Senior Living

• Experience with Northspyre, Procore, Plan Grid

Organizational Structure

Reports to: Senior Director, Construction

Direct Reports: Development Manager, Associate Development Manager

Disclaimer: Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.

As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.

Qualifications