Director of Development

Job Overview

The Development Director is a pivotal role responsible for overseeing and delivering a diverse range of projects across multiple asset types including mixed-use, office, retail, hotel, and residential developments. This individual is expected to manage the entire development process from initial concept through completion, emphasizing quality, budget, and schedule.

Key Responsibilities

• Lead and manage all aspects of development projects, across multiple asset types, including office, retail, hotel, and residential developments, ensuring adherence to quality, budget, and schedule.
• Select, manage, and coordinate with design and consultant teams in evaluating and pursuing development opportunities.
• Conduct comprehensive feasibility analysis and due diligence for potential projects.
• Obtain, evaluate, and apply market research to inform project design and pro forma.
• Prepare, manage, and oversee project budgets, schedules and pro formas in collaboration with construction team and finance group.
• Secure entitlements and approvals, manage and track compliance with relevant regulations and proffers.
• Guide the project design process from initial feasibility/concept through to grand opening, ensuring alignment with target metrics and identifying value creation opportunities.
• Coordinate development efforts with various internal teams, including Construction, Marketing, Leasing, Operations, and Asset Management.
• Prepare and present periodic reports for stakeholders such as owners, lenders, and capital partners.
• Ensure internal approvals for project milestones and changes, integrating them into project plans, budget/pro forma and construction documents.
• Negotiate and review tenant LOIs, leases, and work letters; address concerns related to landlord work and tenant improvement plans, finishes, and signage.
• Work with Tenant Coordination to facilitate the timely delivery of tenant spaces and ensure tenants' opening schedules are met.
• Regularly forecast project costs, schedules, and identify potential opportunities and exposures.
• Process invoices, back charges, and contract documents in line with company policies.
• Develop and propose partnerships with public and private entities.
• Assist in other development-related administrative tasks including project notes, meeting minutes, status reports, and file maintenance.
• Work with Construction to facilitate bids and permitting.

Qualifications

• Bachelor’s degree in real estate, business, or related field required; MBA, JD, or CPA preferred.
• Minimum of 5-10 years of real estate development experience, with proficiency in mixed-use, commercial, multi-family, hotel, and retail development.
• Extensive experience managing the full cycle of building development processes.
• Exceptional skills in financial analysis and modeling, particularly in complex mixed-use developments.
• Proficient in Microsoft Office Suite, including Excel, Word, Project, and Outlook.
• Strong oral and written communication, active listening, and organizational skills.
• Demonstrated ability to think quickly, proactively, and handle multiple projects in a fast-paced environment.
• High level of integrity, accountability, and a commitment to excellence.
• Customer-focused, results-oriented, with a continuous learning and development mindset.

MGMT Qualifications

• Outstanding mentoring, coaching, people and time management, and leadership skills
• Must be able to hire, direct and supervise a strong team while cultivating a professional, friendly, and supportive atmosphere
• Must be able to motivate his/her team through personal character, consistency, vision, compassion, and recognition
• Must be able to clearly and effectively communicate expectations to the team and make sure there is understanding by all
• Must be able to hold team members accountable to achieve/promote Comstock's corporate goals, core values and departmental responsibilities detailed on the org chart and in the Employee Handbook
• Exceptional oral and written communication, active listening, and organizational skills
• Ability to demonstrate flexibility in dealing with complex problems or organizational change
• Ability to define and resolve complex issues by evaluating options and implementing practical concrete business minded solutions
• Ability to effectively present information and respond to questions from senior and executive level management

Strong budgeting & financial skills

Benefits

Compensation:
- Competitive Salary with Bonus Potential
- Generous Benefit Package: Medical, Dental, Vision, 401K Match, Life Insurance

Career Development
- Opportunities for Advancement within our expanding portfolio
- Annual Professional Development Funds to fuel your growth

Employee Perks (to name a few):
- Housing Discount
- Commuter Benefits
- Free Parking and EV charging
- Parental Leave Program
- Enjoy a Friendly Work Environment that values collaboration