Development Manager at Paramus

The Companys retail portfolio comprises roughly 100 assets enclosing more than 20 million square feet in 16 states and Puerto Rico. Properties included enclosed regional malls, power centers, neighborhood centers and single-tenant buildings. Mall tenants include department stores, theaters, in-line shops, restaurants, kiosks, carts, other revenue-generating activities and outparcels. Power and neighborhood centers include big boxes, junior boxes, other shops, grocers, gas stations, outparcels and other revenue-generating activities. The Company has multiple development and redevelopment projects underway at all times. It also acquires and sells properties.

Primary Duties and Responsibilities:

The successful candidate will manage all phases of development and construction of retail properties throughout the US and Puerto Rico and must be able to:

• Build and manage multiple teams of outside designers, builders, attorneys and other experts
• Develop and manage relationships with government agencies at all levels
• Create and negotiate Landlord work letters
• Create and maintain development pro forma schedules including operating projections, complete development and budgets and returns
• Create and maintain construction budgets and schedules
• Bid, negotiate, and execute design and construction contracts
• Manage in-house design teams to create development scenarios meeting financial goals
• Provide testimony at public hearings.
• Negotiate developers agreements, utility easements, brownfield reimbursement agreements, PILOTs and similar arrangements
• Work closely with leasing, property management, and accounting teams
• Interact with tenants and tenant consultants
• Underwrite potential acquisitions
• Read and understand documents related to the planning, entitlement and construction of new developments and redevelopments
• Read and understand existing leases and other agreements as they may affect proposed developments or redevelopments
• Interact with utility companies
• Negotiate with union business agents

Job Qualifications:

• Rapidly absorb and understand new information
• Analyze and organize information, discern key elements and identify relationships between them
• Use logic and common sense in decision-making, moving quickly or deliberately as appropriate
• Quickly grasp abstract, conceptual matters
• Show imagination in developing new, creative approaches to problems or in modifying existing approaches
• Create sensible, realistic and practical solutions
• Be intellectually honest, play fair and do the right thing
• Overcome obstacles with available resources and do it now
• Efficiently and productively plan, organize, budget, schedule and execute assigned tasks; manage multiple assignment and priorities; always have contingency plans; adapt quickly to changing circumstances and priorities
• Perform under heavy time and workload pressure
• Be personable, likable, a listener and a team player
• Communicate effectively orally and in writing one-on-one, in small groups and in public; be comfortable with everyone from the field property manager to the CEO; when necessary, be assertive without being abrasive

Education/Experience:

• Bachelors degree, in architecture, engineering, or construction
• Professional license a plus
• Five to eight (5-8) years experience in real estate development with a strong emphasis on designing and building retail projects
• Thorough knowledge of the land use entitlement, development, and construction processes
• Knowledge of design and construction technology related to site work, structure, MEP, and roofing sufficient to recognize potential issues with design and/or construction in progress
• Familiar with workplace safety and able to recognize and address issues before they become problems

To apply for this position please e-mail your resume to D&C@vno.com

Vornado Realty Trust is an Equal Opportunity & Affirmative Action Employer. MFHV

Country: USA, State: New Jersey, City: Paramus, Company: Vornado Realty Trust.