Development Manager

Abstract Developments
Victoria, BC

Abstract Developments is looking for a talented Development Manager to join our award-winning team!

Primary Objectives:

The Development Manager plays a leading role in all areas of the real estate development process including acquisitions, feasibility studies, financial analysis and forecasts, conceptual site planning and design, municipal permitting and approvals, and project management from acquisition through construction for his or her assigned development sites. Furthermore, the Development Manager facilitates strong relationships with municipal staff and elected officials as well as representatives of Community Associations and members of the general public.

ESSENTIAL RESPONSIBILITIES & DUTIES

Acquisition:

  • Work closely with the Asset Management team to source potential development sites through realtors, referrals, or direct contact with property owners
  • Conduct site due diligence, development feasibility studies and site modelling (site valuation, holding income potential, zoning bylaws, Official Community Plans, Local Area/Neighbourhood Plans, land use strategies)
  • Prepare and manage development pro-formas on an on-going basis and at various stages throughout the development process to ensure viability of development projects
  • Coordinate and manage internal team members as well as external consultants (i.e. lawyers, architects, surveyors, geotechnical, environmental, realtors, appraisers, etc.)
  • Review legal documents (i.e. Letters of Interest, Contracts of Purchase and Sale, lease agreements, etc.)

Development:

  • Draft and submit Requests for Proposals (RFPs) for all necessary consultants (i.e. architect, landscape architect, civil consultant, interior designer, etc.)
  • Facilitate all Rezoning, Subdivision, Development Variance Permit, and Development Permit Applications as it pertains to development projects
  • Maintain communication with all municipal authorities and public stakeholders (i.e. city planners, council members, neighbourhood/community associations, community organizations, residential and commercial neighbours)
  • Liaise with municipal authorities and community stakeholders to mitigate political and public liabilities
  • Prepare and/or review all correspondence to be sent to municipal authorities and public stakeholders
  • Act as primary contact for all city correspondence pertaining to development projects
  • Conduct project management duties such as budgeting (development pro forma), project timelines, site inspections, contract review and management, and project administration functions
  • Ensure all applications (Rezoning, DVP, DP, BP, etc.) are being processed and are proceeding according to schedule
  • Review/coordinate Disclosure Statements and subsequent amendments, Strata Plans, Strata Budgets, etc.
  • Manage all leads for potential commercial/retail tenants and resulting negotiations while coordinating all necessary documentation with property manager (i.e. Offers to Lease, Lease Agreements, etc.)
  • Facilitate and manage construction financing requirements (work with CFO)
  • Manage Disclosure Statement process for new developments
  • Manage the selection of a strata property manager as well as the setup of any building amenities committed to (i.e. building concierge, shared vehicles, common amenities, etc.)
  • Drive projects from acquisition through to completion while maintaining objectives

Additional:

  • Maintain knowledge of local market (residential and commercial) and overall economic environment
  • Maintain strong and constant communication with internal team members (i.e. construction, marketing, sales, finance/accounting, and property management)
  • Uphold the values of “Passion, Quality, Integrity” in all aspects of work.
  • Other duties as assigned

QUALIFICATIONS, SKILLS, AND ATTRIBUTES:

  • Minimum five years’ experience in real estate development or related industry experience
  • A post-secondary degree; preferably in Architecture or Urban Planning, Commerce, or Finance
    working knowledge and understanding of real estate development processes, from acquisition to delivery
  • Ability to meet multiple deadlines and work in a fast-paced environment
    working knowledge of relevant software applications, including Sketchup or other drawing software
    proficient with Office365 including Excel, Word, Outlook, Teams and Project
  • Excellent communication, organizational, and analytical skills with great attention to detail
    Self-starter with demonstrated ability to work effectively in a team as well as individually
  • Intrinsically motivated and driven with a passion for real estate development
    Creative and able to solve problems efficiently and effectively

If this opportunity sounds like a good fit for you, please click "APPLY NOW" to be redirected to Matchbox Consulting's website. This opportunity is open until a suitable candidate is found.

Abstract Developments offers an excellent Total Rewards package including competitive salary, extended health, dental, vision, and Rx coverage, employee wellness program, employee bonus program, complimentary snacks, and a dog-friendly office.

Abstract Developments is an Equal Opportunity employer and we value what makes you uniquely you. If you require any accommodation during the application process, please email info@abstractdevelopments.com. While we thank all interested candidates, only those considered for an interview may be contacted further.

 

“Working with Abstract I am able to have a direct and immediate impact on the community in which I work.”

—Adam C.