What are the responsibilities and job description for the Vice President, Development position at CenterCal Properties?
At CenterCal Properties , our mission is to create world class retail and mixed-use environments that uplift communities. We stand as a beacon of innovation, quality, and inclusivity. Located in Orange County, CA, we are currently seeking a Vice President, Development with a diverse skillset to join our team, someone who embodies our values of Creative Persistence, High Standards, Being Resourceful, Delivering Today, Integrity is Non-Negotiable, Advocate, Collaborate, Commit, and Building Great Teams Through Diversity, Equity & Inclusion.
In addition to a competitive compensation package (base salary discretionary bonus), CenterCal offers a comprehensive benefits package and company culture that’s collaborative and focused on the health and well-being of its strongest asset – all employees!
GENERAL PURPOSE : In concert with the SVP, Development, the Vice President, Development is responsible for overseeing and driving execution for the company’s development and redevelopment activities including planning, pricing and visioning for new development opportunities as well as helping source new opportunities.
The VP will oversee several company development projects leading, mentoring and managing a talented team of professionals. They will manage the time and resources of existing and new projects, so that they achieve the company’s objectives and are completed on time and on budget.
Development of mixed-use properties and “placemaking” generally is a complex skillset that involves deep involvement of a range of both internal and external professionals and community stakeholders, government officials, programming the tenant mix, amenities, the mix of residential with the retail and other uses, careful cost / benefit analysis and a fair amount of magic. The incumbent will be responsible for the execution and careful growth of this side of the company’s business.
KEY RESPONSIBILITIES / DUTIES : Reasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job. Responsibilities include but are not limited to :
- Work with the SVP Development, CEO and other leadership within the company on transaction approval and provide reporting and communication on the status of the pipeline and individual developments.
- Manage both the big picture of development projects as well as maintain control, oversight, financial performance and risk management so that they are completed on time and on budget and in accordance with the firm’s business plan for that asset.
o Advance the company’s application of green building practices.
o Oversee design, financing, document negotiation, financial analysis and transition into operations, supervise to insure timeliness and quality.
o Oversee day-to-day project management services from project planning and financial structuring through construction completion and closeout.
o Create and implement systems to track projects, provide checklists and standardize practices for all developments.
o Will directly serve as Development Executive on one or more development projects.
o Inspire and lead the team, encouraging their best ideas and efforts; provide decisive leadership while emphasizing a collaborative relationship throughout the organization.
QUALIFICATIONS :
Education : The successful candidate should have a strong academic background with a Bachelor’s degree in business, management, architecture, or related field. An MBA or Master’s degree in real estate development, architecture, or engineering is preferred, but not required.
Ideally, incumbent will bring experience with both retail and multifamily development since most of the projects and opportunities will include both a residential and retail component. We will consider candidates with just retail, just multifamily, or related real estate uses like hospitality, who is interested in developing mixed-use properties that requires a deep dive into the trends and dynamics in both product types and best practices in mixing uses.
Experience : A minimum of 12 years of experience in real estate development, preferably to include retail and residential and / or mixed-use.
Specifically, candidates for this position should possess the following career experience / skills :
Personal Skills and Attributes :
About CenterCal Properties
CenterCal Properties is a creative mixed-use development and investment platform and is one of the most active retail investors in the United States. The company has a multibillion portfolio of Class A projects in high-growth MSAs where we maintain prominent positions in the market to successfully execute new top tier real estate projects. As CenterCal continues to evolve with the ever-changing real estate business, the company intends to maintain its lead as a driver of change with an unrelenting passion to deliver the highest quality assets and value through our projects.