Development Associate

About Merrimac Ventures

Merrimac Ventures is a leading South Florida real estate development firm with over 30 years of experience and more than $3 billion in completed and active development. Our portfolio spans the full spectrum of residential real estate, with deep expertise in luxury condominium and multifamily development across Miami-Dade, Broward, and Palm Beach counties.

Position Summary

Merrimac Ventures is seeking a driven and detail-oriented Development Associate to join our growing team. This role offers a unique opportunity to work on high-profile multifamily and condominium projects across South Florida under the direct mentorship of the Senior Vice President of Development.

Key Responsibilities

Project Management & Execution

• Lead and manage select development projects from predevelopment through delivery

• Support the SVP of Development on large-scale multifamily and condo projects

• Prepare and maintain detailed project schedules, budgets, and milestone trackers

• Coordinate with architects, engineers, contractors, and consultants

Feasibility & Financial Analysis

• Conduct financial modeling and pro forma analysis for potential acquisitions

• Perform market research and competitive analysis to support investment decisions

• Assist in site selection, due diligence, and underwriting for new projects

• Analyze entitlement risk, construction costs, and return scenarios

Entitlements & Permitting

• Manage entitlement and permitting processes with municipalities and regulatory agencies

• Coordinate land use applications, rezoning requests, and variance submissions

• Track regulatory timelines and proactively resolve permitting risks

Design & Construction Coordination

• Participate in design review meetings and provide feedback

• Review construction documents and RFIs; manage design change processes

• Conduct regular site visits and provide status reporting to senior leadership

Stakeholder & Vendor Management

• Build and maintain relationships with brokers, lenders, equity partners, and local officials

• Support preparation of investor presentations and lender packages

• Assist in negotiation and execution of contracts with consultants and vendors

Qualifications

Required:

• Bachelor's degree in Real Estate, Finance, Urban Planning, Architecture, Civil Engineering, or related field

• 2–5 years of experience in real estate development, investment, or related field

• Demonstrated experience with financial modeling and pro forma analysis (Excel required)

• Familiarity with South Florida's real estate market, municipalities, and regulatory environment

• Strong organizational and communication skills

Preferred:

• Experience in multifamily and condominium development

• Master's degree in Real Estate Development (MRED), MBA, or equivalent

• Familiarity with construction management and contractor coordination

• Established relationships in the South Florida development community

• Proficiency with Procore, Microsoft Project, or similar tools

What We Offer

• Competitive base salary commensurate with experience

• Performance-based bonus program

• Comprehensive health, dental, and vision benefits

• Direct mentorship from senior leadership with a clear path for advancement

• Exposure to South Florida's most significant high-profile development projects

• Collaborative, entrepreneurial work culture

Merrimac Ventures is an equal opportunity employer.