Head of Estates Development

Terra, the award winning, Miami-based real estate development company carefully chooses projects that have a positive impact on their surroundings and, by extension, on the people who live there. When planning a new development, Terra takes a dynamic role with the city and neighborhood to activate its potential as a community, maximizing the way in which people are able to live and work; creating new and innovative ways for the urban & suburban landscape to evolve. The firm has cultivated a portfolio of more than five million square feet of residential and commercial real estate valued in excess of $8 billion and is active across all major real estate asset classes, including multifamily apartments, luxury condominium and single-family residences, retail and office space, hotels, and industrial properties. Terra has achieved international acclaim for its commitment to design excellence, resiliency measures, and sustainable development and has been continuously transforming South Florida into the prosperous metropolis we know today.

We are looking for a Development Manager to join the team!

Development Manager, managing phases of multiple development projects and supporting the execution of the company’s development project pipeline from inception to completion

Coordinate with multiple internal and external groups to ensure the design and delivery of successful, profitable projects

Create, maintain and be responsible for development schedule for all deliverables required to execute the project, including acquisition, design, permits and approvals, construction, sales/leasing and marketing activities

Must coordinate internally with the team - Operations, Marketing, Construction, Finance, IT, Accounting

Manage project proformas - budgets, schedule, timing, market assumptions, underwriting and financing assumptions

Create pre-development cash flows in collaboration with the finance team and construction team

Interface with internal stakeholders to define project requirements and constraints and obtain input on design and budgets

Update monthly project reports, business plans and any other periodic reports for distribution to internal team and investors

Coordinate and participate in community outreach efforts required for each project

Run and oversee minutes for all consultant project meetings, including but not limited to architect/owner/contractor meetings prior to construction start; Responsible for negotiating and executing consultant contracts in coordination with legal counsel; Coordinate branding and marketing efforts with internal marketing team and third parties

Responsible for coordinating and securing all permits required to commence construction of proposed improvements (including but not limited to zoning approvals, DERM, water and sewer, building permits, demo permits, etc.)

Responsible for project cost management to ensure all stay within budget

Responsible for securing construction cost estimates to prove out budgeted construction costs at periodic stages throughout the project; Coordinate consultants and internal team members to develop and collect applicable documents in conjunction with obtaining entitlements and required building permits

Assist in collecting and assembling information required for underwriting proposed deals involving existing assets and potential acquisitions. Work with acquisition team to create financial models to underwrite project costs, revenues, and returns

Responsible for the preparation of budgets, schedules, and execution strategy for projects including entitlements, design development, and building permit approvals

Identify project risks, develop risk mitigation and contingency plans, and implement action plans to reduce or eliminate project risks

Assist in the selection and management of the design team and preparation of drawings for initial budgeting and scope definition, development of site and building design detailed drawings, etc.

Track progress of each project against goals, objectives, approved budgets, approved timelines. along with coordinating all such requirements with documentation of leases, purchase and sale agreements and coordination of any building requirements with design and construction

Responsible for review and compliance with development agreement, purchase & sale agreement terms and conditions

Other duties, responsibilities and special projects as assigned

Bachelor’s degree in Finance, Architecture, Engineering or other related fields

Proficiency in Microsoft Office

Career advancement and bonus opportunities

Comprehensive benefits package, including health, vision, dental insurance, and FSA (Flexible Spending Account)

Employer-paid life and disability insurance

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