Report this Job
About the Asset Strategy & Development Team
Asset Strategy & Development (AS&D) provides a dual role. First, AS&D leads the firms large-scale property development efforts in the staffed and unstaffed portfolios. Second, AS&D manages WSs extensive unstaffed property portfolio. Large-scale development focus areas include spearheading the internal and external project team as well as representing WS in all regulatory permitting efforts before federal, state, and local agencies. The management of the unstaffed properties focus areas include identifying both external risks (ex. regulatory, title, environmental, competitive) and business risks associated with new Tenant projects and developing a strategy to avoid or mitigate those risks, managing the property to maximize its value proposition in the eyes of Tenants and other key stakeholders, and delivering financial efficiency to ordinary operations and capital expenditure projects.
The Position
The Development Manager is an integral member of the Asset Strategy & Development team reporting to a Vice President, AS&D. This role will work within assigned teams, providing overall development project support and ensuring project success.
The Development Manager will be responsible for a varying portfolio of development projects, will assist in completion of key project deliverables and will help manage the day-to-day aspects of these projects and drive them to success. Responsibilities will include: assisting in the management of outside project consultant teams, assisting in permitting, regulatory, and community matters related to the project, compiling comprehensive documentation of critical project information, providing detailed planning of project activities and team priorities, providing general project management support, and making project recommendations to Senior Leadership.
The Development Manager will also oversee the day-to-day management of a portfolio of existing and evolving assets, including hiring outside vendors to perform property services, and monitoring these vendors to insure that they are performing their duties in accordance with their contract and to WSs standards. The individual in this role will manage the Companys relationship with operating tenants, including solving problems, answering routine questions and understanding their leases to determine responsibility of non-recurring problems or issues. The Development Manager will engage with municipalities, government agencies/authorities, insurance companies, etc. to satisfy the requirements for properties relating to life safety, regulatory compliance, and industry-leading asset management practices, etc.
This position spearheads the creation of each propertys annual operating budget and a 5-year capital budget for submission to Senior Leadership. The Development Manager will coordinate construction projects within existing assets, including smaller projects that are managed within the AS&D Department, and larger redevelopment projects, that are managed by the Construction Department.
What We Are Looking For
Team Player: WS is a vertically integrated firm and the Development Manager will work in support of the Vice President of Development, and alongside Construction, Leasing, Design, Marketing, and Finance on solutions to each challenge throughout the project. We are looking for candidates who excel at organizing, communicating, and managing complex details while preserving an awareness of big-picture project goals, and who are strong collaborators and thrive working in a team-oriented environment.
Passion: We are looking for an individual who is passionate about this industry and our projects. The ideal candidate will be ambitious and intellectually curious in the business and have an appreciation for the scale and impact of the firms projects.
Ownership: Understanding the sense of urgency surrounding project deadlines and responding to project tasks and deadlines in a timely manner. An ideal candidate is someone who will treat each property as their own, caring about the quality and outcome in driving each project to completion.
Requirements
- An ideal candidate will thrive working in a team-oriented environment and will work collaboratively to deliver solutions. We are seeking people who have demonstrated the ability to deliver quality work and consistently meet deadlines.
- A Bachelors degree in Engineering, Architecture, Construction Management, Real Estate Management, or related field with 5-7 years of experience is required.
About WS Development
Massachusetts-based WS Development is a mixed-use developer with a singular mission: creating places people want to be. With an approach that values art, science, innovation and, above all else, people, WS strives to engage each community it serves with best-in-class experiences, designed with our customers, tenants and partners in mind. Established in 1990, WS is one of few vertically-integrated real estate companies that conceptualizes, owns, operates and leases more than 100 properties that range from cutting-edge urban spaces to lifestyle and community centers. With over 22 million square feet of existing space and an additional nine million square feet under development, it is one of the largest privately-owned development firms in the country.
WS is where great ideas and great people come together to design, build, and operate some of the best loved real estate projects in the country. We live at the intersection of entrepreneurship and establishment. We have the infrastructure of decades supporting a culture of free-thinking excellence.
We expect every WS employee to feel welcomed and valued irrespective of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, veteran status, marital status, parental status, cultural background, and life experiences. Or for any other reason.
WS Development
