Senior VP of Development

Weller Development is looking for a Senior VP of Development who is experienced in high-end hospitality development. With multiple large-scale luxury resorts in the Bahamas and in Napa County, CA in different stages of development, and additional developments in the pipeline, Weller is looking to hire someone who can oversee the successful execution of the pipeline from start to finish. This person will know how to build the most efficient luxury resorts and how each decision throughout the process affects the big picture of each project. This is a hands-on role that’s a combination of individual contribution and the management and oversight of a growing team.

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About Weller



Industry :
Real Estate Development
Location :
Bethesda, MD
Company size :
20-30 Employees
Website :
https://www.wellerdevelopment.com/

Weller Development Partners is a mission-driven commercial & hospitality real estate development firm that builds world-class communities. They collaborate with visionary investors to create large-scale luxury developments with the potential to transform cities, rebrand destinations, and lift up communities. It is a young and entrepreneurial company founded in 2012 that has the financial relationships, product, and reliability of an established company. At the heart of the company ethos is a triple-bottom-line approach to development, designing strategies that are financially viable, while providing benefits to the surrounding communities, the environment, and investors.

Position Description



Core Responsibilities
  • Provide the Company with leadership and experience/knowledge to lead the strategic direction for all Company project/development execution roles/responsibilities ensuring the Company consistently meets program, schedule, budgetary, and profitability goals/objectives
  • Oversee project due diligence, programming, entitlements, design, financing, construction, marketing/leasing, and stabilization
  • Develop, manage, update, and interpret project proformas in collaboration with the Company leadership
  • Develop, build, and maintain positive, trusted relationships within state and local jurisdictions. Help lead community and political outreach efforts to secure any/all land entitlement and development approvals and to assess entitlement risk for ground-up development projects and change-of-use opportunities
  • Lead all project teams both internal and external. Responsible for the process of interviewing, hiring, and managing all design, engineering, land-use, construction teams, and any other consultants’ work efforts required throughout the project
  • Lead the negotiation of legal documents including contracts, easements, municipal agreements, and other project documentation. Manage, direct, and oversee the procuring process of any/all required permits
  • Develop and maintain all budgets, schedules, and project scopes to ensure key milestones and deliverables are met through the lifecycle of each/every project
  • Collaborating with senior construction staff, overseeing change order reviews, and providing senior leadership with any/all forecasting exposures
  • Lead project reporting and regular project operational/performance reviews to ensure project business plans are compliant. Help provide a smooth transition to property management/operations
  • In partnership with Company marketing consultants, provide leadership and direction with all brand/marketing, programming, and placemaking direction throughout project execution
  • Provide leadership in formulating innovative, technology-driven ways to enhance operational and financial efficiencies within the Company to ultimately help drive additional competitive advantages for new and exciting opportunities
Education, Experience and Qualifications
  • Bachelor’s/undergraduate degree required with a business/finance/economics, architecture/design, construction management, or civil engineering focus preferred. A master’s degree/MBA in Real Estate is highly desirable
  • Minimum of 10-15+ years of development execution experience within sophisticated and reputable investment/development organizations. Prior experience having led successful execution efforts, from entitlement through stabilization, of large, complex, multi-use/phase, mixed-use development projects. Hospitality experience is a plus
  • Exceptional ability to lead, manage, and motivate multi-disciplinary teams, both internally and externally during all critical phases of the development process
  • Must have an extremely high level of/attention to detail and the confidence/ability to provide guidance, support, and throughout projects, independently make timely decisions
  • Extremely strong financial/analytical skills. Ability to develop, manipulate, and interpret complex financial models
  • Exceptional ability to drive consensus among people and the ability to comfortably develop relationships with people at all experience levels inside and outside the organization
  • Must possess outstanding negotiation and problem-solving skills. Must possess great judgment when navigating through complex jurisdiction/municipality issues.
  • Must be motivated to thrive in an entrepreneurial, hands-on, creative environment

Contacts

JOSH SCHMITT

Senior Account Executive

Construction & Real Estate Development

Interested? Get In Touch.

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