AVP, Development Full Time NEW

Great people make great properties. As a shopping center developer of some of the nation’s best real estate in top markets, Macerich offers opportunities to work, grow and develop your unique talents. Apply now to help us shape the future of retail real estate while building a meaningful, rewarding, and balanced career.

The Position on our Team:

The AVP, Development is responsible for delivering development, redevelopment and renovation projects from the initial feasibility/concept state through completion. The position requires demonstrated experience with the management of projects, strong leadership and collaborative skills. The AVP, Development will be required to direct real estate services staff and make presentations to Senior Executives within the organization.

This is a regular, full-time role based out of the Manhattan corporate office with a hybrid schedule of three days in-office and two days remote per week.

In This Role, You Will:

• Coordinate with city staff on entitlements.
• Work with Leasing and senior management to create a vision and goals for the project.
• Establish preliminary overall projects budgets and schedules and monitor them throughout the development and construction process.
• Work with Asset Management to develop project pro formas and budgets.
• Collaborate with Leasing and Design & Planning to develop a conceptual design.
• Evaluate parking impacts associated with the development and work with the Legal department to develop REA amendments, department store and major tenant agreements, and site plan exhibits.
• Assist department store representatives with obtaining department store and major tenant approvals.
• Establish contracts with predevelopment consultants including planners, engineers, and architects.
• Assist in land use counsel selection based on knowledge of the local political arena, local connections and relative experience.
• Collaborate with Construction to establish construction budgets and schedules throughout the predevelopment process.
• Obtain all required entitlements and approvals and work with Construction to obtain permits from appropriate governmental authorities.
• Work with local governmental agencies to negotiate economic development incentives when possible.
• Work with Leasing to monitor leasing of space, rents, landlord costs for tenant work and tenant allowance expenditures against approved pro forma.
• Work with Leasing and Legal on the negotiation and preparation of the landlord/tenant work responsibility exhibit.
• Collaborate with Construction to monitor project costs and progress throughout construction.
• Manage, direct and mentor junior staff members by providing guidance and direction to ensure that quality work products are developed while maximizing their growth opportunities within the organization.
• Work with the Development team to investigate and utilize green building technology, energy efficient design and sustainable design ideas for all projects.
• All other duties as assigned.

What You Bring to Macerich:

• Minimum 7 years experience in the management and completion of retail development projects.
• Mixed use development experience is a plus.
• A development project history is required.
• Master’s degree in Real Estate Development or related (Architecture, Planning, Construction, Engineering, Finance or Management) is required.
• An advanced degree in Management (MBA) or Legal (JJD) is a plus.
• All applicants must be able to perform the essential functions of the position, including corresponding core job requirements, with or without a reasonable accommodation.
• Reasonable accommodations may be made to enable individuals with disabilities (and others in accordance with applicable law) to perform the essential functions of the job, consistent with applicable laws and Company policy.

Source: Macerich Career Page

Tagged as: REIT, retail