Comstock Companies
Director, Development
Comstock Companies, Reston, Virginia, United States, 22090
Director, Development
Department:
Development
Employment Type:
Full Time
Location:
Corporate Office
Description
The Development Director is a pivotal role responsible for overseeing and delivering a diverse range of projects across multiple asset types including mixed-use, office, retail, hotel, and residential developments. This individual is expected to manage the entire development process from initial concept through completion, emphasizing quality, budget, and schedule.
Key ResponsibilitiesLead and manage all aspects of development projects, across multiple asset types, including office, retail, hotel, and residential developments, ensuring adherence to quality, budget, and schedule.Select, manage, and coordinate with design and consultant teams in evaluating and pursuing development opportunities.Conduct comprehensive feasibility analysis and due diligence for potential projects.Obtain, evaluate, and apply market research to inform project design and pro forma.Prepare, manage, and oversee project budgets, schedules and pro formas in collaboration with construction team and finance group.Secure entitlements and approvals, manage and track compliance with relevant regulations and proffers.Guide the project design process from initial feasibility/concept through to grand opening, ensuring alignment with target metrics and identifying value creation opportunities.Coordinate development efforts with various internal teams, including Construction, Marketing, Leasing, Operations, and Asset Management.Prepare and present periodic reports for stakeholders such as owners, lenders, and capital partners.Ensure internal approvals for project milestones and changes, integrating them into project plans, budget/pro forma and construction documents.Negotiate and review tenant LOIs, leases, and work letters; address concerns related to landlord work and tenant improvement plans, finishes, and signage.Work with Tenant Coordination to facilitate the timely delivery of tenant spaces and ensure tenants' opening schedules are met.Regularly forecast project costs, schedules, and identify potential opportunities and exposures.Process invoices, back charges, and contract documents in line with company policies.Develop and propose partnerships with public and private entities.Assist in other development-related administrative tasks including project notes, meeting minutes, status reports, and file maintenance.Work with Construction to facilitate bids and permitting.Skills, Knowledge and Expertise
Bachelor's degree in real estate, business, or related field required; MBA, JD, or CPA preferred.Minimum of 5-10 years of real estate development experience, with proficiency in mixed-use, commercial, multi-family, hotel, and retail development.Extensive experience managing the full cycle of building development processes.Exceptional skills in financial analysis and modeling, particularly in complex mixed-use developments.Proficient in Microsoft Office Suite, including Excel, Word, Project, and Outlook.Strong oral and written communication, active listening, and organizational skills.Demonstrated ability to think quickly, proactively, and handle multiple projects in a fast-paced environment.High level of integrity, accountability, and a commitment to excellence.Customer-focused, results-oriented, with a continuous learning and development mindset.Benefits
Why Comstock?
Our innovation and dedication to work/life balance have earned us numerous workplace awards.We offer a work environment that is both collaborative and respectful.Our community-focused approach positions us as a highly regarded employer in the industry.
Compensation:- Competitive Salary with Bonus Potential- Generous Benefit Package: Medical, Dental, Vision, 401K Match, Life Insurance
Career Development- Opportunities for Advancement within our expanding portfolio- Annual Professional Development Funds to fuel your growth
Employee Perks (to name a few):- Housing Discount- Commuter Benefits- Free Parking and EV charging- Parental Leave Program- Enjoy a Friendly Work Environment that values collaboration
Explore more perks and possibilities here for growing your career with Comstock Companies! Discover what sets us apart!
Department:
Development
Employment Type:
Full Time
Location:
Corporate Office
Description
The Development Director is a pivotal role responsible for overseeing and delivering a diverse range of projects across multiple asset types including mixed-use, office, retail, hotel, and residential developments. This individual is expected to manage the entire development process from initial concept through completion, emphasizing quality, budget, and schedule.
Key ResponsibilitiesLead and manage all aspects of development projects, across multiple asset types, including office, retail, hotel, and residential developments, ensuring adherence to quality, budget, and schedule.Select, manage, and coordinate with design and consultant teams in evaluating and pursuing development opportunities.Conduct comprehensive feasibility analysis and due diligence for potential projects.Obtain, evaluate, and apply market research to inform project design and pro forma.Prepare, manage, and oversee project budgets, schedules and pro formas in collaboration with construction team and finance group.Secure entitlements and approvals, manage and track compliance with relevant regulations and proffers.Guide the project design process from initial feasibility/concept through to grand opening, ensuring alignment with target metrics and identifying value creation opportunities.Coordinate development efforts with various internal teams, including Construction, Marketing, Leasing, Operations, and Asset Management.Prepare and present periodic reports for stakeholders such as owners, lenders, and capital partners.Ensure internal approvals for project milestones and changes, integrating them into project plans, budget/pro forma and construction documents.Negotiate and review tenant LOIs, leases, and work letters; address concerns related to landlord work and tenant improvement plans, finishes, and signage.Work with Tenant Coordination to facilitate the timely delivery of tenant spaces and ensure tenants' opening schedules are met.Regularly forecast project costs, schedules, and identify potential opportunities and exposures.Process invoices, back charges, and contract documents in line with company policies.Develop and propose partnerships with public and private entities.Assist in other development-related administrative tasks including project notes, meeting minutes, status reports, and file maintenance.Work with Construction to facilitate bids and permitting.Skills, Knowledge and Expertise
Bachelor's degree in real estate, business, or related field required; MBA, JD, or CPA preferred.Minimum of 5-10 years of real estate development experience, with proficiency in mixed-use, commercial, multi-family, hotel, and retail development.Extensive experience managing the full cycle of building development processes.Exceptional skills in financial analysis and modeling, particularly in complex mixed-use developments.Proficient in Microsoft Office Suite, including Excel, Word, Project, and Outlook.Strong oral and written communication, active listening, and organizational skills.Demonstrated ability to think quickly, proactively, and handle multiple projects in a fast-paced environment.High level of integrity, accountability, and a commitment to excellence.Customer-focused, results-oriented, with a continuous learning and development mindset.Benefits
Why Comstock?
Our innovation and dedication to work/life balance have earned us numerous workplace awards.We offer a work environment that is both collaborative and respectful.Our community-focused approach positions us as a highly regarded employer in the industry.
Compensation:- Competitive Salary with Bonus Potential- Generous Benefit Package: Medical, Dental, Vision, 401K Match, Life Insurance
Career Development- Opportunities for Advancement within our expanding portfolio- Annual Professional Development Funds to fuel your growth
Employee Perks (to name a few):- Housing Discount- Commuter Benefits- Free Parking and EV charging- Parental Leave Program- Enjoy a Friendly Work Environment that values collaboration
Explore more perks and possibilities here for growing your career with Comstock Companies! Discover what sets us apart!