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Ilitch CompaniesPosted 2 weeks ago

VP, Development, Real Estate

On-siteDetroit, Michigan, United States

Full TimeSenior LevelEnterprise

Job Summary

Lead the entire development process for Olympia Development of Michigan (ODM) controlled real estate projects, managing pre-development feasibility, entitlements, capitalization, and leasing through design, construction, and stabilization. Oversee acquisition, upgrades, and rehabilitation of mixed-use sites while negotiating contractor services and managing capital budgets. Direct development teams to ensure regulatory compliance, mitigate risks, and align strategies with organizational objectives. Serve as a liaison between ODM, investors, and city officials to secure strategic deals and optimize tenant relationships.

Required Qualifications

  • Bachelor's degree in Real Estate Development
  • A degree in another related degree
  • A minimum of ten (10) years' progressive experience directing development and managing a mixed-use real estate development
  • A thorough understanding of real estate strategies, planning, transactions and facilities operations
  • A minimum of seven (7) years of managing real estate/urban development projects
  • Experience including timelines, budgets and resources
  • In-depth knowledge and previous experience of the local downtown Detroit real estate market
  • Experience including the highest and best utilization for the area
  • Evidence of knowledge and understanding of real estate development finances
  • Demonstrated understanding of the acquisition and due diligence process
  • Understanding of entitlements, zoning, environmental issues and incentives
  • Evidence of being a strategic thinker
  • Ability to develop and implement processes and plans
  • Evidence of planning acumen, analytical expertise and long-term strategic outlook with proven results
  • Evidence of a successful leadership track record
  • High ethical standards
  • Highly developed persuasion, relationship building and interpersonal skills
  • Evidence of trust from peers, public and private stakeholders and company ownership/leadership
  • Strong leadership, planning, management and organizational experience
  • Directing the outcome of multiple, complex projects
  • Demonstrated communication effectiveness in all forms
  • Ability to educate and inform broad audiences
  • Well-developed influencing and negotiation skills
  • Proficient at real estate databases, Internet and Microsoft applications
  • No employment or contractual restrictions due to existing confidentiality and/or non-competition agreement
  • Ability and willingness to sign a confidentiality and non-competition agreement with the Olympia Development of Michigan
  • This position will work in an office environment
  • This position will visit outdoor locations
  • This position will travel occasionally

Desired Qualifications

  • Master's Degree in Real Estate Development or related field
  • Membership in a community organization or board
  • Understanding of community-driven initiatives
  • Experience applying lean processing methodologies
  • Experience in planning development and tax incentives for historical structures

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