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Development Manager
Lowe
Oversee multifamily-to-condo conversion, managing design, construction, sales, and resident relations.
7d ago
$125,000 - $175,000
Expert & Leadership (13+ years), Experienced (8-12 years)
Full Time
District of Columbia, United States
Onsite
Company Size
17,000 Employees
Service Specialisms
Property Development
Real Estate Investment
Asset Management
Construction Management
Design
Project Management
Development Consulting
Investment Advisory
Sector Specialisms
Mixed-use
Multifamily
Resort Communities
Hospitality
Retail
Residential
Buildings
Community Development
Role
What you would be doing
budget management
financial proforma
project scheduling
invoice review
design coordination
client service
- Monitor invoice and payment issues.
- Ensure that the project is in compliance with all relevant project documents including Joint Venture Agreements and Development Management Services Agreements.
- Oversee the buildout of the model units and onsite sales center.
- Coordinate with the analyst teams to assemble and update detailed development budgets, financial proformas and all supporting data in accordance with the approved business plan.
- Manage all third-party consultants to ensure that the team is meeting the approved business plan goals with respect to design scope, budget, and schedule.
- Prepare monthly reports and participate in monthly Project update calls/meetings.
- Review and approve invoices and coding for entry into Yardi and on time payment.
- Organize and lead relevant recurring calls/meetings with development team, consultants and Ownership.
- Manage both outside and in-house legal counsel as necessary regarding all Project legal issues.
- Coordinate with accounting team on creation and prompt distribution of monthly draw package to Ownership and lenders.
- Serve as the primary point of contact for the design team and all project consultants.
- Serve as the Owner’s representative for all unit buyers, ensuring an outstanding customer service experience from move-in through all service requests and warranty claims that may arise.
- In collaboration with the design team, identify and contract with all contractors to perform the renovation.
- Work with the Lowe development team and the branding consultant to rebrand the building. This will include managing the creation of a website and all sales collateral to be used by the sales team.
- Maintain a detailed project budget to be updated monthly with actual costs to ensure the project is the approved budget is maintained.
- Coordinate with Risk Manager to ensure insurance requirements are being fulfilled.
- Manage the design team through the preconstruction phase.
- Serve as the daily point of contact for the onsite sales team for the duration of the unit sellout, ensuring that the Owner can quickly and effectively respond to buyer feedback
- Serve as the daily point of contact for existing unit residents and assist the management team with tenant communication, including the coordination of tenant move-outs.
- Generate, maintain, and update project schedules.
- Coordinate with the asset management team and third-party property managers to generate, maintain, and update project operating budgets and revenue projections.
What you bring
bachelor's degree
financial analysis
budgeting
microsoft excel
smartsheet
2-5 years
- General familiarity of the full cycle of horizontal and vertical development process, including entitlements, design, marketing, financing, construction, marketing & branding, and leasing matters for project of institutional size and quality.
- Ability to function independently and work collaboratively with other members of the development team as necessary.
- Ability to prioritize and handle multiple tasks while meeting established deadlines.
- Bachelor's degree required.
- Must possess financial analysis skills, be proficient with budgeting, real estate financial modeling, scheduling, and have effective negotiating skills.
- Ability to achieve the highest quality results in all Project aspects.
- Ability to exercise good judgment and interface with all types of people diplomatically and tactfully.
- Effective communication skills, both written and oral.
- Experience and knowledge of large-scale commercial development including:
- Strong organizational, written and oral communication skills.
- Ability to lead decision-making processes related to Project visioning, execution, and financial analysis.
- Understanding of, and ability to coordinate with, various community stakeholders.
- Ability to develop accurate and effective budget projections.
- Proficiency with Microsoft Word, Excel, Outlook, and PowerPoint, and Smartsheet.
- Excellent written and oral communication capabilities which demonstrate appropriate interpersonal and team-building skills in interfacing with internal and external client, consultant and public/private relationships and residents.
- 2 - 5 years of experience working in a real estate development environment, preferably a developer, investor, or asset manager with an emphasis on multi-family. Condominium experience is preferred but not required.
- Proven success and passion for building and sustaining strong relationships with team members, partners, consultants, community stakeholders and governmental authorities.
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Interview process
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Company
Overview
$28B Assets
Total Assets Under Management
Over $28 billion in assets across the U.S. have been acquired, developed, or managed by the firm.
1972
Year Founded
The firm was established in Los Angeles in 1972 as a workout specialist for distressed real estate.
50+ Years
Operational History
With over five decades of experience, the firm has grown to become a national player in real estate.
1M sq. ft.
Adaptive Reuse
The firm has transformed over 1 million square feet of obsolete office space into modern residences through adaptive reuse projects.
- Headquartered in Southern California, it retains a national presence with regional offices in major cities.
- Typical projects include single‑tenant office buildings, hospitality resorts, adaptive‑reuse, and mixed‑use developments.
- Its approach combines investment, development, and hands‑on property management under one roof.
- Notable efforts include managing hotels and resorts via affiliates like CoralTree Hospitality and redeveloping retail through its Retail reVision platform.
- In 2021, it launched Skye Commercial, a full‑service Denver brokerage handling office, retail, industrial, and hotel deals.
- Though privately held, the firm structures joint‑venture investments and manages billions in assets through long‑term partnerships.
- Entrepreneurship: We are proactive, resourceful, and driven to succeed.
- Innovation: We embrace new ideas, technologies, and ways of doing business.
- Excellence: We set high standards and work to exceed expectations.
- Integrity: We conduct business in an honest, ethical, and responsible manner.
- Collaboration: We believe in the power of working together to achieve common goals.
2040
Carbon Emissions Goal
Aims to balance carbon emissions with carbon removal by 2040.
- Focus on building energy-efficient, sustainable developments.
- Utilizes green building certifications such as LEED for the majority of projects.
- Actively reduces carbon footprint through energy-efficient design and construction practices.
- Supports the use of renewable energy sources and energy-efficient systems in properties.
- Committed to fostering a diverse, equitable, and inclusive workplace.
- Focus on gender equality with initiatives to promote women in leadership roles.
- Supports diverse talent development through mentoring and career progression opportunities.
- Regularly tracks and reports on diversity metrics, including gender representation.
- Initiatives to increase the representation of underrepresented groups in all areas of the business.
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