Job Description

Position Summary:

The Development Manager is responsible for all aspects of assigned high-rise, mid-rise and redevelopment or infill residential development projects, including: visioning, planning approvals, overall project management leading up to building permits, and registration/occupancy. Collaborating with CAPREIT\xe2\x80\x99s other departments, the Development Manager has project-scale budgeting, scheduling, and financial reporting accountabilities.

Responsibilities:

• Manages all aspects of development applications\xe2\x80\x94official plan amendment, zoning by-law amendment, committee of adjustment applications, plan of subdivision, etc.\xe2\x80\x94including upfront visioning, preparation of initial submissions, revisions to comments, finalizing any relevant agreements, clearing conditions, and registration.
• Effectively liaises with consultants, municipal staff, politicians, neighbours, and other external stakeholders in obtaining planning approvals that meet or exceed CAPREIT\xe2\x80\x99s objectives, budget, and schedule.
• Reviews and interprets various technical documents\xe2\x80\x94planning, engineering, legal, financial, etc.\xe2\x80\x94to identify concerns and opportunities generally, while specifically managing the consultant team in the preparation, submission, and revision of required reports, agreements, etc.
• Manages consultants in preparing site and building drawings, as well as accurate statistics to enable iterative analysis that leads to constructive design and programmatic recommendations.
• Manages financial pro-forma/budget updates and uses other financial tools to evaluate concept plans, product mix, and other programmatic options to help inform both project visioning as well as subsequent development applications and leasing recommendations.
• Reviews, interprets, and incorporates qualitative and quantitative market research and analysis to understand potential renters, their aspirations, and competing offerings in the market so as to inform product offering, pricing, and demand assumptions.
• Manages the building permit and registration process for high-rise and medium-density rental projects.
• Manages, collaboratively with Sales & Marketing and Construction Manager, respectively, in the lead up to leasing launches as well as construction starts, with on-going support provided following those milestones.
• Interacts with various internal departments and divisions to ensure financial and non-financial inputs and assumptions are current and accurate.
• Reviews, tracks and reports on overall project budgets and schedules\xe2\x80\x94including cash flow forecasts, variance analysis, partner reporting packages, etc.
• Manages the preparation of succinct and accurate reports, agendas, and minutes for internal, consultant, and/or partner meetings to track project progress as well as on-going responsibilities and deadlines.
• Keeps current with the specific political, regulatory, and market trends to keep the business informed of potential changes within the development industry.
• Assist with the monitoring and assessment of planning notices and policy changes that may affect REIT owned properties; and
• Other duties within the scope, spirit, and purpose of the job, as requested by management

• Completion of a Bachelor\xe2\x80\x99s degree in related field (e.g. Planning, Engineering, Architecture) and a minimum of 4 - 6years\xe2\x80\x99 experience in Real Estate development. Multi-family residential experience is required, and mixed-use experience is an asset.
• Knowledge of planning policy in other provinces will be considered an asset
• Effective communicator with demonstrated written and verbal skills (i.e., report writing, presentations and meeting facilitation)
• Strong working knowledge of Microsoft Excel, PowerPoint, and Word.
• Well-developed analytical and problem-solving skills.
• Proven ability to collaborate and build strong working relationships with other departments and with people at various levels of the organization.
• Independent proactive self-starter, with the ability to effectively manage various projects simultaneously to meet strict deadlines.
• Works well in a cross functional team environment and has a positive outlook and attitude.
• Good time management and organizational skills.
• Member of CIP, OAA, PMP or LEED AP certification would be an asset

Capreit