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Terra · 1 day ago

Development Associate

Miami, FL

Full-time

Onsite

Entry, Mid Level

2+ years exp

Terra is an award-winning real estate development company based in Miami, focused on creating positive impacts through innovative urban and suburban projects. The Development Associate will support the Senior Development Manager in managing multiple development projects from inception to completion, coordinating with various teams and stakeholders to ensure successful project execution.

CommercialProperty DevelopmentReal EstateResidential

Growth Opportunities

Responsibilities

Support the Senior Development Manager with executing the company’s development project pipeline from inception to completion

Responsible for, under the guidance of the Senior Development Manager, managing phases of multiple development projects which includes, but is not limited to:

Coordinate consultants and internal team members to develop and collect applicable documents in conjunction with obtaining entitlements and required building permits

Assist in collecting and assembling information required for underwriting proposed deals involving existing assets and potential acquisitions. Work with acquisition team to create financial models to underwrite project costs, revenues, and returns

Interface with internal stakeholders to define project requirements and constraints and obtain input on design and budgets

Assist in the preparation of budgets, schedules, and execution strategy for projects including entitlements, design development, and building permit approvals

Identify project risks, develop risk mitigation and contingency plans, and implement action plans to reduce or eliminate project risks

Manage due diligence efforts, create due diligence checklists, organize due diligence files, and ensure all due diligence is performed within allotted timeframe and per contractual requirements; Collaborate with finance team on due diligence efforts

Coordinate market research and comparable studies with finance, leasing, sales and marketing teams

Assist in the selection and management of the design team and preparation of drawings for initial budgeting and scope definition, development of site and building design detailed drawings, etc

Track progress of each project against goals, objectives, approved budgets, approved timelines. Report status and variances in coordination with accounting. Create action plans and adjust as required to meet objectives, budget and schedule

Develop project schedules and track against milestone dates and original dates

Create and maintain development schedule for deliverables required by construction and design team

Internal team coordination - Operations, Marketing, Construction, Asset Management, IT, Accounting

Manage project proformas - budgets, schedule, timing, market assumptions, underwriting assumptions

Responsible for project cost management to ensure all stay within budget

Create pre-development budgets and project cash flows in collaboration with the finance team and construction team

Update monthly development reports for distribution

Run and oversee minutes for all consultant project meetings, including but not limited to architect/owner/contractor meetings prior to construction start; ensure clear action items are defined and followed up on after each meeting

Coordinate branding and marketing efforts

Responsible for securing permits and permit coordination

Works closely with legal counsel to negotiate and execute consultant agreements

Manage all consultant contracts for compliance with schedule of values and terms (with the exception of marketing which will be managed by the marketing department)

Attends work as scheduled to support the ongoing success of the company

Other duties, responsibilities and special projects as assigned

Qualification

Real Estate DevelopmentArchitectureFinancial ModelingBlue BeamTeam CoordinationRisk ManagementProject Management

Required

Bachelor's degree in Architecture, Economics or Real Estate

2-4 years' real estate development or architecture experience

Advanced knowledge of Blue Beam

Benefits

Career advancement and bonus opportunities

Comprehensive benefits package, including health, vision, dental insurance, and FSA (Flexible Spending Account).

Employer-paid life and disability insurance.

Employer matching 401k.

Employee team building events.

Company paid monthly lunches.

Paid Time Off and paid Holidays.

Company

Terra

Terra, the award winning, Miami-based real estate development company founded by David Martin & Pedro Martin, carefully chooses projects that have a positive impact on their surroundings and, by extension, on the people who live there.

Founded in 2001

Miami, Florida, USA

51-200 employees