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Director, Real Estate Development
4 weeks ago
Starlight Investments, in conjunction with WP Osborne Executive Search, is seeking a Director for their development division, Starlight Developments.
Starlight Developments believes in the lasting value of complete communities. We are proud to be one of Canada's leading developers of purpose-built rental housing and mixed-use developments. Starlight Developments strives for our residents to experience improved quality of living, with access to best-in-class amenities. We build environments that are modern, diverse, and sustainable places where people want to live, work, shop and play. We continue to be actively engaged with the communities where we operate and are committed to the health and safety of our residents, staff and neighbours.
Director, Real Estate Development
Based in Vancouver, reporting to and working closely with the Vice President, Development, the Director will lead a substantial portfolio of residential and mixed-use projects and provide the necessary leadership, oversight and strategy to help drive all entitlements, design development expediently while maintaining project viability through to building permit issuance and occupancy permit. The Director will, at all times, play a crucial role in ensuring that community improvement, value maximization and project quality are achieved. The Director will:
- Lead (i) the due diligence, feasibility analysis and determination of development potential and (ii) investigation of existing permissions on subject sites by collecting pertinent policy for surrounding applications and developments;
- Lead the analysis of development potential based on amending permissions on subject sites by collecting pertinent policy (official plan, zoning by-law, provincial policy docs, fee schedules, municipal by-laws, etc.), surrounding applications and locational and demographic information;
- Lead the conceptual design and planning working in collaboration with Investments, Construction and Asset Management teams;
- Lead the creation, coordination and implementation of entitlement strategies which may include municipal and agency approvals, official plan amendments, zoning by-law amendments, variances to bylaws and consents;
- In conjunction with development managers, provide leadership in the preparation and tracking of Request for Qualifications and Proposals and provide comparative analysis on submitted proposals as needed;
- Lead the organization and coordination of external community meetings;
- Coordinate and track various development agreements with municipalities and external agencies;
- Review technical drawings and reports, along with the Construction team, prior to submission to the municipality and agency for completeness and to ensure specified criteria are being addressed;
- Summarize reports and policies at the request of the VP and SVP of Development;
- Regular preparation and occasional presentation of monthly, quarterly partner reports and cashflow reports;
- Attend meetings and produce agenda and minutes including action items for timely circulation to the project team;
- Lead the preparation, and maintenance of project schedules and provide regular updates to projected timelines and associated internal tracking reports;
- Review and manage the release of Letters of Credit and other development-related securities;
- Prepare project budgets and cash flow projections.
Qualifications
The Director, Development will possess a University Degree in Business, Engineering, or Urban Planning; 10 years of real estate development experience including working on residential and mixed-use development projects for a development company; excellent communication, interpersonal, and organizational skills; knowledge of Microsoft Project and PowerPoint with advanced proficiency in Excel. The ideal candidate will have a positive team-based approach to their work; and can work autonomously, make decisions, and problem-solve independently, effectively, and creatively.
Application
Qualified candidates can submit their resume via LinkedIn. We thank you for your interest in this role, only qualified candidates will be contacted.
Starlight Investments
Starlight Investments is a leading global real estate investment and asset management firm. Established in 2011 and privately owned, Starlight has grown to a dynamic team of 360+ professionals who manage over $25 billion of direct real estate and real estate investment securities. Offering a range of investment vehicles across various real estate strategies, we are a developer and asset manager of over 77,000 multi-residential suites and over 9 million square feet of commercial property space. Holding Canada's largest portfolio of multi-family assets, we have a strong focus and commitment to creating a positive impact for our communities. To learn more about Starlight, please visit or follow the company on LinkedIn.
Starlight's People Value Proposition
- Diverse multi-generational workforce
- Competitive and equitable compensation
- Employer matching GRSP
- Comprehensive benefits packages including Health and lifestyle spending accounts
- Maternity leave top-up
- Leadership and mentorship programs
- Investment opportunities in Starlight funds
- Seasonal office hours
- Annual company-wide volunteer day (Impact Day)
- Award-winning ESG Strategy
- Personal and Cultural days
- Designated CPA Training Facility
Starlight's total compensation framework is comprised of annual base salary, discretionary bonus and company benefits such as medical and wellness, Group RSP and other incentives.
Diversity, Equity and Inclusion
Starlight is dedicated to creating a workplace culture of inclusiveness that reflects the diverse communities that the company operates in. We invite all interested individuals to apply and encourage applications from members of equity-deserving communities, including but not limited to women, persons with disabilities, visible minorities (racialized), Black, Indigenous Peoples and persons of any gender identity and sexual orientation.
Environmental Social Governance (ESG)
As one of the largest rental housing providers in Canada, Starlight's focus on ESG is aligned with the company's broader purpose to invest with impact and drive social and economic growth through real estate. This focus shapes business operations and influences interactions with employees, investors, partners and communities.
WP Osborne Executive Search
WP Osborne is a privately-owned search firm delivering full-service recruitment expertise for over 20 years to a broad range of clients in the real estate industry. Our expertise extends across every major asset class including multi-residential, office, industrial, retail, mixed-use, condo, hotels, and senior living across the functions of asset management, investments, development, construction, leasing, property management, portfolio management, finance, marketing, IT, HR and strategy.
Reference: 1378 – Director Development, Vancouver
