Vp, Development

3 months ago


New Glasgow, Canada Crombie REIT Full time

**Date Posted**:October 1, 2024

**Application Deadline**:October 15, 2024

**Location**: New Glasgow, NS or Halifax, NS or Mississauga, ON

**Employment Type**: Permanent

**Job Type**: Hybrid

Headquartered in New Glasgow, NS, Crombie is an integrity-driven, caring, and purpose-built organization. It’s why we’ve been voted one of Atlantic Canada’s Top Employers year after year. Here are a few more reasons why we all love where we work:

- Flexible, hybrid work schedules and locations;
- Funding assistance for professional dues and furthering education;
- An on-site fitness facility, or subsidized fitness centre memberships;
- Corporate discount rates;
- Professional development programs to help you grow and succeed; and
- A strong, diverse culture that promotes thought leadership and interdepartmental collaboration.

**Our commitment to Diversity, Equity & Inclusion**

**Who we are**

As one of Canada’s leading REITs, we build spaces that will shape communities and have a lasting impact for generations. Supported by a solid foundation and focused value creation, Crombie is positioned to deliver consistent results and generate long-term sustainable growth.

You’ll join a team of values-driven, caring colleagues. We collaborate, find solutions, and cheer each other on. Our winning culture is rooted in our values: outperform expectations, embody integrity, care passionately, deliver excellence together, and empower one another.

We care for our employees, we support flexible work, compensate with great benefits, and work with you to help meet your career goals. Learn more about us at crombie.ca.

**Position Summary**

The VP, Development is a pivotal leadership role, driving Crombie’s national development strategy and executing key initiatives for growth and key measures of success, identifying, delivering, and leading development activities and ensuring Crombie is a recognized, trusted, and high-performance brand and partner. Through visionary leadership and strategic foresight, this role oversees the development function, as well as day-to-day execution of all development activities including land use intensification (LUI) opportunities, partnerships, redevelopments, and major developments. Additionally, the VP, Development:

- Works collaboratively with all key stakeholder groups, including Executive and Senior Leadership teams to understand strategic objectives, and align development initiatives with Crombie’s value creation strategy.
- Develops and executes a national development strategy, including setting annual development goals in collaboration with the EVP, Development & Construction, providing the vision, leadership, and strategic direction to the Development team across Canada.
- Oversees the execution of national development and redevelopment projects, from initial due diligence and site acquisition through stabilized occupancy. Manages and actions all phases, including due diligence, entitlements, community engagement, and monitors the overall health and performance of the development pipeline.
- Identifies development opportunities (LUIs, redevelopments, partnerships with Empire/Sobeys, etc.) and presents recommendations. Continuously enhances Crombie’s asset portfolio by researching, analyzing, and optimizing these opportunities.
- Communicates effectively at all levels to gain support, determine feasibility, analyze, and secure approval for project decisions.
- Builds and optimizes relationships with key stakeholders, including government officials, community members, tenants, investors, Empire, and other key partners, as the primary point of contact. Collaborates effectively with Executive and Senior Leadership teams to drive project success.
- Analyzes and directs financial and business data in collaboration with Finance and Analytics to build project proformas to inform decision making on all development components, in alignment with current market trends and estimated future market conditions. Monitors project costs and tracks performance against approved business plans and proforma.
- Leads major development projects, ensuring successful execution of partnership agreements, municipal approvals, construction schedules, and tenant negotiations. Facilitates Sobeys expansion opportunities and LUI efforts with Empire.
- Identifies obstacles and taking ownership to initiate steps to resolve where possible (i.e., municipal approvals, timing, chance of success, and tenant approvals - no builds, use restrictions). Monitors costs and tracks performance against proformas.
- Works collaboratively with the acquisitions and dispositions team to finalize dispositions and acquisitions, ensuring all aspects of due diligence are addressed.
- Leads consultant selection, in collaboration with the pre-construction team members to ensure a coordinated design process, by insuring a smooth transition between the development and construction phases of the project. Monitors and reports on the ove



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