Real Estate Development Director

2 weeks ago

Toronto, Ontario, Canada CT Real Estate Full time

Role Summary

This leadership role is responsible for overseeing the real estate development projects and managing the company's portfolio of properties for CT Real Estate. The Vice President of Development & Real Estate Management is a customer-centric, results-driven people leader who will lead all aspects of our real estate development projects and manage our portfolio of properties.

Key Responsibilities

  • Develop and execute the company's real estate development strategy for retail stores, including identifying new opportunities for all of CTC's retail banners.
  • Conduct market research and analysis to identify potential store development projects and assess their feasibility.
  • Lead the due diligence process for prospective projects, including financial analysis, risk assessment, entitlements, and permits.
  • Collaborate with cross-functional teams to prepare project proposals, including site selection, design, financing plans, and construction schedules.
  • Manage relationships with external stakeholders such as architects, engineers, contractors, and regulatory authorities to ensure successful project execution.
  • Oversee the forecasting of the annual capital plan for all retail store projects.
  • Develop and implement a comprehensive property management strategy for the company's portfolio of properties.
  • Monitor rental rates and market trends to optimize property occupancy rates and rental income.
  • Ensure compliance with all applicable laws, regulations, and industry standards related to property management.
  • Oversee the Environmental Services team to minimize the corporation's risk when dealing with environmental issues associated with the operation of Canadian Tire stores.
  • Work closely and manage the relationship with CT REIT on a variety of strategic initiatives related to the real estate portfolio.
  • Manage the entitlement and disposition processes of high-value Trophy Properties.

Requirements

  • A minimum of 10 years of progressive experience in real estate development and real estate operations.
  • Retail industry experience is an asset.
  • Bachelor's degree in Real Estate, Business Administration, or a related field.
  • A proven track record of successfully managing large-scale development projects from inception to completion.
  • Strong financial acumen and experience with project budgeting and financial analysis.
  • Excellent negotiation skills with the ability to manage complex agreements and contracts.
  • Exceptional communication and interpersonal skills, with the ability to build relationships with internal and external stakeholders.
  • Strong leadership abilities, with a track record of managing high-performing teams.
  • A solid background in real estate development and real estate operations, with a track record of successfully managing large-scale projects from inception to completion.
  • The ability to think strategically and identify new opportunities for real estate development or property acquisitions.
  • Strong financial skills are essential for this role, including budgeting, financial analysis, and the ability to assess project profitability and return on investment.
  • Strong leadership skills to effectively manage teams involved in real estate development and property management.
  • Exceptional communication skills to effectively interact with internal stakeholders, external partners, and regulatory authorities.
  • Strong attention to detail and problem-solving abilities to navigate complex contracts, permits, and potential challenges.
  • Ability to adapt to changing market conditions, able to handle setbacks or obstacles with resilience, and find creative solutions to overcome challenges.

Work Environment

CT Real Estate has adopted a hybrid work model whereby employees use a combination of working in office and virtually in service of outcomes. Each leader is empowered to decide what work is best achieved in person based on the unique needs of their team.

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