Development Manager

Jonathan Rose Companies is one of the country’s leading developers and investors in sustainable, affordable, and mixed-income multifamily real estate, with nearly 15,000 units owned or managed. Founded in 1989, Jonathan Rose Companies is a mission-driven company focused on enhancing the health and wellness of our residents, through its Communities of Opportunities programming, while also working to make its properties greener and more energy efficient.  The Development Group develops projects for long-term ownership and in partnership with mission-driven partners that are aligned with our values.  Based in New York City, we are currently developing projects in New York, Connecticut, Philadelphia, Washington, D.C, Detroit, and are actively pursuing large, mixed-use and multi-phase projects in select markets across the country. 

The Development Group is seeking an experienced Development Manager in our New York City office.  The Development manager will oversee the entire development process, including entitlement, the selection of architects and other professionals, arranging often complex financing, construction management, and, ultimately, marketing and lease-up.  

Primary Responsibilities:

• Site Acquisition and Due Diligence: analyzing site feasibility, preparing RFP responses, and gathering necessary information for approval of the investment
• Approvals: manage the public approval process, includes meetings with public officials and community representatives
• Financial Management: develop proformas and updating as the project progresses, approving invoices, tracking development costs and budget variances, collaborating effectively with the Accounting Department
• Project Management: maintain overall schedule for the project, manage and coordinate the design consultants and project team, attend all regularly schedule project oversight meetings, facilitate community outreach, prepare reports for management, investors and partners, and review legal documents to ensure key business terms are accurately reflected
• Project Financing:  sourcing and negotiating terms for equity and debt and managing the closing process.  Preparation of appropriate applications for funding resources.  Familiarity with city funding agreement is a plus 
• Marketing: develop presentations for internal and external communications, and works with Marketing Department on marketing strategy for the completed development
• Lease-up: oversee lease-up through stabilization and transfer of property oversight to Asset Management Department

Rose Companies is committed in policy and practice to providing equal employment opportunities for all applicants and employees, based upon their training, experience, and overall qualifications. Consistent with this commitment, discrimination against an applicant or employee based upon the individual’s race, color, creed, religion, sex, gender, age, national origin, ancestry, citizenship status, marital or familial status, sexual orientation, gender identity, gender expression, disability, military status, protected veteran status, genetic information, or any other condition or characteristic protected by law is strictly prohibited.