Sr Development Manager - Real Estate
Sr Development Manager - Real Estate
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$ 92000 - 166000
1 Vacancy
Job Description
Pay is based on several factors which vary based on include labor markets and in some instancesmay include education work experience and certifications. In addition to your pay Target cares about and invests in you as a team member so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs which may include medical vision dental life insurance and more to help you and your family take care of your whole benefits for eligible team members include 401(k) employee discount short term disability long term disability paid sick leave paid national holidays and paid competitive benefits from financial and education to wellbeing and beyond at us:
Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.
Targets distinctive brand love is infused throughout its many physical locations by the Properties teams. We have a direct and positive impact on the real estate design construction and maintenance of our stores distribution centers and headquarters. Are you ready to help strategically grow Targets brand through leadingedge design development construction and preservation Can you effectively balance the efficiencies of a largedesign build company with the unique challenges and innovative solutions required by individual sites Then take your place on one of our Properties teams and help us make the most of Targets physical assets both in the U.S. and overseas.
A role in Real Estate means the opportunity to develop and drive Targets marketbased growth strategies by identifying acquiring and developing extraordinary guestfacing properties. Youll use your negotiation skills to execute competitive and riskbalanced transactions. Youll be a key player on the team that manages the lifecycle of our stores site selection of new properties the scope of remodels and existing property portfolio negotiations and property disposition.
As a Sr. Real Estate Development Manager you will lead entitlement and development efforts for existing store sites including site planning development redevelopment due diligence and jurisdictional approvals. This role will lead site planning development or redevelopment of excess real estate which may include sales to developers or other tenants including analysis of parking entitlements and sale agreements. You will coordinate with internal and external partners to determine optimal scope schedule and budget of projects while managing financial risk during the development process. In addition and as needed provide technical guidance on new store initiatives affecting Targets real estate. You will act as a primary business representative and negotiator for real estate initiatives and administration. You will be responsible for the evaluation review and resolution of physical regulatory and schedule constraints affecting the development of Targets existing store and as needed new store real estate including the following tasks: prepare or direct preparation of site plans and floor plans to maximize Targets location in a development and to optimize physical attributes necessary for maximum store performance e.g. parking signage and access; select hire and manage outside consultants to prepare project documents and due diligence; analyzing and modifying lease purchase and site development documents consistent with Targets requirements; analyze data determine real estate project feasibility and provide creative solutions to development or redevelopment constraints; and direct meetings involving crossfunctional teams to prepare scopes schedules and site development budgets for real estate projects.
In addition youll negotiate relevant aspects of operating agreements tenant improvement work letters and leases; review negotiate and approve all governmental conditions of approval set forth in land use approvals that affect the development or redevelopment of Target sites; negotiate communicate and persuade (deliver public presentations to) community groups and public officials in support of Targets developments tenancies and site modifications; assist in real estate transaction closings by developing or providing required legal exhibits legal descriptions and development schedules; develop and maintain cooperative working relations with governmental agencies major civil engineering firms shopping center developers/landlords and retail real estate counterparts; and keep abreast of current and proposed governmental regulations affecting retail real estate development. This role may include managing Targets response to and acting as lead negotiator for eminent domain proceedings; monitoring ongoing needs of existing real estate assets such as additional expansion space signage parking lease renewals and effects of thirdparty (e.g. landlord or developer) activities to ensure Target is maximizing the return of real estate assets; and managing coordination of postacquisition activities and integration of assets into Targets real estate portfolio.
About You
Fouryear college degree in Civil Engineering Architecture Landscape Architecture or Planning
4 plus. years of experience in property engineering and/or development
Strong negotiation critical thinking communication and presentation skills
Ability to travel (up to 30% of the month) to meet to deliver inperson presentations and to build and maintain relationships with the external development community and government officials
Proficient with Microsoft Office Suite
This position will operate as a Hybrid/Flex for Your Day work arrangement based on Targets needs. A Hybrid/Flex for Your Day work arrangement means the team members core role will need to be performed both onsite at the Target HQ MN location the role is assigned to and virtually depending upon what your role team and tasks require for that day. Work duties cannot be performed outside of the country of the primary work location unless otherwise prescribed by Target. Click here if you are curious to learn more about Minnesota.
Benefits Eligibility
Please paste this url into your preferred browser to learn about benefits eligibility for this role: with Disabilities Act (ADA)In compliance with state and federal laws Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process please reach out toRequired Experience:
Manager
Employment Type
Full-Time
