boston planning & development agency

  • DEPUTY DIRECTOR, REAL ESTATE DISPOSITION AND DEVELOPMENT

    Job ID
    2019-1392
    Category
    Property Management
    Grade Level
    L
    # of Hours
    35
    Salary Range
    $80,000-$99,800
  • Summary

    boston planning & development agency 

     

    TITLE:          DEPUTY DIRECTOR, REAL ESTATE DISPOSITION AND DEVELOPMENT

      

    DEPARTMENT/DIVISION: REAL ESTATE/DISPOSITION

     

    SUMMARY OF RESPONSIBILITIES:

    Under the direct supervision of the Director of Real Estate, and in close collaboration with the Planning and Legal divisions, the Deputy Director is responsible for managing efforts to redevelop BPDA owned vacant and underutilized properties into community supported end uses.  

     

    The Real Estate Division at the BPDA is responsible for managing a portfolio of over 11 million square feet of land across Boston neighborhoods including signature properties such as the Charlestown Navy Yard, Long Wharf, the Raymond L. Flynn Marine Park as well as significant neighborhood based holdings across Boston.  As a member of the Real Estate Division’s senior leadership team, the Deputy Director will focus on the underutilized properties and is responsible for implementing strategies to shepherd them successfully into development as housing, economic development, or permanent open space.

     

    GENERAL DUTIES AND RESPONSIBILITIES:

     

    Disposition Research and Planning

    • Creates and maintains systems to prioritize and track the disposition status of developable BPDA property
    • Identifies potential development scenarios on BPDA property and analyzes the financial feasibility of potential options
    • Collaborates with the Planning team and community stakeholders to evaluate potential development options against existing zoning, neighborhood context, policy objectives and economic development priorities

     

    Community Engagement

    • Directly leads public discussion and community meetings to engage the public and achieve consensus wherever possible on site-specific development priorities
    • Coaches staff on navigating public process concerns, engaging community members, weighing conflicting views and providing exceptional constituent service
    • Operates transparently and collaboratively with community members, real estate developers, public officials and other stakeholders
    • Manages relationships with abutters to BPDA properties during the development process.
    • Prioritizes inclusivity and equity in both the public process around development and in the development process itself

     

    Technical Real Estate Property Sales Execution

    • Both individually and through staff members, authors Requests For Proposals (RFPs) and other technical documents to solicit development interest and guide the award of development rights through the BPDA board
    • Applies a deep understanding of Massachusetts General Laws Chapter 30B to the property disposition process
    • Orders and interprets appraisals of BPDA property as needed
    • Markets opportunities to purchase/lease BPDA property
    • Closely tracks the real estate market in Boston and applies this knowledge to advise strategic decision making and appropriately value BPDA property
    • Works closely with the BPDA’s Commercial Leasing team to establish appropriate land lease payments for properties going into development

     

    Development Underwriting

    • Creates models and pro-formas to evaluate the financial feasibility on various potential development scenarios on BPDA property
    • Analyzes the financial submissions of developers competing to develop BPDA property and provides recommendations on the relative strengths, weaknesses and overall feasibility of proposed projects

     

    Project Management

    • Provides detailed oriented project management of all development on BPDA owned land at all stages of the development including project inception, community process, evaluation of proposals, tentative designation at the BPDA board, permitting and Article 80, and construction.
    • Represents the BPDA in negotiations with developers until the successful completion of the project
    • Establishes systems to track the project management tasks and responsibilities of staff members involved in real estate disposition

     

    Fiscal Stewardship

    • Understands the full value of each BPDA property and ensures that the benefits of development accrue to the Agency and to the people of Boston and do not unreasonably enrich private interests
    • Ensures that today’s development deals on BPDA property protect the long term fiscal health of the Agency

     

    Leadership

    • Supervises assigned staff
    • Articulates the policy objectives of the BPDA for BPDA property and advances these priorities
    • Authors and executes written policies and procedures as required
    • Performs other duties as assigned

     

    QUALIFICATIONS:

    • Work requires a Bachelor's degree in Business Administration, Real Estate, Public Administration or related field or equivalent, plus 5+ years directly relevant real estate development experience. Masters degree is preferred and may be used to substitute for required experience. 
    • Understanding of Massachusetts General Law Chapter 30B governing the disposition of public real estate
    • Exceptional real estate finance skills and the demonstrated ability to build accurate conceptual real estate development pro-formas
    • Excellent oral, written, and interpersonal communication skills
    • Self-motivated team player that is curious and able lead cross functional groups through complex work
    • Detailed oriented project management skills
    • Strong critical thinking to continuously review internal policies and procedures in order to improve upon and standardize processes
    • Values-driven leader that priorities diversity, inclusivity, and public good
    • Must exercise discretion and sound judgment and be capable of handling confidential and highly sensitive information with professionalism and unquestionable integrity

     

    WORK ENVIRONMENT:  

    Mostly office environment work with limited site visit responsibilities

     

    PHYSICAL REQUIREMENTS:

    Little or no exertion; may spend extended periods at desk.  May need to travel between the three BPDA sites

     

    SCOPE:

    Manage staff of up to 7.

     

     

     **BOSTON RESIDENCY IS A CONDITION OF EMPLOYMENT**

     

     

     

     

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