Overview of Greybrook

Greybrook Realty Partners is a Toronto-headquartered private equity real estate investment firm that invests and actively manages residential, commercial and mixed-use developments across North America. The firm offers investors the unique opportunity to partner alongside leading real estate developers in the development and construction of new real estate assets and value-add investments. Greybrook and its affiliates have invested in over 100 real estate projects in Canada and the United States with over $2 billion in equity deployed and an estimated gross development value of CAD $30 billion.

Overview of Position

This is a new role and an exciting opportunity for an experienced and talented Development Manager (Low-Rise) to join our growing Investments and Asset Management team and to build and lead a team of talented development management professionals for a growing portfolio. The Development Manager (Low-Rise) will report to the Vice President, Low-Rise Asset Management, and will also work closely within the larger Low-Rise Asset Management team.

The successful candidate will utilize their skills and experience in greenfield development for the origination, acquisition, and execution of various residential development projects throughout the Greater Golden Horseshoe. Furthermore, the successful candidate will work collaboratively with Greybrook's co-development partners, and engage with a variety of stakeholders and consultants to ensure projects are kept on schedule and within budget. Lastly, the candidate will be responsible for liaising and providing guidance on development related matters to the Low-Rise Asset Management team and support the Vice President on a number of development related initiatives. The Development Manager (Low-Rise) must be capable of handling multiple project deliverables simultaneously and provide strategic advice on the risks and rewards of various development opportunities from a business perspective. This is a role for a high-performance individual who is willing to take the next step in their career.

The ideal candidate should have at least 7-8 years of directly relevant experience in low-rise residential development with a strong understanding of planning and infrastructure delivery and related impacts to timing and budgets. This includes specialized knowledge and experience on urban boundary expansions and municipal comprehensive reviews and the changing legislative framework, as well as the advancement of secondary plans, block plans, draft plan of subdivisions and zoning by-law amendments, and site plans. Equally important, the candidate will have advanced knowledge of landowner groups, cost sharing agreements, development charge and front funding agreements, subdivision and site plan agreements and managing engineering approvals. The candidate should be fluent in both development planning and development engineering related issues with experience managing multi-disciplinary consulting teams through to permit service, including the preparation, approval, and management of project budgets and cash flows. The successful candidate should have a wide network and positive working relationship with key industry consultants and individuals.

The ideal candidate has experience working in a developer capacity focusing on greenfield developments throughout the Greater Golden Horseshoe. Prior experience in project management, directing consultant teams and/or managing projects through municipal approvals processes (secondary plan, block plan, draft plan of subdivision/zoning by-law amendment, and site plan) is required. This also includes experience building and maintaining relationships with key government officials, including elected officials. The candidate should have a relevant educational background in planning, or engineering, and/or business. The candidate must be able to prioritize and handle multiple development projects and a diversified workload. The successful candidate must be a self-starter, be capable of thinking on their feet, and understand the business implications of development-related decisions.

Responsibilities

• Prepare and manage project budgets and cash flows, including impacts resulting from cost sharing, development, front funding, and dc credit agreements.
• Prepare and update project schedules.
• Assemble, manage and coordinate multi-disciplinary consultant teams to advance projects in various stages of development (urban boundary expansion, secondary plan, block plan, draft plan of subdivision/zoning by-law amendment, and site plan).
• Assemble and engage external consultant teams, including soliciting, reviewing and negotiating proposals and making recommendations for consultant selections.
• Monitor and coordinate the work effort of all project consultants to ensure their scope of work is in conformance with the project budget, schedule and development goals.
• Schedule and lead key consultant and design meetings and follow through to ensure required action is taken/completed.
• Represent Greybrook in all meetings, including meetings with government officials, partners, consultants, vendors, brokers, and community stakeholders.
• Represent Greybrook and the project's interests in all landowner group and cost sharing negotiations.
• Attend public meetings as required.
• Lead the municipal approvals process including administering, coordinating, and managing the conceptual design and approvals processes (OPA, ZBLA, SPA, Draft Plan, etc.), including negotiating directly with the relevant governmental authorities, including elected officials.
• Monitor and coordinate the project closeout process including registration, final closings, assumption, and release of LCs, etc.
• Review and finalize planning/development agreements, including by-laws, cost sharing agreements, dc credit agreements, front funding agreements, landowner funding agreements, etc.
• Reviews and interprets various technical documents—planning, engineering, legal, financial, etc.—to identify risks and opportunities.
• Keep current to changing legislative framework for planning, infrastructure, and development charges.
• Work with our internal acquisitions team (including Asset Management and related Realty functional groups) to continually assess development opportunities across the Greater Golden Horseshoe. Once sites are under contract, in concert with the Vice President and the Asset Management Low-Rise team, lead all due diligence activities to determine if the opportunity meets Greybrook's investment threshold.
• Grow and lead a team of development management professionals as the internal portfolio and responsibilities grow.
• Report to the Vice President on all development related matters.
• Provide updated reporting to Asset Management and external partners on changes to the budget and timeline and the implementation of the overall project.
• Support the Vice President with preparation of any reports, presentation materials and budget projections as needed.
• Support all aspects of development administration, including maintenance and archiving of project documents, databases, fee libraries, etc.
• Coordinate all internal development related administration requirements opposite finance, legal and accounting.
• Support the Asset Management Low-Rise team on development related matters.
• Other responsibilities as required.

Qualifications & Experience

• Minimum 7-8 years of progressive development experience with a primary focus on greenfield development. working with various city departments, agencies, consultants, and stakeholders.
• Education and background in Planning, Engineering, and/or Business.
• Ability to grow and lead a team of professional development managers.
• Attention to detail with ability to prepare and amend project budgets including interpreting and understanding implications to budgets and cash flows related to cost sharing agreements and front funding/development charge credit agreements.
• Strong quantitative and budgeting skills, however an advanced degree and specialization in finance and economics is not necessary for this role.
• Keen interest in the residential real estate development industry.
• A team player with professional written & verbal communication skills and strong interpersonal skills.
• A proven self-starter who learns quickly.
• Excellent organizational skills with the ability to simultaneously manage multiple projects.
• Strong work ethic with a proven ability to produce quality materials while meeting all deadlines.
• Ability to prioritize work assignments and adapt to changing priorities.
• Proven ability to work under pressure while juggling multiple tasks simultaneously.
• Strong problem-solving skills, including the ability to analyze current business problems and implement recommended solutions.
• MS Office (Word, Excel, PowerPoint, Outlook); Adobe Acrobat X Standard.
• Valid “G” driver's license with access to own vehicle.