Assistant Vice President, Development

Asset Management Division Overview: 

The Asset Management (AM) division pursues a triple-bottom line strategy, targeting economic returns and multiple social metrics including job creation, and growing equitable neighborhoods; as well as ensuring a thoughtful approach to incorporating sustainable and resilient measures. The Development department partners with portfolio and asset managers to identify and advance redevelopment and repositioning opportunities for campus-scale assets managed by NYCEDC on behalf of the City, enhancing economic returns and reinforcing policy directives. Current focus areas include Manhattan Cruise Terminal, Brooklyn Marine Terminal, the Sunset Park campus (Brooklyn Army Terminal and Made in New York Campus), the Teleport Campus in Staten Island, and the Hunts Point Food Market. 

Position Overview:  

The Assistant Vice President (AVP), Development leads strategic development opportunities that reposition and transform assets with the AM portfolio. Reporting to the Senior Vice President of Development & Energy, the AVP directs multiple concurrent real estate development projects from inception through stabilization. 

The AVP serves as a core member of the Development team, managing every phase of the development process, including master planning, feasibility assessment, financial analysis, design and construction oversight, marketing, and asset stabilization. The role requires extensive cross-departmental collaboration within AM, as well as coordination across EDC divisions. 

Essential Duties and Responsibilities: 

• Build and maintain detailed development pro forma models, isolating key inputs, assumptions, drivers of investment returns, and economic impact.  
• Manage the procurement of architecture and engineering design and planning services for projects in pre-construction stage.  
• Coordinate across NYCEDC departments, including Strategy, Innovation Industries, Legal, Finance, Project Procurement Services, Contracts, and Government and Community Relations to ensure seamless execution of all assigned initiatives. 
• Lead multi-disciplinary project teams by setting direction, delegating work appropriately to junior staff, and offering targeted guidance to build team capacity and ensure quality outcomes.  
• Communicate preferred strategies and key decisions clearly to project stakeholders, ensuring alignment across internal and external teams.  
• Manage all project reporting obligations, including monthly status updates, weekly health scans, ad hoc analyses, and annual Capital and Expense budgets and prepare clear, concise briefings for senior leadership and City Hall that communicate project purpose, progress, challenges, and recommended next steps. 
• Manage recurring reporting obligations including monthly project status updates, annual Capital and Expense budgeting, weekly and ad hoc project health scans. 
• Prepare updates for senior leadership and City Hall that effectively communicate project purpose, progress, challenges, recommendations and next steps.    
• Engage with external stakeholders, including government agencies, community groups, and private sector investment and development partners to advance project goals and build alignment.  

Qualifications: 

• Bachelors degree in Urban Planning, Real Estate, Business Administration, Public Policy, or a related field. Masters degree preferred in similar fields 
• At least 6 years of experience in urban planning, real estate development, city government, real estate asset management, or a related field 
• Familiarity with urban development, economic development, real estate transactions, ground leases, space leases and purchase and sale contracts 
• Proficiency in real estate financial modeling including modifying existing Microsoft Excel pro formas and building new models for ad hoc analysis 
• Demonstrated ability to communicate complex information clearly in writing and verbally, including PowerPoint presentations, executive memos, and emails.  
• Proven project management skills, including the ability to prioritize competing needs and opportunities, and manage multiple concurrent projects while maintaining attention to detail 
• Ability to work both independently and collaboratively, with strong initiative, adaptability and follow-through  
• Demonstrated experience with real estate development practices, preferably specific to NYC agency processes, and an interest in economic development and planning 
• New York City residence is required within 180 days of hire