The Howard Hughes name is synonymous with an unrelenting passion for excellence. While his achievements in aviation and on the silver screen are legendary, it was his investments in real estate that form the foundation of our company. With passion, determination, and limitless imagination, he built one of the great American empires of the 20th century.
Today, our company carries forward the collective legacy of four innovative placemakers-James Rouse, George Mitchell, Victoria Ward, and Howard Hughes-who transformed the idea of what a community can be, envisioning a self-sustaining ecosystem that prizes inclusion, conservation, and innovation and fosters a strong social fabric to improve the lives of all residents, consumers, and tenants.
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Dedicated to innovative placemaking, Howard Hughes owns, manages, and develops award-winning large-scale master planned communities and mixed-use developments including Downtown Columbia® in Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin® in Las Vegas; Teravalis ™ in the Phoenix West Valley; and Ward Village® in Honolulu, Hawa i'i .
At Howard Hughes, our mission is to help people discover new ways of experiencing life. We aspire to be the most creatively driven real estate company and are committed to a culture that fosters curiosity and empowers every employee to find their story in this great organization.
About the Role:
We are seeking a Senior Vice President, Real Estate Development to join our Houston Region team in delivering projects within The Woodlands, Bridgeland, and The Woodlands Hills. The SVP of Development will lead commercial developments in the region from inception through completion, ensuring that each development represents the company's interests and meets or exceeds the financial goals of the project. This position will be responsible for the schedule, cost, revenue, and performance of projects under their direction. The ideal candidate will have experience managing and executing all project tasks related to a project's successful completion including the financial modeling, planning, design, permitting, sales/leasing, marketing, and close-out of the developments The SVP will also be responsible for managing and nurturing development team members, fostering their growth and career development.
The selected candidate will have the ability to effectively manage internal and external teams of staff and consultants to achieve a project's success while simultaneously building a positive company reputation with all team members and within the community.
What You Will Do :
Strategic Planning:
- Develop and implement strategic plans for commercial development throughout our Houston Region Master Planned Communities.
- Identify and evaluate new development opportunities.
- Align development projects with the company's long-term objectives.
- Assist with the master planning of large-scale commercial districts within our communities.
Project Development:
- Evaluate design alternatives, reviewing options with appropriate Design, Construction, Leasing/Sales and Development staff.
- Coordinate and arrange broad scope due-diligence and feasibility studies, as required, utilizing appropriate consultants where necessary to determine market characteristics and critical attributes of the physical site, as they relate to revenue and cost projections.
- Evaluate on an ongoing basis the timing of each prospective development and determine which projects should receive maximum attention, based upon the potential profitability of each project at any point in time.
- Review and analyze projects throughout the country with similar characteristics in order to determine and improve upon the key components of a successful development.
- Ensure projects are delivered on time, within budget, and meet quality standards.
Financial :
- Evaluate and establish project objectives to maximize the use of the property and the return on investment.
- Work with in-house staff, develop, evaluate, and refine the project pro forma.
- Facilitate, support and monitor the Sales/Leasing effort to ensure that project development and financial objectives are satisfied.
Relationship Management :
- Develop relationships with key political figures, including County, Township, Design Review Boards, etc.
- Represent the company and make presentations to Design Review Boards, AHJs and community groups.
- Represent the company at industry events and networking opportunities.
- Build and enhance the company's reputation, creating brand awareness and a reputation for quality developments.
- Collaborate with various internal shared services, such as design, construction, marketing, risk management, legal, accounting, leasing, and sales.
Team Leadership & Management:
- Lead, mentor, and develop a high-performing development team.
- Foster a culture of continuous learning and professional growth.
- Conduct performance evaluations and provide constructive feedback.
- Identify training and development needs and create opportunities for team members' career advancement.
About You:
- Bachelor's Degree with an emphasis on finance, engineering, design, planning, or construction. Graduate degree preferred.
- Minimum 15 years' experience with office, retail, mixed-use, high-end multifamily or condo development.
- Solid understanding of the principles of real estate development, design, finance, and construction.
- Experience in development of significant real estate projects greater than 200,000 sq. ft. in size and/or $50M in total costs, with preference for experience in mixed-use, multi-family and retail projects.
- Proven experience to evaluate the costs, risks, and benefits of alternatives to resolve problems and make decisions.
- Ability to make timely, fact-based decisions that balance analysis with decisiveness.
- Sustained track record of effectively communicating across an organization and in driving results.
- Embrace Internal & External Customer Partnerships…ensure a level of trust, respect, and strong relationship-focus with government officials, citizen groups and internal team members.
- Has a proven track record in recruiting, managing and developing talent
- Innovation and Self-Direction (Relying upon a significant background of relevant experience and best-in-class practices, operates with innovation in driving unique solutions and is comfortable with self-direction and managing through ambiguity).
- Strong organization and attention to detail skills.
- Exceptional communication skills both verbal and written.
- Good problem solving/creative thinking.
- "Can-do" attitude, pro-active and resourceful.
- Multi-tasking and extensive organization and follow up.
- Must have excellent organizational skills and the ability to prioritize.
- Must be able to work in a team oriented, fast-paced environment and work under pressure.
- This position is on-site in The Woodlands, TX.
This job description is not meant to be an "all-inclusive" list of the duties and responsibilities of this job. Other related duties and responsibilities may be assigned. Howard Hughes reserves the right to change or modify job duties as necessary based on business necessity.
NOTICE TO THIRD PARTY AGENCIES
Please note that Howard Hughes does not accept unsolicited resumes from recruiters or employment agencies. In the absence of a signed Recruitment Fee Agreement, HHH will not consider or agree to payment of any referral compensation or recruiter fee. In the event a recruiter or agency submits a resume or candidate without a signed agreement for any role, HHH explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Howard Hughes.