Job Type
Full-time
Description
The Vice President of Development for Torque Motor Suites will lead Torque Suites expansion in the Midwest and Southwest markets by integrating into existing Torque team/projects and identifying, underwriting, and executing new development opportunities. The ideal candidate brings both visionary leadership and a results-driven approach to creating transformative properties that reflect Torque’s unique lifestyle brand. This role focuses on big-picture strategy, financial viability, and the selection and management of third-party partners to handle design, construction, entitlements, and zoning approvals.
Success Metrics:
- Develop and sell 100 Torque Units in 2026 and 100 Torque Units in 2027.
- Maintain pipeline of viable development sites to meet Torque sales objectives.
- Deliver company stipulated net profits for new Torque developments.
- Lead delivery of development of Torque projects and approvals within approved budgets and schedules established for each project.
- Responsible for timely completion of financial budgeting/reporting and action steps to ensure results.
Key Responsibilities:
- Collaborate with company leadership to set and execute the Torque business unit strategy.
- Build and lead a high-performing Torque team that is results-focused by strong leadership and mentoring and setting clear expectations.
- Ensure adequate supply of development sites.
- Determine highest-and-best site layout and phasing for each Torque development.
- Shape the development vision (product and design) for each project in line with the Torque brand and regional market needs.
- Oversee feasibility studies and financial modeling for each potential Torque site for go/no go recommendation.
- Oversee initial proforma modeling and ongoing updates that account for costs, timelines, and return scenarios for each Torque development.
- Hire, negotiate with, and oversee third-party architects, engineers, and construction firms to execute each project vision.
- Select and manage land use attorneys, zoning consultants, and entitlement professionals to navigate local approvals.
- Ensure all consultants and contractors are aligned with project objectives, timelines, and Torque’s brand standards.
- Represent the company in community meetings, city hearings, and public forums as needed.
- Coordinate design reviews, permitting processes, and compliance with local regulatory agencies.
- Lead monthly project by project financial reporting.
- Oversee the sales operation to ensure results are aligned with Success Metrics.
- Oversee the finalization of purchaser agreements, closing documents and the closing process for seamless execution.
- Lead the Torque team to support the Company’s Culture initiatives.
Requirements
Experience and Qualifications:
- 15+ years of experience in real estate development, with a focus on site planning, land development, entitlements, and third-party vendor management.
- Proven track record of delivering projects by hiring and managing internal and external teams.
- Experienced in real estate financial modeling and market evaluation skills.
- Experience managing and negotiating contracts with third-party design, engineering, and construction partners.
- Understanding of entitlement and zoning processes in multiple jurisdictions.
Core Competencies:
- Creative problem-solving and land use planning expertise.
- Strong communication and leadership skills, especially when coordinating external vendors and public agencies.
- Ability to make decisions from an owner’s perspective.
- Highly organized and ability to manage multiple projects simultaneously.
- Prefers a rapid-paced, stimulating work environment. Tolerates uncertainty and ambiguity.
- Thrive on unlocking the potential of land and reimagining what’s possible through development.
- Ability to connect – bringing together the right team for each project and keeping them aligned.
- Enjoy the creative and political challenge of getting developments approved/moving forward.
- Travel as needed to support Torque Success Metrics.