Vice President of Development
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.