The Real Estate Team is a significant part of the growth engine of our company. We thrive on finding the best property and markets to expand our portfolio of Athletic Resort destinations. We work side by side with our Team Members in the Property Development group by leveraging continual collaboration throughout the life cycle of each project. When you join our team, you are joining a group of fun and talented people. We offer an incredible benefits package, generous club discounts, and a fully subsidized Signature Life Time membership.
Position Summary The Development Manager is the driving force of the Property Development Team that is responsible for growing and maintaining our network of luxury health and fitness destinations across the continental United States and parts of Canada. The Development Manager leads club acquisitions, tenant improvements, and ground-up development projects from initial feasibility to mobilization and supports the project from construction to turnover to operations. No two projects are the same, and the Development Manager is trusted to bring the right delivery strategy to each one and see it through to a best-in-class club opening.
Job Duties and Responsibilities
- Feasibility & Evaluation: Evaluates the feasibility of new club opportunities by completing preliminary due diligence, estimating project timelines, reviewing existing conditions, drafting work letters, and providing recommendations and negotiation assistance to the Real Estate team.
- Due Diligence: Leads and determines all due diligence scope for prospective sites, including title and survey review, geotechnical, environmental, structural, and zoning. Thoughtfully identifies, articulates, and proposes solutions to mitigate any potential project risks established during due diligence.
- Business Planning: Leads the internal cross-functional team through the Business Planning process by setting clear parameters and managing project timelines. Prepares and delivers concise presentations at stage gate meetings that drive effective decision making from leadership on scope, schedule, and budget.
- Consultant Budget and Contract Management: Directs planning and design professionals, drafts RFPs and manages contracts with zoning attorneys, consulting engineers, and landscape architects to ensure they are incentivized to stay on schedule and on budget.
- Entitlements & Approvals: Obtains all zoning and entitlement approvals and permits necessary for the construction and operation of Life Time clubs. Builds relationships with the community as a representative of the developer and operator through neighborhood meetings and local events. Represents and markets both the project and Life Time at governmental meetings, public hearings, and stakeholder meetings.
- Real Estate Agreements & Closings: Negotiates Work Letters, Site Development Agreements, and Declarations alongside the Real Estate Team. Tracks and manages contractual deadlines and deliverables once executed. Manages the real estate closing process, including contractual obligations and successful delivery of all closing documents for property purchases.
- Design Oversight: Regularly reviews design progress to ensure it aligns with the scope and budget set during Business Planning. Verifies design drawing schedule aligns with contractual dates and approvals timelines.
- Pre-Construction & Mobilization: Assist with ensuring scope is set for RFPs and contracting. Review and confirm project GIC for leadership approval prior to construction. Ensure all permits are in hand, fees are paid, and sellers/landlord's work is complete in time for mobilization.
- Construction & Turnover to Operations: Track scope, schedule, and budget changes through monthly OACs Meetings and provide report outs. Assist with resolving design, permit, or inspection issues. Coordinate with the new club operating team for a seamless transition into operations.
Position Requirements
- Bachelor's Degree in Real Estate, Civil Engineering, Construction Management, Urban Planning, or related field.
- 5-7 years of experience in commercial real estate, land development, or related field.
- Self-starter with a strong sense of determination
- Strategic thinker and problem solver
- Effective communicator and confident public speaker
- Leader and relationship builder
- Continuous learner that is adaptable to change
- Enjoys the agility of a fast-paced environment
- Proven track record of obtaining entitlements
- Experienced negotiator and contracts manager
- Ability to prioritize a broad set of responsibilities across many projects and processes
- Open to travel for site visits, stakeholder meetings, and public hearings. Usually no more than twice per month for 48 hours or less.
- This position is located at our Corporate headquarters in Chanhassen, MN. Remote candidates will not be considered.
Pay This is a salaried position starting at $105,000.00(or applicable minimum salary, if higher) and pays up to $145,000.00, based on experience and qualifications.
Benefits
All team members receive the following benefits while working for Life Time:
- A fully subsidized membership
- Discounts on Life Time products and services
- 401(k) retirement savings plan with company discretionary match (21 years of age and older)
- Training and professional development
- Paid sick leave where required by law
Full-time Team Members are eligible for additional benefits, including:
- Medical, dental, vision, and prescription drug coverage
- Short term and long term disability insurance
- Life insurance
- Pre-tax flexible spending and dependent care plans
- Parental leave and adoption assistance
- Paid time off, including 5 to 20 vacation days per calendar year (based on tenure) and paid sick leave
- Deferred compensation plan, if the team member meets the required income threshold
Life Time is a place for everyone. As an organization, we are committed to an inclusive, diverse and equitable workplace that respects and celebrates the unique contributions of each individual while ensuring we remain an equal opportunity employer that recruits, hires, trains and promotes based on merit and qualifications.