HAYS are exclusively representing a Washington DC area headquartered Health Club who are looking to hire a Chief Development Officer (CDO). The CDO will lead the company's development strategy, focusing on expanding and optimizing new and existing locations to drive overall growth. This is a fantastic opportunity for a CDO with expertise in managing the development and construction of corporate fitness clubs, entertainment or big-box retail projects across multiple geographies simultaneously.
Core Responsibilities:
- Align development goals with the overall strategic vision of the company, working closely with the executive team.
- Supervise the VP of Real Estate and the VP of Construction, providing guidance and support to ensure alignment with company objectives.
- Ensure effective coordination between real estate acquisitions and construction projects.
- Guide the VP of Real Estate in conducting market research and site selection to identify high-potential locations for new clubs.
- Evaluate demographic data, market trends, and competition to inform site selection and development strategies.
- Lead property lease and purchase negotiations, ensuring favorable terms and smooth transaction processes.
- Manage and optimize the existing real estate portfolio, including lease renewals, relocations, and asset disposals.
- Oversee the development and management of budgets for real estate acquisitions and construction projects.
- Ensure cost-effective allocation of resources and adherence to financial plans.
- Perform ROI analysis and monitor financial performance of development projects.
- Develop and refine processes to enhance efficiency, accountability, and consistency across all development activities.
- Implement best practices for managing Capex and R&M budgets, project timelines, and compliance.
- Oversee the VP of Construction in all phases of construction including pre-construction design and planning, budgeting, competitive bidding, GC selection, adherence to club-build standards, project timing and project closeout.
- Identify potential risks and develop mitigation strategies to ensure successful project execution and all projects comply with local, state, and federal regulations.
- Utilize data and analytics to measure and report on key performance indicators (KPIs)
- Identify opportunities to reduce construction time and costs through data analysis.
- Maintain effective communication and alignment between all stakeholders, including senior leadership, real estate, construction, and external partners.
- Lead and mentor subordinates, fostering a culture of high performance and continuous improvement.
- Ensure that facility and equipment needs are addressed timely and affordably across all locations.
- Act as a cost-cutting advocate, seeking ways to drive efficiency and value engineer new club construction and existing club Capex & R&M.
To be successful in this role:
- Bachelor’s degree in Business, Real Estate, Finance, or Construction field.
- Minimum of 10 years of experience in real estate development, business development, or a related field. At least 5 years in an Executive or C-Suite position.
- Proven track record of successfully managing the development and construction of new build and renovation, 15,000 sq ft+ big-box retail or health/fitness clubs projects.
- Experienced in the development and construction of these project across multiple geographies simultaneously.
- Strong leadership and team management skills, with the ability to inspire and motivate a diverse team.
- Excellent strategic planning, analytical, and financial modeling skills.
- Exceptional negotiation, communication, and interpersonal skills.
- Live and be comfortable in coming to the DC area office at least 4 days a week with anticipated travel of 10-20% per month.
Compensation/Benefits:
- Base salary based on experience in the range of $300k - $400k, negotiable.
- Bonus package up to 40% of base salary.
- Equity package is on offer.
- 100% covered medical, dental and vision plan including family plans.
- 401K plan with a discretionary company match.
- Flexible and hybrid work environment including 1 day work from home.
- Company provided technology including phone and laptop.
- 4 weeks starting PTO plus company paid Holidays.
- Fitness and wellness membership included.
- If required, full relocation package will be provided but successful candidates will need to be present and local in DC.
What you need to do now:
If you meet the criteria and are interested in this Chief Development Officer position, click “apply” to forward an up-to-date copy of your resume, or call Scott Kinson now on 202-470-0641 for a confidential conversation.
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