Head of Real Estate Development

$100,000 - $150,000/Yr

Unclassified - Dallas, TX

Full-time - Mid Level

Remote - Dallas, TX

About the position

Brain Storm Shelter Restaurants, LLC is seeking a Head of Real Estate Development to oversee the operation of vibrant, high-energy restaurants and beer gardens across Texas and the South. This role is crucial in assessing the full real estate and development process, creating schedules to ensure correct lease terms, meeting corporate development goals, and managing overall venue development. The successful candidate will work closely with the FP&A team to create models for required budgets and SG&A support, defining and executing the overall strategic plan related to store growth. This includes developing annual targets, goals, and business plans that align with the strategic vision of the company. In this position, you will manage and build relationships with landlords, developers, and third-party brokers/vendors, cultivating productive and strategic long-term partnerships. The role requires a proactive approach to real estate strategy, including new store site selection, relocations, lease renewals, and asset management. You will be responsible for preparing comprehensive analyses for each proposed location, reflecting all economic, real estate, and legal issues pertinent to the lease, including return on investment. Additionally, you will facilitate all aspects of the lease or purchase process through the store opening in partnership with Legal, Finance, and Store Operations departments. The Head of Real Estate Development will also oversee design, procurement, and permitting processes, ensuring that all projects are completed on time and within budget. This includes evaluating previous build lessons learned, reviewing build costs, and managing the bidding and construction phases. You will coordinate with architects, contractors, and internal teams to ensure that all projects meet the company's standards and objectives. The role demands a significant amount of travel within the region, as well as the ability to work non-typical hours, including evenings and weekends, to meet the demands of the business.

Responsibilities

• Utilize existing venue results/demographics to create priority markets to visit and develop a market-specific plan.
• Evaluate and determine needs following meetings with national brokers.
• Develop a brand growth strategy focusing on target markets, geography of existing operations, and appealing locations.
• Create a brand deck for soliciting potential landlords and introducing them to the business.
• Handle LOI process, work letters, market comps, and TI reimbursement.
• Evaluate financials and present for the Real Estate Committee's go/no-go decision per property.
• Review and negotiate leases with landlords; create lease abstracts.
• Develop and execute real estate strategy, including new store site selection, relocations, lease renewals, and asset management.
• Prepare real estate site packages including comprehensive analyses (Pro Forma) for each proposed location with the VP of Finance.
• Manage all aspects of purchase or lease negotiations and administration, working closely with the legal team.
• Evaluate previous build lessons learned to create the best prototype.
• Review build costs, change orders, schedule overruns, and operations feedback.
• Perform RFP for new architects and provide design oversight and management.
• Coordinate owner vendors into architect designs and evaluate the current procurement process.
• Lead architectural and design teams through the entire design process from inception to turnover and ongoing support.
• Set up agreements for professional services, permanent material procurement, contracts, and subcontracts.
• Manage the entire construction process from feasibility, planning, design, permitting, zoning, contractor selection, and project management and closeout.

Requirements

• BA/BS Degree or equivalent work experience.
• 2+ years of experience managing effective vendor relationships.
• Ability to travel significantly within the region.
• Ability to work non-typical hours (evenings & weekends).
• Working knowledge of MS Office Suite and computers.
• Ability to effectively present information to top management and public groups.

Nice-to-haves

• Real Estate License (Required)
• Experience in sales (1 year preferred)
• Ability to relocate before starting work (Preferred)
• Willingness to travel (75% preferred)