National Director of Development (NDOD)

Sunda - Nashville, TN

Full-time - Senior

Nashville, TN

About the position

The National Director of Development (NDOD) will lead a best-in-class development function at Sunda LLC, focusing on enhancing the company's growth through strategic planning and execution. This role is pivotal in collaborating with both internal and external financial resources to create comprehensive financial models, including individual ROI and IRR models, and to engage in overall capital planning that spans multiple years. The NDOD will be responsible for site search and selection, negotiating business terms and structures, and managing lease agreements in conjunction with external legal resources. Additionally, the role involves building out cost projections based on historical data and real-time market research, ensuring quality control on projects, and overseeing the completion of punch lists and warranty visits for all development work. The NDOD will work closely with the CEO and executive team to plan, budget, analyze, and execute the company's business growth development plan. This includes leading the growth development plan from market analysis and site selection through to pro forma development, groundbreaking, and project completion. The NDOD will also enhance revenue through menu development, pricing strategies, and exploring ancillary business opportunities. Investor relations are a key component of this role, requiring the NDOD to foster new relationships with investors and ensure that projects are delivered on time and within budget, achieving expected sales projections. In addition to project management, the NDOD will oversee a complex real estate portfolio, focusing on delivering 2 to 3 new sites annually while managing ongoing oversight of all real estate assets. The position requires a strong analytical mindset, excellent project management skills, and the ability to communicate effectively with various stakeholders. The NDOD will embody the core values of Sunda New Asian and inspire others to fulfill the company's vision, ensuring that all development activities align with the company's strategic goals and brand execution.

Responsibilities

• Collaborate with financial resources to complete financial models and overall capital planning.
• Conduct site search and selection for new development projects.
• Negotiate business terms and structure, including Letters of Intent (LOI) and leases.
• Buildout cost projections based on historical results and market research.
• Implement quality control on projects and oversee punch lists and warranty visits.
• Manage project and contract management during buildout, leveraging internal and external resources.
• Oversee all professional services related to development, including contractors and legal resources.
• Evaluate and analyze Food and Beverage performance on a quarterly basis.
• Enhance revenue through menu development and pricing strategies.
• Foster new relationships with investors and manage investor relations.

Requirements

• A minimum of 10 years of relevant real estate and commercial construction experience.
• Demonstrated experience delivering projects on time and on budget.
• Experience in overseeing and developing multi-unit commercial properties.
• A blend of real estate and construction experience in retail or restaurants is highly preferred.
• A Bachelor's degree in construction, engineering, or a similar discipline.
• Strong Excel or Numbers spreadsheet skills.
• Ability to learn and work with third-party real estate analytics.

Nice-to-haves

• Experience with project management tools such as Gantt Charts.
• Strong presentation skills and the ability to communicate effectively with diverse audiences.
• Knowledge of market and competition in the real estate sector.

Benefits

• Competitive salary and performance bonuses.
• Opportunities for professional development and growth.
• Flexible work environment with potential for remote work options.