Vice President, Manhattan, Commercial & Industrial at New York City Economic Development Corporation

New York, New York, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Real Estate, Economic Development, Commercial Real Estate, Industrial Real EstateIndustries

Requirements

Dynamic and strategic leader experienced in managing and leading large real estate portfolios through development, repositioning, and stabilization
Ability to navigate multifaceted stakeholder environments
Experience driving operational excellence and leading transformative projects

Responsibilities

Lead the development and execution of a comprehensive strategic vision for the Manhattan Portfolio, ensuring alignment with NYCEDC’s broader goals of economic development, sustainability, and community impact
Oversee all aspects of the portfolio, including strategic planning, development, and operations, to maximize its economic potential and community benefits
Evaluate and execute opportunities for redevelopment within the portfolio, planning for RFPs and/or capital projects to modernize, expand, or reposition assets, including developing financial underwriting and managing team members in building financial models
Manage the cadence of asset management duties, including consistent tenant communications, monthly portfolio meetings to reconcile management budgets, review lease pipelines, plan for lease expirations, evaluate tenant financial reports, manage arrears and collections, investigate insurance issues, advise on ongoing litigations, and other regular asset management tasks
Direct the preparation of various contracts, requests for proposals (RFPs), and reports according to company and management expectations and guidelines, and consult with Senior Management regarding preparation of key correspondence and investment memoranda
Develop and implement a strategic leasing plan to optimize occupancy and revenue across the portfolio
Cultivate strong relationships with current and prospective tenants, ensuring high satisfaction and retention rates
Negotiate lease agreements and manage tenant relations to align with NYCEDC’s objectives and community needs

Skills

Key technologies and capabilities for this role

Real Estate Portfolio ManagementAsset ManagementCapital PlanningDevelopmentRepositioningStabilizationStakeholder ManagementStrategic Leadership

Questions & Answers

Common questions about this position

What is the salary for the Vice President, Manhattan, Commercial & Industrial role?

This information is not specified in the job description.

Is this Vice President role remote or based in a specific location?

The role is based in Manhattan, New York City, overseeing the Manhattan Portfolio which includes assets like 42DP, the Seaport, and Zero Irving.

What key skills and experience are required for this Vice President position?

The role requires experience managing and leading large real estate portfolios through development, repositioning, and stabilization, navigating multifaceted stakeholder environments, strategic planning, financial underwriting, building financial models, and driving operational excellence.

What is the company culture like at NYCEDC for this role?

NYCEDC focuses on inclusive innovation, economic growth, sustainability, and community impact, with the Asset Management Division linking policy goals to full life-cycle management of diverse real estate and transportation assets.

What makes a strong candidate for the Vice President, Manhattan role?

A strong candidate is a dynamic strategic leader with experience in real estate portfolio management, stakeholder navigation, financial modeling, and leading transformative projects aligned with economic and sustainability goals.

New York City Economic Development Corporation

Supports community development and job creation

About New York City Economic Development Corporation

New York City Economic Development Corporation focuses on enhancing the economic landscape of New York City by collaborating with local communities. The organization implements various initiatives aimed at developing industries and businesses, which in turn helps to create quality job opportunities. Their approach includes offering training and skill-building programs to equip residents with the necessary tools for employment. Additionally, they invest in essential infrastructure to support these efforts. Unlike other organizations, their mission is specifically centered on community engagement and public investment, ensuring that the benefits of economic development are felt at the neighborhood level. The ultimate goal is to foster strong, vibrant communities through sustainable economic growth.

New York City, New YorkHeadquarters

1991Year Founded

VENTURE_UNKNOWNCompany Stage

Government & Public Sector, Social ImpactIndustries

501-1,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

401(k) Retirement Plan

401(k) Company Match

Tuition Reimbursement

Professional Development Budget

Wellness Program

Gym Membership

Backup childcare

Flexible Work Hours

Employee Discounts

Risks

Competition from cities like Los Angeles could attract businesses away from NYC.

Maintaining long-term partnerships is challenging, as seen in delayed projects.

Rising demand for tech talent may increase costs for NYCEDC's initiatives.

Differentiation

NYCEDC partners with NYU-led incubators to foster innovation since 2009.

The Pilots at BAT program integrates climate innovation into urban development projects.

NYCEDC collaborates with OpenAI to enhance NYC's AI startup ecosystem.

Upsides

Digital game design incubators attract tech talent and foster innovation in NYC.

Partnership with OpenAI positions NYC as a hub for AI startups.

Atlantic Aviation's agreement extension boosts eco-friendly transportation initiatives.

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