Development Manager | Real Estate Development

Location: The Loop, ChicagoWork Schedule: Hybrid, with 2 to 3 days working from home per weekBase Salary: $150,000 to $175,000Bonus: 25% targetAdditional Incentive: Project profit sharingPTO: 4 weeksThe OpportunityFlowtec is partnered with an established Chicago-based real estate developer and owner seeking a Development Manager to join its team in the Loop.This is an excellent opportunity for an experienced construction professional to transition from a General Contractor into the development side of the industry.

You will use your construction knowledge to oversee the GC and delivery process while gaining meaningful exposure to acquisitions, design, entitlements, financing, leasing and the wider development lifecycle.The company develops, owns and operates a diverse portfolio of multifamily, mixed-use and hospitality projects. As Development Manager, you will represent the ownership group from initial planning through construction, turnover and stabilization.This is not a position where you will simply monitor reports from a distance. You will work closely with senior leadership, influence major project decisions and take genuine ownership of each development.What You’ll DoManage multifamily, mixed-use and hospitality developments from predevelopment through construction, closeout and stabilizationRepresent the owner throughout design, preconstruction and constructionOversee General Contractors, architects, engineers, consultants and other project partnersReview conceptual budgets, estimates, GMP proposals, schedules, contracts and procurement strategiesEvaluate design documents for constructability, value engineering and alignment with the project’s business planLead owner, architect and contractor meetingsMonitor project budgets, schedules, change orders, cash flow and financial performanceIdentify project risks early and develop practical solutions with the project teamCoordinate permitting, entitlements, utility requirements and municipal approvalsSupport due diligence and feasibility analysis for potential acquisitions and new developmentsPartner with internal acquisition, finance, asset-management, leasing and operations teamsManage the transition from construction into occupancy, hotel operations or residential stabilizationProvide clear reporting and recommendations to senior leadership and investment partnersHelp improve internal development processes as the company expands its portfolioWhat We’re Looking ForApproximately 5 or more years of commercial construction experienceStrong preference for candidates currently working for a General Contractor as a Project Manager, Senior Project Manager or Project ExecutiveExperience delivering multifamily, mixed-use, hospitality or comparable ground-up developmentsStrong understanding of preconstruction, estimating, contracts, scheduling, procurement and project financialsAbility to review drawings, challenge assumptions and hold General Contractors and consultants accountableCommercial mindset with an interest in understanding how developments are sourced, financed, designed, built and operatedStrong communication and relationship-management skillsAbility to balance detailed project execution with broader investment and development objectivesBachelor’s degree in construction management, engineering, architecture, real estate or a related discipline preferredDirect development experience is helpful but not required. The company is specifically open to someone with a strong General Contractor background who wants to move into development and learn the broader real estate business.Why Consider It?Make a genuine transition from construction management into real estate developmentJoin the developer and ownership side rather than acting solely as a third-party contractorWork across multifamily, mixed-use and hospitality projectsGain exposure to the complete development lifecyclePartner directly with senior leadership and key decision-makersInfluence projects from early feasibility and design through construction and operationsHybrid schedule with 2 to 3 days working from home each weekBase salary of $150,000 to $175,000Target bonus of 25%Project profit-sharing opportunityFour weeks of paid time offLong-term growth potential as the portfolio and development pipeline expand