Director of Development & Capital Projects
hace 3 días
New York
The Problem Blue Hour is Solving America is facing a workforce housing crisis. We're short 4-7 million homes, and the people who keep our communities running are bearing the cost. Teachers commute two hours each way. Nurses sleep in their cars between shifts. Resort towns can't staff restaurants because workers can't afford rent within 50 miles. Factory employees choose between housing and other necessities. When essential workers can't afford to live near their jobs, everyone loses. Employers struggle to retain talent. Communities lose the people who make them function. And workers sacrifice their financial security, their time with family, and often their health just to stay employed. About Blue Hour Housing Blue Hour Housing is tackling this crisis head-on. We develop and manage high-quality, affordable workforce housing through partnerships with employers, nonprofits, and government agencies. Using adaptive reuse, strategic renovations, and new construction, we're creating housing solutions where they're needed most. We've proven the model. Today we operate properties across Vermont, Connecticut, Colorado, Maine, and South Carolina, partnering with employers such as Vail Resorts, Killington Resort, and Climax Molybdenum. Now we're scaling nationally to reach the communities and workers who need us most. The Opportunity This is a founding-level development and construction role at an emerging platform. You will own the full project lifecycle — from early diligence and capex underwriting through GC management, renovation delivery, and operational handoff — across a growing portfolio of projects in markets across the country. You will be the primary owner-side brain on all capital projects: assembling the right consultants for each deal, making fast and accurate budget estimates before full plans exist, keeping projects on schedule and on budget, and building the systems and playbooks that will support Blue Hour's growth. This is not a siloed construction role. You will work closely with the acquisitions, asset management, and operations teams. The right person thinks like an owner: commercially minded, scrappy, organized, and energized by a fast-moving entrepreneurial environment. What You Will Do Capex Underwriting & Diligence o Build preliminary construction budgets from site visits, floor plans, and photos — before full architectural plans exist — to support deal underwriting o Assess zoning and entitlement risk on potential acquisitions; coordinate with local land use counsel and municipalities as needed o Evaluate scope of work, site conditions, and building systems on potential acquisitions; identify red flags and hidden costs Project Execution o Manage a mixed portfolio of project types simultaneously — including large-scale hotel and motel conversions, apartment complex renovations, and small multifamily / single-family renovations — bringing the same rigor and accountability to a $100,000 renovation as a $10M conversion o Assemble and manage the third-party project teams (GC, architect, MEP engineers, FF&E vendors) o Run the bidding and contractor selection process; negotiate scopes, contracts, and pricing o Manage all active renovation and conversion projects — tracking budgets, schedules, change orders, and milestones across a concurrent portfolio o Conduct site visits including bid walks, preconstruction walks, progress visits, and punch list closeouts o Identify and resolve issues proactively; escalate to leadership with clear options and recommendations Reporting & Systems o Keep leadership informed through a clear, consistent internal reporting cadence on budget exposure, schedule risk, and project status o Build and maintain the capex catalog, FF&E standards, and renovation playbooks that enable Blue Hour to move faster and more consistently as the portfolio grows o Own the project management infrastructure — trackers, checklists, closeout documentation — and continuously improve it What You Bring o You have 5+ years in real estate development, construction management, or owner's rep roles — with direct experience managing renovations, conversions, or value-add projects as the owner-side lead o You have done hotel-to-residential conversions, multifamily repositioning, or similar adaptive reuse work — or you've managed a diverse portfolio of concurrent smaller projects and can translate that experience quickly o You can build a construction budget from a floor plan and a site visit, not just from a full set of drawings o You are deeply organized – you manage multiple projects simultaneously without dropping balls, and you build systems to keep others aligned o You think commercially — you understand the relationship between construction cost, project timeline, and investment returns, and you make decisions with that lens o You are comfortable with ambiguity and operate well without a large internal support team; you know when to escalate and when to just solve it o You have strong written and verbal communication skills; you can run a meeting with a GC and then write a clear project update for an investor o You are energized by an entrepreneurial environment What Sets You Apart o Owner’s Instinct: You move fast without losing the details. You can build a credible budget from a floor plan and a site walk, manage multiple concurrent projects without dropping balls, and still write a clean update for a capital partner at the end of the week. o Resourceful & Self-Directed: You’ve been the only construction person in the room and figured it out. You know when to dig in yourself, when to call the right consultant, and when to escalate — and you don’t need a large support team to do good work. o Commercially Minded: You think about construction through the lens of the deal. You understand how schedule, scope, and cost decisions affect returns, and you make tradeoffs accordingly. You’re not just executing — you’re solving. o Builder, Not Just a Doer: You build processes that endure. Whether it’s a capex catalog, a GC scorecard, or a renovation playbook, you create systems and documentation that make the next project faster and the next hire easier. Employee Benefits o Base Salary: $125,000-145,000 based on experience o Equity ownership o Eligibility to participate in fund-level carried interest o Performance-based bonuses o Comprehensive health benefits package o Flexible work location with proximity to major airports (current team based in NYC) o Unlimited paid time off (PTO) At Blue Hour Housing, we value diversity and are committed to creating an inclusive environment for all employees. We encourage qualified candidates of all backgrounds to apply. Note: This job description is intended to convey information essential to understanding the scope of the position and is not exhaustive. Responsibilities and duties may change as the needs of the organization evolve.