Development Associate

About the Company

Terra is a Miami-based, award-winning real estate development firm known for selecting projects that create meaningful value for both the surrounding community and the people who live and work there. The company plays an active role with cities and neighborhoods to unlock development potential, encourage innovative urban and suburban growth, and shape how communities evolve.

Its portfolio spans more than five million square feet of residential and commercial real estate, with a value exceeding $8 billion. Terra operates across major asset classes such as multifamily housing, luxury condominiums, single-family homes, retail, office, hospitality, and industrial properties. The firm is recognized internationally for design quality, resiliency, and sustainable development, and has contributed to the growth of South Florida into a thriving metropolitan region.

Role Overview

The company is hiring a Development Associate to support the development team across multiple projects from early-stage planning through completion.

Key Responsibilities

• Assist the Development Manager in carrying the company’s project pipeline from concept through final delivery.
• Help oversee several development projects at different stages, working under the direction of the Development Manager.
• Coordinate with consultants and internal teams to gather documents needed for entitlements and building permits.
• Support underwriting work for proposed transactions involving existing assets and potential acquisitions, including gathering information and collaborating with the acquisitions team on financial models for costs, revenue, and returns.
• Work with internal stakeholders to clarify project needs, limits, design direction, and budget inputs.
• Help prepare project budgets, timelines, and execution plans covering entitlements, design development, and permit approvals.
• Identify project risks, build mitigation and contingency plans, and help implement corrective actions.
• Organize due diligence tasks, maintain checklists and files, and make sure work is completed on time and in line with contractual obligations.
• Coordinate market research and comparable analysis with finance, leasing, sales, and marketing teams.
• Support the selection and coordination of design consultants and assist with drawing preparation for budgeting, scope definition, and design development.
• Monitor project progress against targets, budgets, and schedules; report variances and coordinate corrective actions with accounting.
• Create and maintain project schedules, milestone tracking, and deliverable timelines for construction and design teams.
• Coordinate across operations, marketing, construction, asset management, IT, and accounting teams.
• Maintain project pro formas, including budgets, schedules, timing assumptions, market assumptions, and underwriting assumptions.
• Track project costs to help ensure spending stays within approved budgets.
• Prepare pre-development budgets and cash flow projections with finance and construction teams.
• Update monthly development reports for internal distribution.
• Run consultant meeting minutes, including architect/owner/contractor meetings before construction starts, and follow up on action items.
• Support branding and marketing coordination efforts.
• Handle permit coordination and support the process of securing approvals.
• Work with legal counsel to negotiate and finalize consultant agreements.
• Manage consultant contracts to ensure they align with schedule of values and contract terms, excluding marketing contracts handled by the marketing department.
• Maintain regular attendance and contribute to the company’s ongoing success.
• Take on additional duties, special assignments, and related responsibilities as needed.

Qualifications

Applicants should hold a bachelor’s degree in Architecture, Urban Planning, Economics, or Real Estate, and bring 2 to 4 years of experience in real estate development or architecture. Strong working knowledge of Bluebeam and Microsoft Project is required.

Benefits

• Opportunities for career growth and bonus potential.
• A comprehensive benefits package that includes medical, vision, and dental insurance, plus an FSA.
• Employer-covered life insurance and disability coverage.
• 401(k) with employer match.
• Team-building events for employees.
• Company-sponsored monthly lunches.
• Paid time off and paid holidays.

Additional Information

This is a full-time, onsite position based in Miami, Florida.