Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City’s diverse people and businesses.
Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.
Department Overview: The Asset Management Property Operations Department is responsible for protecting and enhancing the value of City-owned real estate assets and to serve the operational needs of tenant businesses. In addition, the Department collects lease and permit fee income revenue for EDC and assists EDC in the allocation of resources among its properties.
Position Overview: The Assistant Vice President (AVP) of the Public Markets Portfolio is responsible for overseeing the tenanting and day-to-day operations of the markets, as well as providing support to the Senior Associate managers at each market location. This role includes direct management of our flagship market, Essex Market. Responsibilities extend to managing existing leases and permits, negotiating new leases and permits, and overseeing both tenant- and EDC-led construction projects. The AVP is expected to think proactively and holistically about the portfolio, aiming to align with and fulfill the city's and EDC's goals.
The AVP will develop and maintain relationships with key stakeholders and the community. This role involves actively seeking new tenants and programming opportunities to enhance the portfolio. The AVP will also support the Vice President of Public Markets in documenting high-priority, portfolio-wide initiatives and inter-agency projects to better understand and identify potential new on-brand streams of revenue for the portfolio.
Essential Duties & Responsibilities:
- Manage a geographically and typologically diverse portfolio of leases, permits and property on behalf of the City of New York.
- Propose, develop and execute cross-portfolio strategies targeting double-bottom line and/or policy outcomes.
- Liaise with existing and potential new tenants to ensure that tenant goals are being met.
- Analyze potential changes to portfolio and develop recommendations for senior management.
- Proactively communicate, support and establish positive partnerships with all stakeholders (e.g. tenants, EDC management, City Hall and other government counterparties).
- Work with portfolio team to prepare annual revenue/expense budgets. Verify forecasted revenues for specific portfolio and utility reimbursement calculations.
- Serve as a key representative at all required venues to present project/asset performance, implemented strategies and thought leadership through case studies.
- Contribute to the development of Public Market Portfolio business, marketing and activation strategy which includes P&L management, site identification, capital investment, property marketing material needs, project timelines, etc.
- Manage procurement processes to identify new tenants and vendors.
- Contribute to the preparation of various contracts, requests for proposals (RFPs), and reports.
- Maintain extensive knowledge of all Public Market Portfolio assets, including but not limited to site capacity, leasing restrictions and availability, pricing, and site history.
- Work with marketing and community partners to develop asset specific property marketing toolkit, cataloguing all relevant site information.
- Serve as onsite point of contact.
- Respond promptly to all new inquiries.
- Other duties as assigned.
Requirements:
- An Undergraduate degree or equivalent in facilities management, property management, urban planning, real estate, business, event planning, marketing, hospitality, or a related field
- 5+ years of experience in market, building or restaurant management, management of staff and/or tenants with daily oversight of operations, commercial real estate community programming/community development, and/or economic development.
- Demonstrated verbal and written communication skills required in both English and Spanish, including the ability to present to a wide variety of audiences.
- Dedication to customer service, client coverage and community involvement.
- Ability to manage projects against tight timelines with a pro-active and collaborative style.
- Keen sense of urgency and responsibility to achieve deadlines and goals.
- Enterprising, resourceful, and results oriented.
- General computer skills. Aptitude for learning and applying various financial computer programs.
- Adapt well to changing priorities and circumstances.
- Ability to work well in the field with minimal oversight.
- Schedule flexibility, including nights and weekends as needed.
- New York City residence is required within 180 days of hire.
Salary Range
$95,000—$98,000 USD
About Us: New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city’s future economy.
NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives:
- Generous employer subsidized health insurance
- Medical, dental, and pharmacy plans
- Vision and hearing benefits
- Flexible spending accounts for healthcare and dependent care
- Short term and long-term disability coverage
- 100% employer covered life insurance and supplemental life insurance coverage
- Up to 25 vacation days
- Floating Holidays and Summer Fridays
- Parental leave - up to 20 paid weeks
- Retirement savings programs
- Company-paid 401(a) defined contribution plan
- 457(b) tax-advantaged retirement savings plan
- Tuition Reimbursement program
- Continuing education and professional development
- Public Service Loan Forgiveness (PSLF) eligible employer
- College savings plan
- Backup childcare
- Gym membership discounts
- A Calm.com membership for mindfulness and mental health support
- Employee discounts through Plum Benefits, Student Loan Servicing tools, and much more
Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization.
The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.
For more information, visit our website at edc.nyc.
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Last updated on Aug 9, 2024