NYCEDC's Asset Management Division manages real estate properties and non-traditional assets across all five boroughs of New York City. The Asset Management Revenue division pursues a double-bottom line strategy, targeting not just economic returns b... Read More
NYCEDC's Asset Management Division manages real estate properties and non-traditional assets across all five boroughs of New York City. The Asset Management Revenue division pursues a double-bottom line strategy, targeting not just economic returns but also multiple social metrics including, but not limited to, job creation, sustainability, thrive in place, affordability and cultural vitality. The assets are divided into multiple portfolios, each managed by a Portfolio Manager, with a Portfolio Surveillance group that monitors and enforces standards and practices across the division. The division-wide portfolio encompasses all property types including those that are standard in the real estate industry (Office, Retail, Multi-Family, Industrial) with individual Portfolio Managers also managing assets particular to the public sector and public/private partnerships (Maritime, Public Markets, Cultural Assets, Transportation Assets, Ferry and Cruise Portfolios).
The goal for the public retail markets is to achieve the City's double bottom-line goals by: providing small business assistance to vendors, allowing them to thrive in place (anti-gentrification); promoting the market's unique history and role in the community to create a city-wide destination; providing access to affordable, healthy and diverse food options; and connecting the markets and vendors to the surrounding communities through events, programming and partnerships with local community stakeholders.
Reporting to the Executive Director of Markets in the Retail & Markets portfolio of EDC's Asset Management Division, the position is responsible for the day-to-day management and programming of Moore Street Market in Brooklyn, NY. Responsibilities include on-site management of porters and security staff, liaising with appropriate maintenance and marketing staff, interfacing with existing and potential tenants/vendors (including managing tenant/vendor relations and enforcing Market rules), attracting and developing new business and community-based programs, fostering community relationships and curating on-site cultural and promotional activities, as well as assisting with leasing/permitting activities and performing some lease administration duties.
This position requires fluency in both English and Spanish. The position will report to two separate locations: one to two days per week at NYCEDC's headquarters in downtown Manhattan and the (including some weekends) at the Moore Street Market office in Brooklyn, NY.
This position will be responsible for all aspects of management, tenanting and cultural programming associated with the City's Moore Street retail market, which includes a public retail market building, a commercial kitchen building, a food incubator and bakery, a garden center, and a public plaza.
Market Management – The position will be responsible for daily market management at Moore Street.
This person will help identify marketing opportunities and generate ideas for events and programming at market. The ideal candidate will ensure plans are shared and communicated to all stakeholders so that market events and market operations are seamless in execution. This requires leadership, strong communication and at-market participation to help implement events and programming at market. It also requires off-site meetings at NYCEDC. Provides on-site communication between Market tenants/vendors and NYCEDC and ensures tenant/vendor compliance with Market rules, regulations and permits/leases. Establishes and maintains all record keeping necessary to ensure tenant/vendor compliance. Work with Legal Department to ensure that tenant/vendor compliance is appropriately enforced. Check in weekly with Executive Director of Markets to resolve market issues and plan events and programming.
Programming and Community Relations – Generate a market programming schedule. Effectively plan, set-up and implement events at market. Provide on-site customer service, liase with vendors and vested interests to execute events and programming at the market. Conduct outreach to create and grow connections between La Marquet and the surrounding neighborhoods, including but not limited to, developing cultural event programming and the curation of vacant spaces within the market. Assists with the development and implementation of marketing efforts and other special events, including assisting, as directed, in obtaining goods and service required to execute such marketing efforts. Work with marketing department at NYCEDC to ensure branding, signage and promotional materials are on message. Be present at all marketing and special events at Moore Street Market and host such events, regardless of the days of the week or hours of the day such events take place. Participate in local community and economic development meetings and panels regarding retail at Moore Street Market.
Leasing – Acts as the on-site liaison for prospective tenants/vendors and leasing/permitting operations. Maintains vacancy availability listings for distribution to brokers and others. Maintains NYCEDC's website with accurate information of current vacancies and other relevant content. Lead the recruitment of potential tenants, licensees, permittees, operators and/or concessionaires, which may include the development of Requests for Expressions of Interest (RFEIs) or Requests for Proposals (RFPs). Negotiates leases, licenses, permits, operating agreements and concessions, including specific deal terms, preparation of term sheets, proposals and counter proposals.
Tenant Management and Relations – Interfaces with tenants, licensees, permittees, operators and/or concessionaires on all aspects of their agreements with the City and/or EDC, including rental payments, arrears, insurance, tenant improvements, inspections, defaults, billing disputes, etc.
Legal and Due Diligence – Liaises with assigned attorneys for all pending transactions. Reviews negotiated term sheets and communicates relevant information to attorneys for lease/permit drafting. Insures that all legally and EDC-required documents are submitted for review and approval. Manages the procurement process for offering space, including working with the legal, contracting, and marketing departments and arranging tenant/vendor interviews. Manages internal background investigations process. Assists with credit analyses of prospective tenants/vendors.
Budget and Forecasting – Assists in the preparation of quarterly revenue and expense budgets for assigned assets, including forecasting revenues, utility reimbursements, credits, etc.
Operations and Maintenance – Diagnoses maintenance and repair problems and initiates appropriate actions. Works with Asset Management's Operations group to coordinate repairs, maintenance, improvements, and tenant/vendor compliance. Ensure tenant fit-out is in compliance with terms of lease, permit and building guidelines. Responds to emergencies as required on a 24/7 on-call basis.
Undergraduate degree or equivalent in facilities management, property management, urban planning, real estate, business or a related field.
2-5 years of experience in building management, commercial real estate, community programming/community development, and/or economic development.
Excellent 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.
Strong sense of urgency and responsibility to achieve deadlines and goals. Enterprising and resourceful, results oriented. Ability to manage projects against tight timelines with a proactive and collaborative style that works well in teams.
General computer skills. Must have aptitude for learning and applying various financial computer programs.
Adapts well to changing priorities and circumstances.
Ability to work well in the field with minimal oversight.
Highest degree of independent judgment, ability to identify and respond to work and circumstances as required without oversight and the ability to generate and implement new ideas.
Knowledge of retail/public markets.
Demonstrated experience in community/event programming.
Food industry knowledge preffered.
New York City residency is required within 180 days of hire.
The New York City Economic Development Corporation is the City's primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC's mission is to stimulate job growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City's competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City's many opportunities. Additional information on NYCEDC can be found by visiting http://www.nycedc.com.
Our Diversity & Inclusion Mission is to attract, retain, and engage a diverse workforce comprised of talented people. 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. NYCEDC employees work as part of a highly engaged, passionate and inclusive team where everyone's contributions are valued, respected, and have an impact on one of the best and most diverse cities in the world!
The New York City Economic Development Corporation is an Equal Opportunity Employer. NYCEDC offers excellent benefits, including company-paid 401 (a) pension plan, 457(b) tax-advantaged retirement savings plans, medical, dental and vision benefits, and discounted gym memberships and movie tickets.