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: To create shared prosperity across New York City’s five boroughs by strengthening neighborhoods and growing good jobs.
NYCEDC’s Asset Management Revenue (AMR) Division manages the overall strategy for conventional and non-traditional assets across all five boroughs of New York City including commercial real estate properties as well as transportation, critical infrastructure, and energy assets. 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 and growing equitable neighborhoods. The overall assets are divided into multiple portfolios, each managed by a VP or SVP, with a Portfolio Surveillance group that monitors and enforces standards and practices across the portfolio. The division-wide portfolio encompasses all property types including those that are standard in the real estate industry (Retail, Mixed-Use/Commercial, Industrial, etc.) with individual Portfolio Managers also managing assets particular to public sector and public/private partnerships (Transportation assets including Ferry, Cruise, Freight/Rail, and Aviation, Retail and Market assets, Cultural, Industrial and Commercial assets). In fiscal year 2018, the department actively managed over 220 properties and over 64 million square feet at a 94% occupancy rate, generating more than $240 million in revenue.
Essex Street Market has been a cornerstone for the Lower East Side since 1939. The Market is more than just a place to buy something to eat; it’s a community hub infused with the energy of the vendors, the devotion of the employees, and the loyalty of the neighbors. The goal for the public retail markets is to achieve the City’s double bottom-line goals by creating a world class destination for both local and global visitors, preserving each market’s authentic cultural heritage and allowing them to thrive in place (anti-gentrification); and providing access to affordable, healthy and diverse food options.
Essex Market is one of New York City’s most historic food retail institutions. The New Essex Market Director will oversee the move across the street in spring 2019, where the market will more than triple in size, add 12 new vendors and 2 restaurants, operate a new demonstration and teaching kitchen, and have public seating and event space.
Reporting to the Assistant Vice President of the Public Markets portfolio of EDC’s Asset Management Division, the position is responsible for the oversight and management of the Essex. Responsibilities include attracting and developing new business and community-based programs, fostering community relationships, curating on-site cultural and promotional activities, management of maintenance staff, liaising with marketing staff and community partners, interfacing and managing relationships with existing and potential vendors and restaurants.
This position will report to two separate locations: the majority of the time, including some nights and weekends, at NYCEDC’s offices at Essex Market in the Lower East Side, Manhattan, and several visits per week to NYCEDC’s headquarters in downtown Manhattan.
This position will be responsible for all aspects of management, tenanting and cultural programming associated with the City’s Essex Market including:
Market and Tenant Management
- Provide on-site communication between Market tenants and NYCEDC and ensure compliance with Market rules, regulations and permits/leases.
- Enforce Market rules and work to resolve disputes as needed
- 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)
- Interface with tenants, licensees, permittees, operators and/or concessionaires on all aspects of their agreements with the City and/or NYCEDC, including rental payments, arrears, insurance, tenant improvements, inspections, defaults, billing disputes, etc.
- Work with onsite operations management to coordinate repairs, maintenance, improvements, and tenant compliance
Programming and Community Relations
- Identify marketing opportunities and generate ideas for events and programming at market.
- Facilitate the implementation of events and programming at market
- Work in concert with our local community partner to generate a monthly market programming schedule and effectively plan, set-up and implement events in the demonstration kitchen, mezzanine space and the general market area
- Conduct outreach to create and grow connections between Essex Market and the surrounding neighborhoods, including but not limited to, developing cultural event programming and the curation of vacant spaces within the market
- Participate in local community and economic development meetings and panels regarding retail at Essex Market
Financial and Legal Due Diligence
- Insure that all legally and NYCEDC-required documents are submitted for review and approval.
- Manage the procurement process for offering access to space, including working with the legal, contracting, and marketing departments and arranging tenant/vendor interviews
- Ensure all financial, legal, and contractual documents associated with the demonstration kitchen are tracked and maintained
- Ensure all financial, legal, and contractual documents associated with local community partners are tracked and maintained
- Prepare quarterly revenue and expense budgets for assigned assets
- Manage annual forecasting process for assigned assets
- Undergraduate degree or equivalent in urban planning, business, real estate, property management, facilities management, or a related field
- 3-5 years’ experience in food retail management, commercial real estate, community programming/community development, and/or economic development
- Excellent verbal and written communication skills required, including the ability to present to a wide variety of audiences
- Possess strong leadership skills to effectively facilitate resolution on critical market issues
- Dedication to customer service, client coverage and community involvement
- 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.
- 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 and prior experience in Microsoft Office, Excel, and PowerPoint. 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
- New York City residency is required within 180 days of hire
- Strong knowledge of food retail and/or public markets
- Demonstrated experience in community/event programming
- Knowledge of and interest in the food industry
- Strong leadership skills with demonstrated experience a managing a team
- Effective consensus builder with strong mediation skills
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 can expect to work as part of a highly engaged, passionate and inclusive workforce where everyone’s contributions are valued, respected and make 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, heavily-subsidized medical, dental and vision benefits, generous paid family leave, commitment to work-life balance, and discounted gym memberships and Broadway tickets.