Director of Construction & Capital Projects
Chicago, IL
Full Time
Experienced
Company Overview
Clear Investment Group is a boutique real estate investment firm based in Chicago specializing in the rehabilitation and stabilization of distressed multi-family assets. Operating across the Midwest, South, and Northeast, we acquire and improve underperforming properties to generate value for investors and revitalize communities.
Our Core Values:
Position Title: Director of Construction & Capital Projects
Department: Construction & Capital Projects
Reports to: Sr. Director of Asset Management
Location: Chicago Loop (office-based); Travel as needed (~40–60%)
Compensation & Benefits
Position Overview
The Director of Construction & Capital Projects will lead and oversee all renovation, redevelopment, and capital improvement initiatives across Clear Investment Group’s growing portfolio of distressed multifamily properties. This role will directly manage a team of Construction Project Managers and Project Management Associates, providing leadership, direction, and mentorship to ensure consistent execution, quality, and results across all projects.
This is a high-impact leadership position that combines strategic oversight with hands-on project management expertise. The ideal candidate is a proactive leader who thrives in a dynamic, entrepreneurial environment and is committed to delivering operational excellence that drives both asset value and community transformation.
Key Responsibilities
Strategic Leadership & Oversight
Qualifications
Clear Investment Group is a boutique real estate investment firm based in Chicago specializing in the rehabilitation and stabilization of distressed multi-family assets. Operating across the Midwest, South, and Northeast, we acquire and improve underperforming properties to generate value for investors and revitalize communities.
Our Core Values:
- Get it Done
- Ride the Wave
- Add Value
- Exhibit Passion
Department: Construction & Capital Projects
Reports to: Sr. Director of Asset Management
Location: Chicago Loop (office-based); Travel as needed (~40–60%)
- Competitive base salary ($175K- $215K DOE)
- Annual performance-based bonus
- 401(k) plan with employer match
- Comprehensive health and dental insurance
- Paid time off and holidays
The Director of Construction & Capital Projects will lead and oversee all renovation, redevelopment, and capital improvement initiatives across Clear Investment Group’s growing portfolio of distressed multifamily properties. This role will directly manage a team of Construction Project Managers and Project Management Associates, providing leadership, direction, and mentorship to ensure consistent execution, quality, and results across all projects.
This is a high-impact leadership position that combines strategic oversight with hands-on project management expertise. The ideal candidate is a proactive leader who thrives in a dynamic, entrepreneurial environment and is committed to delivering operational excellence that drives both asset value and community transformation.
Strategic Leadership & Oversight
- Lead all construction and capital project initiatives from due diligence through stabilization, ensuring alignment with asset management and investment strategies.
- Provide vision and direction for the Construction & Capital Projects department, setting clear objectives and KPIs for project delivery.
- Manage and mentor a team of Construction Project Managers and Project Management Associates, fostering a high-performance culture centered on accountability, collaboration, and continuous improvement.
- Establish and refine company-wide standards for construction execution, quality control, and cost efficiency.
- Collaborate with executive leadership on strategic planning, pipeline evaluation, and portfolio forecasting.
- Develop and manage annual CapEx budgets across the portfolio; ensure accurate forecasting, cost tracking, and reporting.
- Oversee value-engineering efforts to maximize ROI and control construction costs without sacrificing quality or performance.
- Partner with Finance and Asset Management to track project performance and identify cost-saving opportunities.
- Lead a high-performing construction team with multiple direct reports, including project managers and associates.
- Conduct regular one-on-one and team meetings to align priorities, provide feedback, and support professional development.
- Build and maintain strong relationships with contractors, architects, engineers, and consultants to ensure consistent delivery across markets.
- Negotiate and manage contracts to safeguard timelines, budgets, and quality standards.
- Oversee the planning, scheduling, and delivery of multiple renovation and CapEx projects simultaneously across diverse markets.
- Identify project risks and proactively implement mitigation strategies.
- Ensure compliance with all relevant building codes, zoning laws, and safety regulations (including OSHA).
- Partner closely with acquisitions, property management, and asset management teams to ensure construction strategies align with investment goals.
- Provide construction expertise during acquisition due diligence to evaluate scope, risk, and cost.
- Serve as a key liaison between field operations and executive leadership.
- Implement consistent standards for quality, efficiency, and craftsmanship across all projects.
- Provide regular updates and performance reports to executive leadership and investors.
- Continuously improve processes through data-driven insights and post-project evaluations.
- Bachelor’s degree in Construction Management, Engineering, Architecture, or related field (required).
- 12 + years of experience in construction or capital project management, with at least 3 years in a leadership or director-level role.
- Proven success managing multiple direct reports, including project managers and project management support staff.
- Strong track record overseeing large-scale multifamily renovation or value-add projects.
- Deep understanding of construction methods, project budgeting, scheduling, and contract negotiation.
- Strong financial acumen with the ability to evaluate ROI and manage capital budgets.
- Excellent leadership, communication, and problem-solving skills.
- Proficiency with project management and ERP systems (e.g., Smartsheet, Yardi) and Microsoft Office Suite.
- Ability to travel regularly to project sites (approx. 40–60%).
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