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Assistant Director of Innovation Hub (Real Estate)
Chicago, IL
Job Description
Assistant Director of Innovation Hub (Real Estate)
Discovery Partners Institute
Hybrid - Work Model
Posting Category:
Provide analytical and technical real estate support for planning, evaluating the future operations of the DPI headquarters, ensure operations and capital improvements are aligned with DPI's priorities, represent DPI in meetings with the Capital Development Board and University of Illinois System Office of Capital Programs regarding construction and assist in the overall high level execution of asset-level strategies. The Assistant Director of Innovation Hub will be charged with making sure the building is fully occupied, highly productive, generates income, and supportive of innovation.
Duties and Responsibilities:
Revenue generation & transaction planning for future operations of the DPI headquarters
- Market DPI headquarters as a premier opportunity for businesses, organizations, and academic partners to both effectuate DPI's mission and to maximize revenue
- Craft agreements with partners to locate departments and activities in the labs, office space, and classroom space
- Establish terms of occupancy for partners in terms of rent, operating expense pass-throughs, and other terms
- Manage transaction to bring a cafe/F&B operator to the ground floor
- Identify and realize other commercial opportunities including out-of-home advertising and promotional events that generate income for DPI's operations
- In partnership with events team, prepare business plan and strategy for maximizing value of the DPI headquarters as a leading meeting & events center in Chicago
Oversee successful operation of DPI headquarters
- Manage the building to ensure a world-class operation that ensures it remains relevant to the Chicago innovation ecosystem
- Lead the process for identifying, finalizing contract with, and onboarding a third-party facility manager
- Oversee third-party facility manager throughout the operations phase of the DPI headquarters, including reviewing reports and monitoring key performance indicators and ensuring operations and capital improvements are aligned with DPI's priorities
- Ensure compliance with any intergovernmental agreements with respect to building operations and with Related Midwest and other adjacent property owners
Finalize design of DPI headquarters
- Manage FF&E and AV/IT procurement
- Finalize design and installation of signage program
- Represent DPI in meetings with the Capital Development Board and University of Illinois System Office of Capital Programs regarding construction of the DPI headquarters
Reporting and other
- Assist in execution of asset-level strategies, including maintaining annual budget, cash flow and financial models and schedules for the DPI headquarters
- Analyze and review annual plans, operating budgets, rent rolls, leases, property operating and financial statements for the DPI headquarters
- Support feasibility analysis of future development concepts for The 78
Qualifications:
- Minimum of a Bachelor's degree in architecture, engineering, real estate, business or related field required. Master's degree preferred. Broker's license preferred.
- Minimum of four years of relevant experience, such as capital planning and budgeting, real estate development, property management, etc., in a public, research, or higher education capacity or with trophy or flagship commercial properties strongly preferred.
- Excellent people/community engagement skills.
- Excellent written, verbal, and presentation skills.
- Strong attention to detail and organization.
#LI-JM1
Knowledge and Experience:
Appointment Information
Full Time Academic Professional position(s).
Application Procedures & Deadline Information
For full consideration, candidates must apply and submit a letter of application, resume, and names/addresses/phone numbers of three professional references by 6 pm on April 23, 2024 or visit .
System Human Resource Services
(217) 333-2600
The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, COVID-19 vaccination requirement, and employment eligibility review through E-Verify.
Applicants with disabilities are encouraged to apply and may request a reasonable accommodation under the Americans with Disabilities Act (2008) to complete the application and/or interview process. Requests may be submitted through the reasonable accommodations portal, or by contacting the System Human Resource Services - Diversity, Equity, Inclusion & Belonging at 217-333-2600, or by emailing .
Requisition ID: req1984
Job Category: Academic Professional Extended Search
Campus Location: Chicago
Looking for more University of Illinois positions?
We invite you to search for positions at each of the University of Illinois' Universities and the University of Illinois System Office. The University of Illinois Foundation is the official fundraising and private gift-receiving agency for the University of Illinois and also offers position in all locations. Click the links below to search for other University of Illinois positions.
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Requisition ID: req1984
Job Category: Academic Professional Extended Search
Campus Location: Chicago
Looking for more University of Illinois positions?
We invite you to search for positions at each of the University of Illinois' Universities and the University of Illinois System Office. The University of Illinois Foundation is the official fundraising and private gift-receiving agency for the University of Illinois and also offers position in all locations. Click the links below to search for other University of Illinois positions.
- View Federal and State notices related to employment at the University of Illinois System. Offers of employment by the University of Illinois System may be subject to approval by the University's Board of Trustees and are made contingent upon the candidate's successful completion of any criminal background checks and other pre-employment assessments that may be required for the position being offered. Additional information regarding such pre-employment checks and assessments may be provided as applicable during the hiring process.
The University of Illinois may conduct background checks on all job candidates upon acceptance of a contingent offer. Background checks will be performed in compliance with the Fair Credit Reporting Act. The University of Illinois System requires candidates selected for hire to disclose any documented finding of sexual misconduct or sexual harassment and to authorize inquiries to current and former employers regarding findings of sexual misconduct or sexual harassment. For more information, visit website. As a qualifying federal contractor, the University of Illinois System uses to verify employmsent eligibility.
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The University of Illinois may conduct background checks on all job candidates upon acceptance of a contingent offer. Background checks will be performed in compliance with the Fair Credit Reporting Act.
The University of Illinois Chicago is an affirmative action, equal opportunity
institution/employer and does not discriminate on the basis of race, color, national origin, sex, religion, age, sexual orientation, gender identity, veteran or disability status, height, weight, or marital status in employment or the provision of services.
Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
4+ years
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