Richard Choi

Richard Choi Email and Phone Number

Development Director at Vermilion Development @ Vermilion Development
Richard Choi's Location
Chicago, Illinois, United States, United States
Richard Choi's Contact Details

Richard Choi work email

Richard Choi personal email

About Richard Choi

An accomplished, real estate development professional with nationwide successes in the areas of residential and hotel development, construction, and architecture for several nationwide developers. Extremely skilled in collaborating with stakeholders to create, problem-solve, and execute complex initiatives without sacrificing performance and design, while still exceeding P&L goals. Highlighted areas of expertise and background include:• Multifamily, single-family, mixed use, and hospitality developments• Market rate, affordable, and historic tax credit projects• Design and entitlement leadership• Collaboration with internal and external stakeholders • Contract procurement (design consultants, general contractor, national vendors)• Proforma modeling, budgets, investor reporting • Brand standard integration with IOT technologies and modular design • Price-product positioning• Architect License; LEED AP BD+C• Master of Architecture, MBA

Richard Choi's Current Company Details
Vermilion Development

Vermilion Development

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Development Director at Vermilion Development
Richard Choi Work Experience Details
  • Vermilion Development
    Development Director
    Vermilion Development Aug 2023 - Present
    Chicago, Illinois, Us
  • 29Th Street Capital
    Development Manager
    29Th Street Capital Apr 2022 - Jun 2023
    Chicago, Illinois, Us
    • Led entitlement and design management efforts for multifamily, build-for-rent, and opportunity zone developments in the Phoenix market totaling 800 units.• Refined building product designs through heavy collaboration with development, construction, and asset management teams.• Monitored and maintained relationships with municipalities to expedite approvals and reduce onerous project requests or timelines.• Maintained project budgets and schedules.• Coordinated stakeholder reporting
  • Bear Real Estate Group
    Director Of Design
    Bear Real Estate Group Jan 2020 - Feb 2022
    Kenosha, Wi, Us
    • Supervised team of design managers and design coordinators on a variety of multifamily project types: new construction, renovations, historic and low income housing tax credit.• Collaborated with development, construction, and asset management teams to optimize building designs.• Supervised value-engineering efforts to maximize and balance tax credit scoring opportunities with construction costs.• Procured and negotiated all architect and engineering contracts. • Reviewed and approved contractor change order requests.• Applied cost forecasting to inform early programming/schematic design decisions. • Led initiatives to acquire incentives from project utility companies, manufacturers, and mortgage insurance premium credits.• Created and implemented processes to ensure brand compliance, quality control, and product efficiency.
  • Continental Properties Company, Inc. (Apartment Developer, Owner & Operator; Retail Developer)
    Construction Design Manager
    Continental Properties Company, Inc. (Apartment Developer, Owner & Operator; Retail Developer) Jan 2014 - Dec 2019
    Menomonee Falls, Wisconsin, Us
    • Oversaw architecture-engineering operations from entitlement to construction for nationwide multifamily developer (3000-4000 new apartment units annually).• Led design collaboration efforts with all stakeholders (market research, development, construction, property management, and executive teams).• Designed workforce housing product which resulted in average per-project cost savings of 15%.• Procured and supervised architects and engineers with regional adaptations for brand compliance and cost-containment efforts.• Integrated modular building design and IOT initiatives to address affordability and remote management of company portfolio.• Negotiated national vendor account rebate programs which consistently produced over $350,000-$500,000 in annual incentives. • Trained development and construction teams with prototype enhancements, entitlement efficiencies, change order mitigation, and Fair Housing requirements.• Oversaw all office and hotel renovation projects.
  • Rcventures Inc
    President
    Rcventures Inc Jan 2010 - Jan 2014
    Business Development, Consulting, and General Contracting Services - Midwest Region.• Acquired over $1M in exterior renovation accounts in first year of business during recession (residential, hospitality, and assisted living sectors).• Supervised all IL and WI new business development and construction operations.• Implemented all marketing, staffing, and green building consultancy initiatives.• Managed all municipal engagements.
  • Wpm
    Development Project Manager
    Wpm Feb 2009 - Dec 2009
    • Led New England multifamily construction operations.
  • Klein Construction Services, Inc.
    Senior Project Manager
    Klein Construction Services, Inc. Apr 2007 - Nov 2008
    • Led business development and estimating teams to procure new contract awards in the multifamily, restaurant, health club, retail, and office sectors. • Supervised luxury midrise multifamily operations
  • Kimball Hill Homes
    Development Manager, Controller
    Kimball Hill Homes Sep 1999 - Mar 2007
    Us
    • Led all IL and WI midrise multifamily development operations (sales, construction, architecture, and marketing teams).• Exceeded company-budgeted profit projections by an average of $1.6M for three consecutive years.• Negotiated $1.35M in value-engineering benefits with City planning commission for two multifamily communities. • Managed multiple sales teams who closed 290(midrise and townhome) units in three years, with a 45% increase in sales prices by project closeout.• Maximized revenues by calibrating price-product positioning, sales velocities, and introducing new townhome products.• Negotiated all General Contractor agreements for select multifamily developments.• Maximized profits via the creation of process improvements and product-pricing enhancements for Midwest Division. • Underwrote, presented, and assisted with finance procurement for new development opportunities to executive team. • Designed and implemented new job-cost accounting system for midrise projects that was utilized by Construction, Purchasing, Sales, and Accounting. • Led divisional financial reporting operations.
  • Focus Development
    Project Manager
    Focus Development Jun 1996 - Sep 1999
    Chicago, Illinois, Us
    • Performed project management, finance, and market research functions for midrise, multifamily and mixed-use developments. • Produced all proformas, budgets for all investor offering memorandums and lender proposals.• Determined optimal financing structures from prospective lenders.• Cross-analyzed competition against third-party market research to confirm adequate price-product positioning and new development opportunities.

Richard Choi Skills

Real Estate Real Estate Development Contract Management Value Engineering Green Building Contract Negotiation Entitlements Construction Management Project Management Strategic Planning Joint Ventures Process Improvement Leed Leed Ap Negotiation Budgets Architecture Successful Business Owner Architectural Design Financial Analysis Financial Modeling And Reporting

Richard Choi Education Details

  • University Of Illinois Urbana-Champaign
    University Of Illinois Urbana-Champaign
    Architecture
  • University Of Illinois Urbana-Champaign
    University Of Illinois Urbana-Champaign
    Master Of Architecture

Frequently Asked Questions about Richard Choi

What company does Richard Choi work for?

Richard Choi works for Vermilion Development

What is Richard Choi's role at the current company?

Richard Choi's current role is Development Director at Vermilion Development.

What is Richard Choi's email address?

Richard Choi's email address is fu****@****aol.com

What schools did Richard Choi attend?

Richard Choi attended University Of Illinois Urbana-Champaign, University Of Illinois Urbana-Champaign.

What skills is Richard Choi known for?

Richard Choi has skills like Real Estate, Real Estate Development, Contract Management, Value Engineering, Green Building, Contract Negotiation, Entitlements, Construction Management, Project Management, Strategic Planning, Joint Ventures, Process Improvement.

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