Construction Project Manager

Chicago, IL
Full Time
Real Estate - L5 Acceleration Services
Mid Level

L5 Acceleration Services is looking for a Project Manager I to join our growing  construction team. The Construction Project Manager (CPM) is responsible for all phases of construction and is instrumental in the successful completion and turnover of quality-built sites (both new builds and remodels) for our portfolio companies by ensuring all work is carried out efficiently and with utmost skill, while staying within the parameters of timeline and financial forecasts. They will accomplish this by visiting site construction projects and conducting onsite evaluations for quality assurance on vendor performance. The CPM works effectively with architects, engineers, lenders, franchise partners, and landlords throughout the process and ensures the design standards and terms of lease are accurately being delivered as it relates to the construction of the project. In addition to following L5 policies and procedures, principal responsibilities include, but are not limited to: 

Essential Functions

  • Responsible to open 20 Projects per year while managing a pipeline of up to twice that amount.  All in various phases and in various locations, from project identification through design, planning, client approval, permit issuance, construction, punch walks and financial closeout.
  • Demonstrate full accountability for end-to-end management of projects, schedule, and budget
  • Manage Project Schedule, Budget, and Risk and provide weekly activity updates into L5’s Project Management web-based tools and to all parties
  • Effectively diagnose, manage, and communicate during client interactions to decipher client needs and develop project goals and scope of work
  • Identify, qualify, and manage General Contractors, Architects, Engineers, Direct Purchase Vendors and other consultants to maintain proper project planning, budgetary compliance, and procedures, including the formal closeout of all projects in a given region
  • Promote brand identity by assuring quality of fit and finish, adherence to specifications and standards, compliance with required construction timeframes and approved budgets; and assisting in pre-opening marketing efforts 
  • Ensure high standards for GC’s by implementing “Best Practices” and any other programs to improve overall construction discipline and better understand/track GC construction cost trends 
  • Engage in clear, consistent communications with L5 Owned entities, internal, and external stakeholders, including Operations, Retail, landlords and other Development staff on a frequent basis
  • Ensure the compliance of outside vendors regarding billing, payments, submittal of required documents and all construction related documentation during the course of projects. Review and approval of landlord work letters for each project on L5 or Franchisee Partner’s behalf
  • Support leasing process through review and comment of proposed and finalized leases, ensuring coordination of L5 or Franchisee obligations as needed
  • Accurately estimate and develop project budgets to abide by all aspects of landlord work letters and other obligations related to scope of the project
  • Provide timely communication and updates with 3rd party franchise entities based on Franchise communication policy


  • Minimum 3-5 years' in management of multiple design and construction projects (non-residential)
  • Experience with fitness, family, and/or hospitality retail projects
  • Experience with project management, budgeting, scheduling, risk management and contract negotiations 
  • Proficiency in Microsoft Suite, Adobe Creative Suite, and Procore
  • Possess an extraordinary ability to work harmoniously with various teammates, stakeholders, and clients
  • Be a top performer with great mentoring/leadership abilities to drive results 
  • Ability to thrive in a fast-paced environment and abide by tight deadlines and budgets
  • Travel requirement of 25% to 50%


Level 5 Capital Partners (L5) is a boutique private equity firm focused on health, wellness, and family services that will positively impact our employees, our customers and our local communities while delivering superior business performance. L5’s current partner companies are the 3rd largest yoga operator in the world, Level 4 Yoga, LLC (dba CorePower Yoga); Big Blue Swim School; L5 Fitness, LLC (dba Orangetheory Fitness); Restore Hyper Wellness + Cryotherapy; and Heyday Skincare. We are looking to build our team with individuals who share our passion and energy and have the skills to bring it to life. L5 Acceleration Services is our operational division of Level 5 Capital and works with our portfolio companies to grow and scale the business from franchise development services, real estate services, new store opening services, and franchise operation services.


Apply for this position

Apply with Indeed
We've received your resume. Click here to update it.
Attach resume as .pdf, .doc, .docx, .odt, .txt, or .rtf (limit 5MB) or Paste resume

Paste your resume here or Attach resume file

To comply with government Equal Employment Opportunity and/or Affirmative Action reporting regulations, we are requesting (but NOT requiring) that you enter this personal data. This information will not be used in connection with any employment decisions, and will be used solely as permitted by state and federal law. Your voluntary cooperation would be appreciated. Learn more.