Joe Torman

 Joe Torman, President of Development at Lotus, Tragically Dies in Car Accident

Joe Torman: A Sudden and Tragic Loss

Joe Torman, the esteemed President of Development at Lotus, passed away unexpectedly in a devastating car accident, as confirmed by a reliable source on Monday. The accident resulted in severe injuries, leading to Torman’s untimely demise. Authorities have reported on the tragic incident, while the family of Joe Torman is yet to release an official statement following this heart-wrenching loss.

Who Was Joe Torman? A Construction and Development Veteran

With over 22 years of experience in the construction and development industry, Joe Torman was a well-respected figure in the field. His journey began after completing coursework in the BYU Construction Management program, leading him to join Kier Construction Corporation in 2002. During his 11 years at Kier, Torman was entrusted with overseeing estimating and pre-construction services for a plethora of projects, including commercial, industrial, multi-family, and mixed-use developments valued between $5M to over $75M.

A Stellar Career: From Director of Construction to President of Development at Lotus

In 2015, Joe Torman joined Parleys Partners as the Director of Construction. During his time there, he took charge of preconstruction and construction administration for numerous new development projects, totaling over $100M. These projects encompassed large LIHTC multi-family housing ventures and various market-rate apartment developments.

Early in 2018, Torman’s hard work and dedication led him to become a partner and the President of Development at Lotus. In this role, he spearheaded all aspects of project development, ranging from site study and schematic project creation to municipal and county entitlements. Additionally, Torman handled applications for LIHTC and Utah State PAB financing, as well as pre-construction and design development. His responsibilities further extended to overseeing all aspects of construction administration for Lotus projects, including the execution of GC/CM contracts and management of consultant contracts. Joe also managed the contract execution of all internal construction projects as Lotus General’s B-100 General Contractor license holder.

A Legacy of Achievements

Throughout his career, Joe Torman achieved remarkable milestones, contributing to the development of over 3,500 multi-family units. These accomplishments included constructing 3 master-planned multi-phased housing communities, 12 high-density urban mixed-use podium projects, 1,800 affordable & workforce housing units, 530 full net-zero apartment units, and over 2,000 Energy Star-certified dwelling units.

The sudden loss of Joe Torman has sent shockwaves through the construction and development industry, and his contributions will be remembered fondly. Our thoughts and prayers are with his family and colleagues during this difficult time of grief.

 

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