Chicago-based Related Midwest says that Frank Monterisi will become its first chief operating officer (COO).
Monterisi worked for New York City-based Related Companies, the parent company of Related Midwest, for the past 12 years, most recently as its senior vice-president of development, the company says in a statement.
He will report to Related Midwest president Curt Bailey and lead the day-to-day operations and development for the firm’s Chicago developments including: 725 W. Randolph St. and 900 W. Randolph St. in the West Loop; 400 Lake Shore Drive and One Bennett Park in Streeterville; Lathrop on the North Side and Roosevelt Square on the Near West Side; and the 62-acre downtown mixed-use community, The 78.
Monterisi will also lead affordable housing development in the region, a priority segment for Related Midwest, who has built, rehabilitated and managed more than 10,000 affordable housing units.
“We’re thrilled to have Frank Monterisi join Related Midwest as a key partner for our senior executive team, helping us to scale and manage operations as we focus intently on expanding and diversifying our portfolio,” Bailey said in the news release. “With transformative developments proposed and pending throughout Chicago, Related Midwest will benefit from Frank’s experience in successfully executing the complexities of large-scale urban projects across asset classes. Frank understands the nuances of our growth strategy and he is deeply committed to Related Midwest’s success.”