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New York

Jets exec starts real estate development company

The New York Jets’ stadium development executive Thad Sheely will leave his position to start a real estate development company based in New York, Bloomberg News reported.

The Jets and the New York Giants built a new stadium,called Metlife Stadium, in East Rutherford, N.J., on Sheely’s watch, and now he’s “ready for [his] next challenge.” The new stadium opened in 2010.

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Sheely’s new company will be called Gridworks Development, and will focus on projects in “transitional neighborhoods” and act as an advisor on public-private projects, Bloomberg said. [Bloomberg]