Related Midwest names Frank Monterisi new COO

Monterisi most recently was senior vice president for Related Companies, overseeing several affordable housing developments

May.May 28, 2019 09:00 AM
Related Midwest COO Frank Monterisi and a rendering of The 78

Related Midwest COO Frank Monterisi and a rendering of The 78 (Credit: SOM and Related Midwest)

Related Midwest named Frank Monterisi to the new position of chief operating officer in Chicago.

The 41-year-old former Marine was most recently senior vice president in New York for Related Companies, where he worked for 12 years, according to Crain’s.

Monterisi will be charged with helping make several major Related projects a reality, most notably the $7 billion The 78 megadevelopment in the South Loop.

“I’m really going to be focused on taking the projects and pushing them forward,” Monterisi told Crain’s. “We want to start building.”

Monterisi oversaw several affordable housing projects in New York for Related, including the Hunter’s Point South development in Long Island City. He said part of his mission will be to boost Related Midwest’s affordable efforts in Chicago. [Crain’s] — John O’Brien

Related Articles

From left: Jim Loewenberg, David Carlins and Joel Carlins

Keeping it in the family: Magellan co-founder’s son becomes CEO

Kyle Glascott and the Green Dolphin nightclub

Glascott Realty picks up troubled site near Lincoln Yards for $4.7M

Elston Avenue retail complex and Baker Development President Warren Baker (Credit: Google Maps)

Baker Development lands $70M refi on Kohl’s-anchored retail complex

Stockbridge Real Estate CEO Stephen Pilch

Stockbridge Capital makes big bet in suburban industrial stronghold

One Lincoln Centre and Balfour Pacific CEO Mark Scott (Credit: Google Maps, iStock)

Blackstone unloads large office complex at slight discount

905 West Fulton Market and DineAmic founders David Rekhson and Lucas Stoioff (Credit: Thor Equities)

Prime & Provisions owner inks lease for new restaurant in Fulton Market

Thor Equities CEO Joe Sitt and a rendering of 800 West Fulton Market (Credit: SOM)

Thor Equities lands $144M construction loan for new tower

Flexport CEO Ryan Petersen and 333 N. Green Street (Credit: Getty Images, Sterling Bay)

Sterling Bay inks tech firm to latest lease at Fulton Market HQ