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Related Midwest Brings in COO from Parent Company
Related Midwest has brought Frank Monterisi over from parent organization the Related Companies to serve as COO. Monterisi’s role with the parent company, SVP of development, saw him frequently commuting to Chicago from New York, where he oversaw a $4-billion portfolio in the two cities.
Along with overseeing the completion of Related Midwest’s residential tower One Bennett Park, pipeline developments under Monterisi’s purview include residential mixed-use projects at 725 W. Randolph, 900 W. Randolph and 400 Lake Shore Dr.; mixed-income developments Lathrop and Roosevelt Square; and The 78, a 62-acre, mixed-use neighborhood along the south branch of the Chicago River.
Monterisi told Crain’s Chicago Business that he intends to step up the firm’s development of affordable housing. “We’re already doing a lot of it in Chicago and we want to do more,” he told Crain’s. “And with the change in administration [in City Hall], there’s an appetite to do more.”
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