ALBUQUERQUE, N.M. — Michael Daly, who has been at the forefront of Mesa del Sol’s development for almost 10 years, has left to become a top executive with New York City-based Jonathan Rose Cos., a national real estate development, investment and project management firm with a regional office in Albuquerque.
Daly will become the Rose Cos.’ chief operating officer and will manage the companies’ operations, which stretch from coast to coast, as well as the expansion and diversification of its portfolio, according to a news release Monday from the Rose Cos. Born in Brooklyn, Daly spent his early real estate career in the New York City area before joining Cleveland-based Forest City Enterprises in the late 1980s.
Mesa del Sol was one of several sites in New Mexico recently mentioned by state Land Commissioner Ray Powell as a potential location for Tesla Motors $5 billion lithium ion battery plant.
David Newell, Mesa del Sol’s residential development director, noting that Daly’s role played more heavily on the economic development and commercial side of Mesa del Sol’s operation, said, “Mike is fantastic, but (his departure) doesn’t slow us down as to what we’re doing out here.”
A half dozen member management team will continue to run Mesa del Sol with support from Forest City Stapleton staff out of Denver, Newell said.
As chief operating officer for Forest City Covington and later president of Mesa del Sol, Daly oversaw key steps in the early planning and construction of 3,000 privately owned acres of the total 12,900-acre master-planned community south of the airport.
Mesa del Sol shares many attributes of the kinds of development that the Rose Cos. does. Albuquerque-based Romero Rose, most recently a major apartment developer in Downtown, is the Rose Cos.’ Southwest region affiliate.
Commercial development was Mesa del Sol’s initial focus. In 2009, for example, Fidelity Investments and Molina Healthcare joined Albuquerque Studios. Schott Solar also opened in 2009 but closed three years later.
The most recent focus at Mesa del Sol from the construction standpoint has been the first two phases of a residential community, which has about 130 homes including 23 in the process of being built, Newell said.
With 70 lots available still available in the opening phases, he said planning is underway for an additional 280 lots in phases three and four.