CHICAGO-Related Cos., based in New York City, has hired David Wolf as president of sales at its local office. Wolf has left his own firm, David Wolf Residential, and will oversee the sales efforts of 500 condominium residences in the South Loop.

Related plans to renovate and sell about 500 condominium units in the buildings at 1201 S. Prairie Ave., 1629 S. Prairie Ave. and 1901 S. Calumet Ave. The properties are adjacent to Grant Park and the Museum Campus, not far from Lake Michigan. Lenders have now partnered with Related to finish the condos, which include One Museum Park West (1201 S. Prairie), a 54-story tower. Related plans on spending more than $2 million to renovate the properties, including about 300 “raw” units.

Related is also working on two luxury high-rise apartment complexes, more than 1,000 units, at 500 N. Lake Shore Dr. and 111 W. Wacker Dr., as well as One Evanston and the $100 million redevelopment of Parkway Gardens.