Palos Heights retains Diliberto as economic development advisor
Business Wire
PALOS HEIGHTS - The city of Palos Heights has retained Diliberto Real Estate Services, a national real estate and capital advisory firm based in Palos Heights, as Economic Development Advisor to the city.
Mayor Robert Straz said the vote to retain the company is part of the city's continued momentum behind the Overlay District on Harlem Avenue, "which promotes enhancement to current business and real estate, and fosters new growth and development."
The intent of the Harlem Avenue Overlay District includes a higher quality commercial environment along Harlem Avenue, with high-quality new commercial development and new accessibility. It calls for improved design and appearance of existing development along Harlem Avenue, improved appearance of the public right-of-way, support of bicycle, pedestrian, and transit access to commercial development along Harlem Avenue, improved access and mobility along the corridor for all modes of transportation, ensured residential buffers from the impacts of commercial development and growth for new housing development along Harlem Avenue that will support commercial uses.
"It has been a long time in coming," said Straz. "In today's environment, we must remain open to the positive impact regional and national investors and developers can have on Palos Heights. Because of the wide spread opportunities available, we enlisted the work of Diliberto Real Estate Services, due to their local base, but also their ability to draw demand and interest from far reaching investors, developers and users that fit the environment of Palos Heights."
Frank Diliberto, president of Diliberto Real Estate, said there are opportunities "for high quality boutique communities around the Chicago market, but Palos Heights offers an extraordinary opportunity for investors, developers and owners due to its location and in-place amenities. "It's also a great destination location, with easy access to downtown," he added. "The city's sensitivity to creating new and improved access points for individuals and families to walk or commute will be an important feature in attracting demand. Gateway properties and strategic locations will rise to meet the demand."
The ordinance is the codification of the vision for Harlem's future outlined in the 40-page proposed Harlem Avenue Overlay District regulations, according to city Community Development Coordinator Mike Parella.