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Los Angeles

Rick Caruso receives approval for Pacific Palisades town center project

Rendering of Palisades Village in downtown Pacific Palisades (credit: Caruso Affiliated)
Rendering of Palisades Village in downtown Pacific Palisades (credit: Caruso Affiliated)

Los Angeles City Council granted final approval for Rick Caruso’s Palisades Village redevelopment project, the L.A. Times reported.

The real estate magnate behind the Grove and Americana at Brand can now proceed with his planned makeover, spanning 116,000 square feet of downtown Pacific Palisades on Swarthmore Avenue. The goal is to revive the walkable, old-timey Main Street of the area.

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Demolition is set to begin in August and construction is slated for completion in 2018.

Caruso’s plan for Palisades Village includes a series of one- and two-story buildings for retail, restaurants, a supermarket, a movie theater and a park along Monument Street that would serve as the centerpiece of the project.  [LAT] — Cathaleen Chen

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Caruso AffiliatedPacific PalisadesRick Caruso