Rick Caruso receives approval for Pacific Palisades town center project

Construction on the 116,000-sf city center will begin in August

Jun.June 23, 2016 08:30 AM

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.

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

Related Articles

The home on Amalfi Drive, Paul George, and Deandre Jordan (Credit: Getty Images and Realtor)

Paul George dishes $16M for DeAndre Jordan’s former Palisades pad

Sugar Ray Leonard and the Pacific Palisades home (Credit: Getty Images)

Sugar Ray Leonard lists his heavyweight mansion in Pacific Palisades

Film producer Alain Goldman parts with Pacific Palisades home

Dennis Quaid sells another home in the Pacific Palisades

Taking a shot: NBA exec asks $40K a month for Pacific Palisades home

$22M Pacific Palisades spec home had 143 defects, power couple says in lawsuit

Former Miss Universe buys home of the late TV exec Michael King for $34M

Frank Gehry and Wolfgang Puck team up on new LA project