If you live in Pacific Palisades or Palisades Highlands, or if you enjoy the long meander of Sunset Boulevard to the sea, it will come as no surprise that Palisades Village is getting a makeover. However, if you haven’t visited recently or have a sweet spot in your heart for this community hub, you may be interested to know what’s going on there.
It started back in 2014, when Rick Caruso, owner of The Grove, Americana at Brand (Glendale), and the 8500 Burton Way luxury apartments, purchased about three acres of commercial property in the much-loved Palisades Village. Caruso’s vision was to revive the Village by creating a pedestrian-friendly shopping, dining, and entertainment destination with fresh features and the cozy charm of the original.
The wedge-shaped project, clustered around Swarthmore Avenue between Sunset Boulevard, Monument Street, and Albright Street, involved the demolition of six existing buildings, parking lots, and a gas station, followed by the construction of nine new buildings. Among the promised amenities: a specialty grocer, eight apartments, park and open-air seating space, restaurants with indoor and outdoor dining, a variety of boutique retail, and a community room. Caruso is also adding a substantial amount of parking – 560 stalls in a three-level underground structure, plus 29 diagonal parking stalls along Swarthmore Ave.
Perhaps the most notable feature of the development is the revival of the beloved Bay Theater. Opened in 1948 and out of operation since 1978, the new Bay Theatre by Cinépolis Luxury Cinemas will feature five screening rooms, each with approximately 40 – 60 luxury leather recliner seats, reserved seating, and call buttons for full food and bar service.
One- and two-story structures designed by Elkus Manfredi Architects will reflect the original scale of the Village and fit in with the remaining buildings. Along with the Bay Theatre, among the tenants that have already announced their occupancy are: Jennifer Meyer Jewelry, FdeiM by Madeo Restaurant, McConnell’s Fine Ice Creams, Sweet Laurel Bakery, and Vintage Grocers. The Pacific Palisades Farmers Market will also return to the Village once the project has opened.
The re-imagined Palisades Village is slated to open all at once in summer 2018. To learn more, visit the Palisades Village website or follow Palisades Village on Facebook. I can’t wait to visit this magical development created by my favorite Real Estate genius, Rick Caruso!