Developer Rick Caruso’s proposed Palisades Village project, the redevelopment of Swarthmore Avenue in the Pacific Palisades, has won final approval from the Los Angeles City Council, according to the Los Angeles Times.
The approval paves the way for shopping center magnate Rick Caruso to start work on his Palisades Village project, which the Grove owner envisions as more of a walkable Main Street than ritzy shopping center.
The 116,00-square-foot complex on Swarthmore Avenue bordering Sunset Boulevard will include a movie theater, community space, grocer and retail shops. There will also be eight apartment units, reported the Times.
According to the company’s website, Caruso’s vision for the Palisades is “to imagine and create a new community gathering place that reflects the best of this special place. The Palisades Village site offers a unique opportunity to create something truly wonderful that adds to the Palisades lifestyle and preserves the small town feel.”
Caruso, whose other projects include the Grove and The Americana at Brand, has been rumored to be looking at purchasing property on Larchmont Blvd. over the years.