As a 30-year resident of Pacific Palisades and a 40-year veteran of the retail business, I wanted to weigh in on Rick Caruso’s Palisades Village development.
Full disclosure: I am involved with retailers who have stores in other Caruso projects, specifically The Grove at Farmers Market and The Americana at Brand in Glendale, but none at Palisades Village.
That said, I think the Palisades Village is an incredibly exciting project that has transformed a dreary and dying village shopping street, with an ugly blacktop parking lot, into a jewel Palisadians should welcome and support.
Largely driven by the growth in online shopping, the retail industry is in a state of crisis, and there have been thousands of store closings and dozens of retail bankruptcies in the last couple of years.
Yet Caruso had the courage to proceed with a project that most developers wouldn’t dream of tackling. A great majority of retailers are not expanding right now, so I have been impressed by how many quality tenants he was able to secure.
There have been many comments in the Post that the stores and restaurants are too upscale, but it’s hardly a Rodeo Drive tenant mix. Is it a perfect mix of stores? Probably not, and there have been a few early failures, with almost certainly some to follow.
On the other hand, there appear to be numerous success stories, and I have high confidence that Caruso will replace any departing tenants with suitable replacements.
Whether Palisadians like every aspect of the project or not, Palisades Village is a great addition to Pacific Palisades and it will only get better over time.
This is in response to the 2 Cents item in the March 21 edition of the Palisadian-Post re: “Noise” stating that neither Congressman Ted Lieu nor Councilman Mike Bonin are “not making so much as a peep.”
Nothing could be further from the truth! Both the congressman and the councilman, as well as California’s U.S. Senators and other elected officials, including Congresswomen Karen Bass, have been meeting with the FAA to try to reduce the noise caused by Metroplex flight paths.
Please contact our elected officials and let them know how much the aircraft noise bothers you, and that concentrating flights over our neighborhood is unacceptable.
Congressman Lieu: Joey Apodaca;
Senator Dianne Feinstein: Jeanette Cheng; email@example.com;
Senator Kamala Harris: Morgan White;
Councilman Bonin: Geoff Thompson; firstname.lastname@example.org; 310-568-8772
For more information, contact me at email@example.com.