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Palisades Village Mall Reopens After Wildfire Damage

Created at 4 Aug · 9:11 AM1 source↑ Market-relevant
IN SHORT

Rick Caruso's Palisades Village, a luxury mall in Pacific Palisades, is set to reopen in August 2026 after extensive renovations following a January wildfire. The mall sustained damage from contaminants, prompting a $60 million refurbishment to ensure safety and cleanliness for returning tenants and shoppers.

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Key Numbers

$60 millionrenovation investment for Palisades Village
August 2026scheduled reopening date for Palisades Village
90%expected tenant return rate
January 7date of wildfire

Who's Involved

Rick Caruso
Billionaire real estate developer and owner of Palisades Village
Erewhon
Fancy grocer set to reopen in a rebuilt store
Elyse Walker
Fashion designer reopening her store at Palisades Village
Tony Antoci
CEO of Erewhon
Danny Rainer
Palisades resident and JLL executive vice president
Mitchell Stokes
Principal at Avison Young specializing in commercial real estate
Palisades Village Mall Reopens After Wildfire Damage

↳ Why This Matters

The reopening of Palisades Village signifies a crucial step in the recovery of the Pacific Palisades community following a devastating wildfire, restoring essential retail and dining services and signaling renewed economic confidence in the area.

Key facts

  • Palisades Village mall is set to reopen in August 2026 after wildfire damage.
  • Developer Rick Caruso is spending $60 million on renovations to remove fire contaminants.
  • High-end grocer Erewhon is among the tenants returning with a rebuilt store.
  • Approximately 90% of the mall's original tenants are expected to return.
  • Other commercial properties in Pacific Palisades, including the Business Block and Palisades Plaza, are also being rebuilt.

Palisades Village, a luxury outdoor mall in Pacific Palisades owned by developer Rick Caruso, is preparing for a reopening in August 2026 following extensive renovations after a wildfire on January 7. The mall, which survived the blaze, required a $60 million refurbishment to address potential fire-related contaminants, including replacing drywall and soil.

High-end grocer Erewhon will return with a completely rebuilt store, featuring a larger outdoor seating area. Erewhon's CEO, Tony Antoci, stated that reopening is a significant contribution to the neighborhood's healing and renewal. Approximately 90% of the mall's original tenants are expected to return, including restaurants like Angelini Ristorante & Bar and Hank's, and a new Italian steakhouse by local chef Nancy Silverton. Fashion designer Elyse Walker also plans to reopen her eponymous store.

While Palisades Village was largely spared structural damage, the surrounding neighborhood suffered significant destruction, with thousands of structures lost. The reopening of the mall is seen as a milestone in the community's recovery, signaling renewed investment and support for essential services. Other commercial properties in the area, such as the Business Block and Palisades Plaza, are also in various stages of rebuilding after being destroyed or heavily damaged by the fire. Despite the progress, residents and retailers face challenges such as city permitting delays and insurance hurdles, with a full return to normal foot traffic dependent on more residents moving back into the area.

Frequently asked questions

Palisades Village is scheduled to reopen in August 2026.

Developer Rick Caruso is investing $60 million to renovate the mall and remove fire contaminants.

About 90% of original tenants are expected to return, including Erewhon, Angelini Ristorante & Bar, Hank's, and Elyse Walker's store. A new Italian steakhouse, Spacca Tutto, will also open.

While the mall survived, it required extensive refurbishment to eliminate fire contaminants. The surrounding neighborhood suffered significant destruction, with thousands of structures lost.

What Happens Next

01Palisades Village is scheduled to reopen in August 2026.
02Erewhon will open its reconfigured store with expanded outdoor seating.
03Other tenants, including restaurants and fashion boutiques, will also reopen.
04Rebuilding efforts continue on other damaged commercial properties in Pacific Palisades.

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Cadence

How It Developed

A wildfire damaged the Pacific Palisades neighborhood on January 7.
The Palisades Village mall, owned by Rick Caruso, was closed due to fire-related contaminants.
Caruso is investing $60 million to renovate the mall, replacing drywall and soil.
Demolition is complete, and tenant spaces are being restored.
Erewhon will reopen with a larger outdoor seating area.
About 90% of tenants are expected to return, including restaurants and fashion designer Elyse Walker.
The mall is scheduled to reopen in August 2026.
Other commercial properties, like the Business Block and Palisades Plaza, are also undergoing rebuilding.

Sources

T1
A Mall in the Palisades, Protected From Wildfire, Prepares to ReopenThe New York Times
T2
Erewhon and others shut by fire set to reopen in Pacific Palisades mall - AOLaol.com
T2
News | In Pacific Palisades, stores are slow to reopen after January wildfirecostar.com

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