Key facts
- Palisades Village will reopen on August 15, 2025.
- The reopening follows an 18-month recovery effort after the January 2025 fires.
- The rebuilding cost approximately $100 million.
- The shopping center is now 99% occupied.
- Permits for reconstruction have been slow in affected areas.
Palisades Village, a luxury open-air shopping center in Pacific Palisades, is set to reopen on August 15, more than 18 months after suffering significant damage during the January 2025 fires that swept through the greater Los Angeles area. The extensive renovation, overseen by owner and developer Rick Caruso, cost approximately $100 million.
The 125,000-square-foot property, valued at $200 million and completed in 2018, was among thousands of structures impacted by the Palisades fire. The rebuilding process involved removing contaminants and reconstructing walls, systems, and interiors, according to the Los Angeles Times.
Longtime local businesses, including fashion designer Elyse Walker and shops like Loomey’s Toys, are finding new homes in the center after their original storefronts were lost. The property is nearly fully occupied at 99%, with local chefs opening new restaurants.
Caruso noted that about 30% of the mall's customer base was directly affected by the fires. He expressed hope that the reopened village will attract residents from surrounding areas like Santa Monica, Brentwood, and Malibu, as well as other parts of Los Angeles.
While Caruso plans a subdued reopening without a large celebration, local residents interviewed by the Times view the mall's return as a potential milestone in the community's ongoing recovery. Rebuilding efforts across the wider affected regions, including Pasadena and Altadena, have progressed slowly. In the Palisades area, only a small fraction of destroyed homes have been rebuilt or approved for occupancy, with commercial reconstruction also facing delays due to slow cleanup and insurance payouts. Los Angeles County recently introduced a program to expedite permitting for rebuilding efforts in Altadena.