New Palisades Village Real Estate Project on Track for Summer Opening
New Palisades Village Real Estate Project on Track for Summer Opening
The redevelopment of Palisades Village real estate now enters a final thrust to be ready for a summer 2018 completion. On Swarthmore Avenue off Sunset Boulevard, Palisades Village represents the revitalization of historic Pacific Palisades. Rick Caruso carefully designed this charming community gathering spot.
Besides its notable architecture, the village includes best in class retailers and restaurants are part of the 116,000-square-foot project. Unveiled in 2014, the project broke ground in June 2016.
Homes near Palisades Village
Wouldn’t it be wonderful to live within walking distance of the Palisades Village Green and shops? The Alphabet Streets neighborhood real estate is closest. It is comprised of older homes in the center of Pacific Palisades. Before the Caruso development became a reality, these downtown homes were the most reasonably priced in Pacific Palisades.
However, the new Palisades Village amenities close by are changing all of that. Home prices have been climbing steadily. For example, an older home formally priced at $1.7 million has appreciated to $2.5 million, according to an article in the Hollywood Reporter (08/10/17). Surrounding neighborhoods are also affected by significant added values.
Palisades Village Real Estate – Commercial and Retail
Chain stores are not permitted in Palisades Village. All retail and commercial areas will be unique to Pacific Palisades. Below is a list of several important anchors in Pacific Village.
- FdeiM’s Madeo, a 4000-square-foot eatery from Hollywood, will join the shops in a two-story Cape Cod-style building.
- Sweet Laurel Bakery, a paleo-centric baker, will open a 500 square foot shop.
- McConnell’s Ice Cream from Santa Barbara will have an 800-square-foot shop.
- Bay Theater, operated by Cinepolis, will provide five screens and 40-60 luxury seats for screening rooms.
- Recently announced retail establishments include Carbon 38, Marysia, Miller’s Oath, Zimmerman, and Elyse Walker.
Pacific Palisades and Palisades Village Green
Pacific Palisades is one of the most unique communities in the world. The residents and businesses welcome the renaissance of their small-town center and green. Part of the project is the Palisades Village Green, a privately-owned park at 15280 Sunset Boulevard between Swarthmore and Antioch.
The attractive comfortable space was developed in 1923 and designed by the Olmsted Brothers of Brookline Massachusetts. It is a triangular-shaped parcel of land. 50 years later residents raised the money to purchase the land, which had moved into commercial ownership. Palisades Village Green was formally dedicated on August 17, 1973. It is a tribute to resident’s spirit, generosity, and love of beauty.
Real Estate Companies – Pacific Palisades
For information about Pacific Palisades real estate near Palisades Village, please call Bob Cumming of Keystone Group Properties at (310) 496-8122.
