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Palisades Village to Reopen in 2026 After Wildfire-Related Closure

  • Rick Caruso announced on May 28, 2025 that Palisades Village in Pacific Palisades will fully reopen by mid-2026 after wildfire-related closure.
  • The closure followed a catastrophic fire in January that caused widespread damage and displaced thousands of residents, including Elyse Walker's flagship store loss.
  • Caruso’s company is investing roughly $50 million to upgrade the 125,000-square-foot complex, surrounding streetscapes, and to relocate Elyse Walker’s new 5,000-square-foot store to the Village entrance.
  • Caruso highlighted that significant recovery and economic progress can occur even after severe damage, focusing on generating employment and revitalizing the community.
  • The reopening and revitalization aim to restore the popular open-air shopping area and support ongoing regional reconstruction efforts from Altadena to Malibu.
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NBC LA broke the news in Los Angeles, United States on Wednesday, May 28, 2025.
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