Lately | The Revitalization of Palisades Village - Rick Caruso
Following the devastating January 2025 wildfires in Los Angeles, Caruso CEO Corinne Verdery is leading a $50 million revitalization of Palisades Village, aiming for a full reopening by mid-2026. The upscale outdoor shopping center, largely spared due to Caruso's private firefighting unit, will see infrastructure upgrades and the return of luxury retailer Elyse Walker, whose flagship store was lost in the fires. Most tenants plan to return, reaffirming the center's role as a community hub. Verdery's leadership has driven record-high occupancy and revenue across Caruso properties, emphasizing community engagement and premium experiences.
