2014 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: Thu, 4 Dec 2014 23:21:41 -0800 (PST)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] Palisades Village, Los Angeles, California
Caruso Closes Escrow on Palisades Enclave.

By Andrew Asch
Apparel News
November 26, 2014

Rick Caruso, developer of The Grove and The Americana at Brand retail centers in the Los Angeles area, announced Nov. 25 that his company, Caruso Affiliated, closed escrow on Swarthmore Avenue in the wealthy enclave of Pacific Palisades in Los Angeles.

The announcement is a milestone in a two-year saga to develop the street into a retail district named Palisades Village. It currently is the address of boutiques, restaurants and many empty storefronts. Caruso acquired the land, said to be 2.77 acres, in December 2012.

However, his company found that parts of it had been contaminated by toxic chemicals left over from a dry-cleaning business. Caruso worked with California’s state Department of Toxic Substances Control to develop a plan to clean the space up, the developer said.


For the entire article, see
http://www.apparelnews.net/news/2014/nov/26/caruso-closes-escrow- palisades-enclave/


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918

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