[CPEO-BIF] Palisades Village, Los Angeles, California

[Lenny Siegel <lsiegel@cpeo.org>]

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
<lsiegel@cpeo.org>
http://www.cpeo.org

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