With construction on fire-damaged homes and now-empty lots springing up all around, the Palisades Village shopping center, owned by billionaire real estate mogul Rick Caruso, is laying the groundwork for a grand reopening targeted for mid-2026.

The Pacific Palisades’ Palisades Village mall is set to reopen next year after surviving the January wildfires.

The key player in L.A.’s post-fire revitalization efforts teased reopening plans (including a new restaurant and holiday gatherings) while praising a new retail partner: “I believe you have to have an economic engine.