Pacific Palisades, which overlooks the ocean, has been overlooked by developers.
That's the view of Paul Gienger, director of development for Topa Management Co. of Los Angeles.
Topa will open its $7.5-million, two-level Palisades Plaza at 15200 Sunset Blvd. on Wednesday. The mixed-use project is almost totally leased.
"Pacific Palisades has emerged as a strategic retailing and office center in the West Los Angeles market," Gienger said.
He adds that Palisades Plaza represented a challenge to create a modest-size commercial project that responded to community desires. "We even changed our original design from brick to a Mediterranean theme because sentiment at community meetings called for it, he said."
Nearly All Leased
All but 1,200 square feet of the project's 30,000 square feet of rentable space--above two levels of subterranean parking for 102 cars--remains to be leased.