Page 86 - #200 June/July 2025

Palisades Village Revitalisation,
Los Angeles, California, US

LOS ANGELES MILAN
Los Angeles boasts a dynamic and diverse retail market driven by its Milan’s retail market remains one of Europe’s most dynamic, driven
large population, tourism and affluent consumers. The city is a hub by high tourist footfall and strong local spending. The city blends
for luxury, fashion and lifestyle brands, with strong performance in luxury fashion with emerging concept stores, anchored by prime
high-street corridors like Rodeo Drive and The Grove. Retail demand is shopping areas like Via Montenapoleone and Corso Vittorio Emanuele
bolstered by entertainment, hospitality and tech sectors. E-commerce II. Demand for flagship spaces remains robust, especially from global
growth has prompted omni-channel strategies, while experiential retail brands seeking presence in this fashion capital. Retail rents in prime
and pop-up stores are reshaping physical spaces. Despite challenges from zones are among Italy’s highest, supported by steady recovery in tour-
inflation and shifting consumer behaviour, foot traffic and leasing activity ism and domestic consumption. While e-commerce growth influences
are rebounding. Mixed-use developments and revitalised neighbourhoods consumer habits, physical retail continues to thrive, especially in expe-
continue to attract investment, making LA’s retail sector resilient and riential formats. Sustainability and digital integration are key trends
adaptable. Palisades Village, the open-air shopping and lifestyle destina- shaping future development. Standout projects include Milano Innova-
tion in Pacific Palisades, is slated to reopen in 2026, with early to mid-year tion District (MIND), an ideal urban district for building the city of the
targeted for its return. The relaunch will feature returning tenants, new future, where collective well-being; sustainability and social inclusion
offerings and a renewed focus on community-centred spaces. Among the are the foundations. Another key location is the Porta Romana Olym-
notable returns is luxury fashion retailer elysewalker, a cornerstone of pic Village, which will consist of a large Central Park, urban continuity,
the Palisades retail scene. The brand will relocate and reopen its flag - pedestrian and cycle connections, an eco-zone, public squares and the
ship store within the revamped Palisades Village, reaffirming its long- Suspended Forest: these are the defining elements of the Parco Romana
standing ties to the neighbourhood. In addition to legacy retail, a new Masterplan, which will see nature and the city united in an innovative
dining concept is expected to be unveiled in the coming months, adding and sustainable network of public spaces. The site will be converted
to the reimagined village experience. into student housing and retail space after Milano-Cortina 2026.

Porta Romana Olympic Village, Milan, Italy

86 RETAIL & LEISURE INTERNATIONAL JUNE/JULY 2025