With a vision to bring a re-imagined version of the long defunct Bay Theater as part of the plan, local residents seem excited to see this move forward. Of course, there are detractors who are concerned about traffic (what else is new), parking, or that it looks too much like Caruso's "The Grove" complex.
Considering the cost of putting together a project like this, I'm surprised how low density it actually is. Everything is limited to one or two stories, and the plan even includes a small park to replace a current parking lot.
Having grown up in the Palisades - back in the 1970's, when the community was much more "middle income" - it looks pretty stellar.
Here's a link to a story in Curbed Los Angeles, with more photos and a ten minute promotional video.