Pacific Coast Business Times: Mixing it up – Thousand Oaks getting city’s first mixed-use development
Thousand Oaks will soon have its first mixed-use residential project as part of a broader effort to revitalize its downtown area.
“We’re the first project,” said Gary Collett, one of the investors. “We’re setting the tone.”
The 36 market rate apartments will rise in the spot of the former Lupe’s Mexican Restaurant at 1710 Thousand Oaks Blvd. The city’s Planning Commission approved the development, the largest mixed-use residential and commercial project in the city’s history.
The first floor will consist of restaurant space. The developers are hoping for one large restaurant or possibly two small ones within the 5,000 square feet of commercial space.
The apartments will be built on the second and third floors. Most of the apartments will be two bedrooms, and four of them are intended to be “live-work” units, for a pianist or an architect, said developer Vince Daly.