With final approval by the Thousand Oaks City Council, Shapell Properties plots out 50-acre industrial campus.
Nearly 50 years ago in 1977, a real estate firm bought up thousands of acres of ranch land in the Conejo Valley.
To put this purchase in perspective, the deal was cemented the same year former President Jimmy Carter had been sworn in, the same year Elvis Presley’s death had devastated the nation, and the year we had just been graced with the first of many “Star Wars” movies.
Disco was exploding, and Shapell Properties grooved to the potential of all that its massive Thousand Oaks acquisition could bring.
Decades later, Shapell has built more than 900 single-family homes in a community that came to be known as Rancho Conejo Village in addition to developing about 350 units in a multifamily property called the Arroyo Villas Apartments and earmarking some pieces of the land as open space.
