MBK Rental Living acquired the 7.1 acre site at 1872 Newbury Road (at NE Kelley Road), Thousand Oaks in 2023 and is developing it into a 218-unit luxury apartment community. The project will offer both market rate and affordable residences across multiple two and three story buildings and will offer studio, one bedroom and two bedroom floor plans. Twelve percent of the residences will be designated as affordable housing.

Located on the site is the historic Timber School House and auditorium. Established in 1888, the Timber School District was formed by early ranchers in the Conejo Valley. The original Timber School was a one room schoolhouse that was demolished to make way for the new Timber School House that was built in 1924. The auditorium was built in 1948. These buildings were designated as historic landmarks in 2004 by the City of Thousand Oaks and Ventura County Cultural Heritage Board. Most recently, Conejo Valley High School occupied the buildings until 2015. These buildings will be preserved, rehabilitated and repurposed as the community’s leasing office, co-working space, clubhouse, and children’s lounge.

Grading of the site is currently taking place as of October 2024 and the grand opening is slated for early 2026. Pre-leasing will begin in late 2025. Learn more at www.thesanctuarythousandoaks.com.