Los Angeles developer Latigo Group bought the roughly 8-acre property at 2150 Hillcrest Drive in Thousand Oaks for around $25.5 million, or about $3.1 million an acre, on March 28, according to CoStar data and public records. The developer aims to build a 333-unit, luxury apartment development on the site as part of a mixed-use project, Mark Maron, its co-founder and managing partner, told CoStar News.

The Pomelo Apartment Community Will Provide Area Renters A Resort-Level Lifestyle Of Premium Amenities Along With Beautiful Home Interiors.