Medical office condo complex coming to Thousand Oaks

Silagi Development, Neal Scribner, A.I.A. Architecture

Silagi Development & Management Co. has announced plans for building what’s reportedly the first medical office condominium in Ventura County in many years.

Moshe Silagi, principal of Thousand Oaks-based Silagi Development & Management Co., said the new development, to be known as Regency Medical Plaza, will be a two-story, 70,000 sq.-ft. project located on 4.5 acres of land at Newbury Road between Lynn and Ventu Park roads.

Silagi said construction is expected to begin in September with a summer 2004 completion slated.

"The condominium concept provides an opportunity for area doctors to make an alternative investment by using attractive 90 percent SBA financing, which can enable them to own for as little as $30,000 down.

Additionally, we are seeing considerable interest from Westside doctors to establish satellite offices in Conejo Valley," Silagi said.

The project has been designed by Neal Scribner, A.I.A. Architecture of Thousand Oaks.