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THOUSAND OAKS, CA-Locally based BTE Investment Group has won approval from the City of Thousand Oaks Planning Commission for a new 90,000-sf project called Skyline Storage that will feature 800 climate-controlled storage units in a facility that BTE expects to begin building later this year. Fred Simanek, a principal with BTE, tells GlobeSt.com that the company won approval of the project on a 5-0 vote by the planning commission, setting the stage for construction to begin in the third quarter of this year and be completed in the first quarter of 2009.

“The city has huge barriers to entry for a storage facility, so this project can be considered a big success by anyone’s standards,” Simanek tells GlobeSt.com. Thousand Oaks has turned down two other proposed storage projects in the past 24 months, in part because the storage use generates no sales tax and generally employs only a couple of workers.

Designed by architect Neal Scribner of Thousand Oaks, the new storage facility will be developed at 100 N. Skyline Dr. on a one-acre site that is vacant land. Simanek says that BTE’s plan is to hold and operate the project when it is completed.

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