If you live in Thousand Oaks, Westlake Village, Camarillo and surrounding areas, grocery shopping is about to look a little different, and a lot exciting!
Three major grocery developments are reshaping the area's retail landscape: Erewhon Market is opening its first Ventura County location in Thousand Oaks on August 26th, 2026; Whole Foods Market is coming to The Promenade at Westlake; and a brand-new Costco is coming to Camarillo in October 2026.
For homeowners, these openings are about more than where to buy groceries. New, high-quality retail and lifestyle amenities can contribute to the overall appeal of a neighborhood, influence how buyers perceive an area, make everyday life more convenient, and potentially increase home values.
Of the three, Erewhon's arrival in Thousand Oaks may be the most interesting from a real estate and lifestyle perspective. If you have questions about your specific neighborhood, and how new developments affect your home value, please reach out to Lydia Gable or an agent on our team. We are always happy to chat!
Erewhon Market OPENS in Thousand Oaks
The biggest grocery news in Thousand Oaks is finally becoming reality. Erewhon Market will officially open its first Ventura County location on Wednesday, August 26, 2026, 9:00am, at The Lakes at Thousand Oaks. The store is located at 2150 E. Thousand Oaks Boulevard, in the former Lassen's Natural Foods & Vitamins space. The grand opening is scheduled for 9 a.m. to 9 p.m., with regular store hours listed as 7:30 a.m. to 9 p.m.
This isn't simply another supermarket coming to Thousand Oaks. Erewhon has developed a reputation as a premium organic grocery and wellness destination, with an emphasis on organic and specialty foods, prepared meals, fresh juices and smoothies, coffee, wellness products and an experience that feels more like a lifestyle destination than a traditional grocery store.
The Thousand Oaks location will include Erewhon's signature Tonic Bar, café and indoor/outdoor dining area, bringing another destination-oriented amenity to The Lakes.
What Could Erewhon Mean for Homeowners In Thousand Oaks?
For people who already live in the Conejo Valley, there is an obvious benefit: more choices close to home. But there is a bigger story here.
Retailers carefully consider demographics, household income, consumer spending, location, traffic patterns and the surrounding customer base when deciding where to open new locations. Erewhon has historically concentrated its stores in affluent Southern California communities, including Calabasas and Beverly Hills.
So what does it say about Thousand Oaks that Erewhon chose to open here? At minimum, it demonstrates that the company sees a strong enough customer base in the Conejo Valley to support its premium grocery and wellness concept. And that is interesting from a real estate perspective.
Let's be clear: a new grocery store does not automatically increase the value of every home nearby. Real estate values are influenced by many factors, including location, schools, housing supply and demand, property condition, interest rates, employment, neighborhood amenities and overall market conditions.
However, desirable amenities can contribute to a community's overall appeal. And grocery stores are particularly important because they are part of people's everyday lives. A beautiful restaurant is nice too. A new boutique is fun. Erewhon is all of those. And a high-quality grocery store that you can visit several times a week can become part of the way you actually live in a neighborhood.
1. It Adds Another Lifestyle Amenity
Erewhon isn't positioned strictly as a place to purchase milk, eggs and cereal. The brand combines groceries with prepared foods, beverages, wellness products, beauty products, café-style offerings and an experiential environment. That fits particularly well with the Conejo Valley's lifestyle.
Residents already have access to hiking, parks, golf, country clubs, restaurants, shopping and outdoor recreation. Adding another high-end wellness-oriented destination strengthens that lifestyle ecosystem. For buyers relocating to the area, those details matter.
2. It Makes Thousand Oaks More Attractive to Certain Buyers
Different buyers are attracted to different amenities. Some want to be close to golf. Some want restaurants and shopping. Some prioritize schools. Others want trails, parks and outdoor recreation.
Increasingly, lifestyle-oriented buyers care about access to organic food, wellness businesses, specialty markets and convenient prepared-food options. Erewhon adds another piece to that puzzle.
For buyers who are already familiar with Erewhon from Santa Monica, Calabasas or other Southern California communities, having one in Thousand Oaks makes the Conejo Valley feel a little more connected to that upscale Southern California lifestyle.
3. It Could Strengthen the Appeal of the East Thousand Oaks Corridor
Erewhon is opening at The Lakes at Thousand Oaks, a long-established outdoor shopping and dining destination along Thousand Oaks Boulevard. The Lakes already combines restaurants, shopping, services and entertainment in a walkable setting. Adding a nationally recognized premium grocery brand gives residents another reason to visit the center, and potentially spend more time there.
It also contributes to a larger trend we're seeing throughout the Conejo Valley: shopping centers are increasingly becoming lifestyle destinations rather than simply collections of stores. That can be valuable for communities because residents aren't just looking for a house. They're looking for a place where they enjoy living: parks, community centers, fitness clubs, coffee shops, cowork spaces, private member clubs, and inviting shopping areas like The Lakes.
4. It May Be Particularly Interesting for Westlake Village and Nearby Homeowners
Even though Erewhon is technically located in Thousand Oaks, its location at The Lakes puts it within easy reach of Westlake Village residents. City boundaries don't necessarily reflect how people actually live.
Residents routinely cross between Westlake Village and Thousand Oaks for shopping, restaurants, schools, recreation, entertainment and services.
So when evaluating the real estate impact of a new amenity, it's often more useful to think about the neighborhood and lifestyle radius than simply the municipal boundary or zip code.
Is Erewhon Going to Raise Home Values?
Possibly—but probably not in a simple “Erewhon opened, therefore my house is worth X% more” way.
That distinction is important. There is no reliable formula that says a new grocery store automatically increases nearby home values by a specific percentage. Instead, amenities can contribute to buyer desirability and overall neighborhood appeal.
When multiple desirable investments happen in the same area (new restaurants, shopping, entertainment, infrastructure, parks, employment centers and grocery options) the cumulative effect can make a community more attractive and financially valuable. And that is arguably a more interesting story happening in Conejo Valley from our perspective as local real estate agents and homeowners.
Whole Foods Is Also Coming to Westlake
Erewhon isn't the only major grocery development to watch. Whole Foods Market is coming to The Promenade at Westlake at 140 Promenade Way in Thousand Oaks. The new Whole Foods will occupy the space previously used by Amazon Fresh, which closed in 2025. The Promenade currently lists Whole Foods as “Coming Soon.”
The Promenade is already one of the Conejo Valley's major lifestyle shopping destinations, with restaurants, retail, entertainment and services. Adding Whole Foods gives the center another everyday-use anchor.
And unlike Erewhon, which occupies a premium luxury-wellness niche, Whole Foods is likely to function more as an everyday full-service grocery option for residents in Westlake Village and surrounding neighborhoods. For nearby homeowners, that combination of grocery shopping, restaurants, retail and entertainment in one location at The Promenade is a meaningful lifestyle convenience.
A Little Caruso History
There’s an interesting connection between two of these new grocery destinations: both The Lakes at Thousand Oaks and The Promenade at Westlake are owned and operated by Caruso, the Southern California development company founded by Rick Caruso.
Caruso has a long history of creating curated, lifestyle-oriented destinations designed to be more than shopping centers, and focused on creating places where people want to shop, dine, gather and spend time. That track record makes the addition of Erewhon at The Lakes and Whole Foods at The Promenade especially interesting: both new grocery stores fit naturally into Caruso's long-standing strategy of turning retail properties into vibrant community destinations.
Costco Is Coming to Camarillo, Oct 2026
Further west, another major grocery and retail development is taking shape. Costco is coming to Camarillo Town Center, with the new warehouse expected to open in fall 2026. Some sources saying October 30th and others saying November. The facility will be approximately 160,000 square feet, with a 32-pump Costco gas station which is already operating at the site since May 2026.
Where Erewhon emphasizes premium organic foods and wellness, and Whole Foods sits somewhere between specialty grocery and full-service supermarket, Costco is fundamentally about value, bulk purchasing and convenience for local families in Newbury Park, Camarillo, Oxnard and beyond.
Three New Grocery Options, Three Different Impacts
Together, all 3 developments say something interesting about the broader Conejo Valley and surrounding communities. The region isn't becoming one type of place. Instead, residents are gaining more choices at different price points and for different lifestyles.
What Does This Mean If You're Buying a Home in the Conejo Valley?
If you're considering buying a home in Thousand Oaks, Westlake Village, Newbury Park, Agoura Hills or nearby communities, it's worth looking beyond the house itself. Ask:
What grocery stores are nearby?
How long does it take to get to everyday shopping?
Are there restaurants and coffee shops within a few minutes?
What retail and entertainment options are available?
Are new businesses and developments coming to the area?
Is the neighborhood becoming more or less convenient over time?
What amenities might future buyers value?
These aren't the only factors that matter, of course. Schools, neighborhood character, commute patterns, property taxes, insurance, housing inventory and the condition of the individual property are all important.
But amenities are part of the lifestyle equation. And lifestyle is a big part of why people choose to live in the Conejo Valley.
What Does This Mean If You're Selling a Home?
If you're a homeowner thinking about selling, new local amenities can also become part of the story you tell about your location. That doesn't mean you should claim that Erewhon or Whole Foods has directly increased your home's value. Instead, think about how your property fits into the larger lifestyle story of the neighborhood.
For buyers who value convenience, wellness, dining and shopping, those nearby amenities can help them envision what everyday life could look like. And that's often what great real estate marketing is really about: helping buyers see themselves living there.
The Bigger Picture for the Conejo Valley
Erewhon, Whole Foods and Costco aren't going to single-handedly transform the local housing market. But they are part of a bigger picture and the everyday improvements that affect how people experience our communities. And that is exactly why we're paying attention.
Erewhon opening at The Lakes is more than a new place to buy groceries. It's another indication that Thousand Oaks and the broader Conejo Valley continue to attract businesses that believe local residents will support premium, experience-driven amenities. For homeowners, that's an encouraging thing to watch. For buyers, it's another reason to explore not just the house, but the community around it.
Frequently Asked Questions About New Grocery Stores in the Conejo Valley
When is Erewhon opening in Thousand Oaks?
Erewhon Market is scheduled to open Wednesday, August 26, 2026, at The Lakes at Thousand Oaks at 2150 E. Thousand Oaks Boulevard. The grand opening is scheduled for 9 a.m. to 9 p.m., with regular hours listed as 7:30 a.m. to 9 p.m.
Where is the new Erewhon in Thousand Oaks?
The new Erewhon Market is located at 2150 E. Thousand Oaks Boulevard at The Lakes at Thousand Oaks. It is occupying the former Lassen's Natural Food & Vitamins location. The Thousand Oaks store is Erewhon's first location in Ventura County with its next closest location in Calabasas.
When Is Whole Foods coming to The Promenade at Westlake Village?
Yes. Whole Foods Market is coming to The Promenade at Westlake, located at 140 Promenade Way in Thousand Oaks, near Westlake Village. The store will occupy the former Amazon Fresh space and is currently listed as “Coming Soon” as of August 2026.
When is Costco opening in Camarillo?
The new Costco warehouse in Camarillo is expected to open in fall 2026, with recent reports pointing to an opening toward the end of October (Oct 30th). The project includes a 160,000-square-foot warehouse and a 32-pump gas station which opened in May 2026.
Will new grocery stores increase home values?
New grocery stores do not automatically increase home values by a specific percentage. However, convenient and desirable amenities can contribute to a neighborhood's overall appeal and may influence how buyers perceive a location. The impact varies depending on the specific neighborhood, housing market and proximity to the new amenity. Historically, stores like Erewhon, Starbucks, or Whole Foods Market are indicators of strong property values.
Which new grocery store is closest to Westlake Village?
Both Erewhon at The Lakes in Thousand Oaks and the planned Whole Foods at The Promenade at Westlake are conveniently located for many Westlake Village residents. Exact proximity depends on your neighborhood and property.
Thinking about buying or selling in Thousand Oaks, Westlake Village or another Conejo Valley community? The team at Lydia Gable Realty Group | Compass follows not only home sales and market statistics, but also the developments, businesses and amenities that shape our local communities.
Because when you're evaluating real estate, where you live is just as important as the house you live in.
