Update: They opened in early August 2017.
I've driven by the sign numerous times while driving down Thousand Oaks Boulevard recently but today finally stopped to document the excitement. The former home of Geppino's Sicilian Kitchen (which closed earlier this year) and Vitello's before that will soon be home to Prawn & Basil.
The liquor license sign in the window at 3316 E. Thousand Oaks Boulevard (just northwest of Duesenberg Drive) says "Prawn & Basil by Exotic Thai" so there appears to be a connection with another Thai place around town. We shall see. No timing at this point but the sign sure looks good. Stay tuned.