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New Cooney apartment complex fills fast

Nov. 26, 2012

City of Oconomowoc - Developer Stewart Wangard seems to have pinpointed today's housing market.

The 102 units of the first phase of his latest development in the city, Preserve at Prairie Creek, a high-end apartment complex, is completely occupied 1 ½ years after it was built.

Wangard was among area developers who said bigger homes and sprawling properties have taken a back seat to apartment-style residential living in today's economy.

The complex is near the southwest corner of highways P and Z near the Piggly Wiggly on Brown Street and is a chunk of land formerly owned by Bielinski Homes Inc., but went to M&I Marshall & Ilsley Bank after the economy and housing market took a hit.

However, Wangard Partners Vice President, Tony Derosa, said it's not just smaller, apartment residences that have driven this development, it's the lifestyle that comes with it.

"The amenity package is unmatched. We have a state-of-the-art clubhouse, on-site leasing and property management offices, an outdoor swimming pool, fire pit and grill," Derosa said of things residents enjoy on a regular basis.

The appeal of having a morning paper to pick up at the clubhouse or the nearby wooded area with Rosenow Creek could be another draw. Nother appealing aspect could be a grocery store and other retail offerings within walking distance. Derosa said these are all also big draws that have attracted residents from a vast demographic.

"We appeal to a wide range of people, from young people in their 20s to those in the later stages of their life and people moving here from out of the state," he said.

With the completion of Phase I, construction on Phase 2 has begun to add 126 units with a third phase planned to add 147 units for a total of 375 apartments.

City of Oconomowoc Mayor Jim Daley acknowledged the development at his recent state of the city breakfast, saying he was impressed with its success. He hailed Wangard as one of many developers the city has worked with over the past few years with "vision."

"It's nice to see these signs of life. It shows resilience," Daley said of the recent development.

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Weekend Happenings

Featured this week:  

A Holiday Bazaar and Craft Fair will be held from 9 a.m. to 4 p.m. Saturday, Nov. 1, and 8 a.m. to noon Sunday, Nov. 2, at St. Jerome Parish School, 1001 S. Silver Lake St. The bazaar will feature handcrafted items, a raffle and Sweet Shop treats. A luncheon, which includes a beverage and dessert, will be $7 and served from 11 a.m. to 1 p.m. Saturday, Nov. 1. Admission is free.
The Four Guyz in Dinner Jackets Doo-Wop Quartet will entertain from 7 to 9 p.m. Saturday, Nov. 1, at St. Olaf’s Church, Highway O and Roosevelt Road in the town of Ashippun. Cost is $20 adults in advance, $25 at the door if seats are available. Call (414) 651-3915 for tickets.
A Supreme Breakfast will be held from 8 a.m. to 12:30 p.m. Sunday, Nov. 2, at St. Bruno Church, 266 W. Ottawa Ave., Dousman. Breakfast includes pancakes, French toast, sausage, eggs, hash browns, orange juice and coffee.Proceeds to benefit charities in the Dousman area. Hosted by the Dousman Knights of Columbus Council 6436 with the Dousman Masonic Lodge 315. Cost is $7 adults, $3 children under 10.
The Oconomowoc Winter Farmers Market will open for the season and celebrate five years starting at 9:15 a.m. Sunday, Nov. 2, at Oconomowoc Landscape Supply and Garden Center in Oconomowoc. From 9:15 to 9:30 a.m. will be a ribbon cutting; 10:15 to 10:30 a.m. will be birthday cake cutting and presentation by Alice in Dairyland. The market will be open 9:30 a.m. to 1 p.m. Sundays through March 2015, except Nov. 30 and Dec. 28. For more information, visit www.oconomowoc.org.

Updates to this calendar are made weekly Monday afternoon. 

 

All weekend happenings.