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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:  

Country Christmas Outdoor Drive-through Lights Display: Nov. 27-30, Dec. 5-31. Country Springs Hotel, 2810 Golf Road, Pewaukee. Wisconsin’s largest drive-through holiday lights event features more than a million holiday lights along a mile-long trail that winds through the woods, Includes animated figures and holiday scenes. Call (262) 970-5398 for details. $15-$25. $15 per carload, $25 limo, mini-coach or large van. www.thecountrychristmas.com

 World’s Greatest Cookie Sale: Noon-4 p.m.  Nov. 28, Country Springs Hotel, 2810 Golf Road, Pewaukee. Sale features homemade holiday cookies and baked goods in many varieties. Entertainment includes magic shows, cookie and cupcake decorating, face painting, holiday coloring contest and Santa and Mrs. Claus. Sale ends at 4 p.m. For more information on the World’s Greatest Cookie Sale, call Country Springs, (262) 547-0201 or visit thecountrychristmas.com/cookiesale. Free.

 German Christmas Market: 11 a.m.-10 p.m. Nov. 28, 29 and 11 a.m.-4 p.m. Nov. 30, Downtown Oconomowoc, 100 E. Wisconsin Ave., Oconomowoc. Celebrate Wisconsin’s heritage at this family festival that features heated tents, German beer, music, live bands, authentic German food, vendors, Santa and more. Free http://www.germanchristmasmarket.org. 

 Oconomowoc Winter Farmers Market: 9:30 a.m.-1 p.m. Nov. 30, Oconomowoc Landscape Supply & Garden Center, County Road K, Oconomowoc. Features local seasonally grown produce and artisan food products.  www.oconomowoc.org.

Updates to this calendar are made weekly Monday afternoon. 

 

All weekend happenings.