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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:  

The Madison Area Concert Handbell Ensemble: 2:30 p.m. May 9, St. Paul’s Lutheran Church, 210 E. Pleasant St., Oconomowoc. One of the largest and finest handbell ensembles in the state of Wisconsin with numerous octaves of bells and chimes. (262) 567-5001, www.splco.org, Free.

Healthy Indian Cooking with Alamelu: 1 p.m. May 9, Delafield Public Library, 500 Genesee St., Delafield. Explore, learn and taste the range of flavors found in healthy Indian cuisine. The PBS cooking show presenter and author of several cookbooks, Alamelu Vairavan, emphasizes easy to prepare aromatic and flavorful foods. Book signing to follow. Free.

St. Joan of Arc Pasta Dinner: 5:30 p.m. May 8, St. Joan of Arc School, 120 Nashotah Road, Nashotah. Adults $5, children and students $3, children 3 and under free. Beer and wine $3. all inclusive wristband $15.

Outdoor Composting to Suit Your Site Workshop: 10 a.m. May 9, NuGenesis Farm, N68 W33208 County Road K, Oconomowoc. A presentation handout, composting pamphlets from the Wisconsin DNR and weather permitting, a short outside demo and tour of NuGenesis will all be included. $15 recommended donation.

Updates to this calendar are made weekly Monday afternoon. 

 

All weekend happenings

 

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