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September 2014

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Oconomowoc officials enthusiastic about downtown apartment project

A request for support of a deal to swap city owned property in downtown Oconomowoc with commercial property along North Main Street received strong support from Common Council Tuesday night.

Officials approved support of drafting an agreement with developer and property owner Bob Felker on a 55-unit apartment project. Felker owns property where the former Boelter's shoes is on Main Street. The city is looking to trade its properties across from the under-construction community center for Felker's Main Street parcels.

The move will enable Felker to build the apartments officials said would be geared toward young professionals and others in a moderate income range. Director of Economic Development Bob Duffy said Felker has developed a similar residential development in Wauwatosa he will model this development after.

The city plans to expand its Village Green not just where the buildings are now, but out to the Fowler Lake shoreline cutting off the parking and road that exists there now.

"This is a win-win," said Alderwoman Cathleen Slattery who said downtown events like the planned German Christmas Market will only grow in success with the new public meeting space.

More on this story in Thursday's Oconomowoc Focus.

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