New Cooney apartment complex fills fast
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.
Top stories from the Lake Country area. Tuesday afternoons and Thursday mornings.
Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter Get the Newsletter!
Celebrate Lake Country
communities with stories
Do you have news or a nonprofit event that you would like to share with the community? Whether it's a community organization, a business, a local school, or a notable neighbor, we'd love to hear about it.
- soothe your soul in door county, wi - blissfull yoga retreat with soul on yoga
- Enjoy Fun Activities at the Schauer Center Open House
- UW-Waukesha Fall Classes - Come Grow with Us!
- Shop 'til you drop to benefit HPHC
- 2nd Annual charity GMMO to be held at Senic View Golf Course
- Lake Country Martial Arts Ninja Camp
- Local Chiropractors Discuss: Which Type of Yoga is Right for You?
- 2014 GreenBuilt Home Tour Features Twin Lakes WI Home.
Lake Country residents share their views on news, happenings and current events.
LivingLakeCountry.com features more than a dozen community bloggers - a group of volunteer conversation leaders who are up on the latest topics and never short on an opinion. Just a few are pictured here. Check out the rest and see what they have to say!
View All Blogs
Do you want to become a Community Blogger? LivingLakeCountry.com welcomes your thoughts and opinions. Contact us for more information:
I want to blog