Oconomowoc, WI – Retail
This property is located on the southwest corner of Country Highways P and Z in the city of Oconomowoc. The site has a total land area of 18.7 acres and was appraised as fully functional, with easy access and visibility, and level topography with no drainage issue. In 2004, Wangard developed 65,000 of SF net rentable retail center, Prairie Creek Shoppes.
On this property, the ownership group created a large wetland in place of an existing smaller wetland. The creation of this wetland was the first such project of this type to emerge from a newly enacted Wisconsin State Law regarding wetland development; the new law provides for replacing every acre of wetlands that is “filled” with 1.5 acres of new wetlands. This project created new wetlands and restored a previously impacted wetland in conjunction with protecting an existing trout stream on the property, significantly enhancing the natural habitat on the site.