Delayed luxury lake condo project ready to move forward
18 units to sell for $999K to $1.5M

By Katherine Michalets - Freeman Staff

May 28, 2017

 The view of Parc at Lac La Belle from Wisconsin Avenue. The condo development will have 18 units ranging in price from $999,000 to $1.5 million.
Submitted rendering

OCONOMOWOC — Another luxury residential development in downtown Oconomowoc is set to move forward with 18 units ranging in price from $999,000 to $1.5 million — and the two at the highest price are already reserved.

The project was put on hold for about the past year when developer Jon Spheeris waited for cost estimates from the builder.

“The planning and design phase has been completed and we will soon be ready to begin work on the project,” said Spheeris, a Lake Country developer and real estate broker for Coldwell Banker Elite, in a statement.

The project “was delayed more or less” because he didn’t have final costs for the project and Spheeris said he wanted hard numbers so he knew what to ask for the units.

Of the 18 units, four have been reserved.

 As seen from the lake, the Parc at Lac La Belle units will have covered balconies with unobstructed panoramic views of Lac La Belle and the development will have its own marina with direct lake access.
Submitted rendering

The Parc will offer 16 residences and two penthouses in the 100 block of West Wisconsin Avenue. All of the units will have covered balconies with unobstructed panoramic views of Lac La Belle. Each unit features three bedrooms, two baths and a powder room, kitchen, dining area, great room and library/den, both with fireplaces, and in-unit laundry.

According to the Friday announcement, people who secure their units now can customize their residences from the selection offered by The Parc or with assistance from The Parc’s team of decorators.

Spheeris said he hopes to break ground on the development late this summer and anticipates it will take about a year to build.

Next door to The Parc is Eagle’s Landing at Lac La Belle, for which the Oconomowoc Common Council approved tax incremental financing during a special meeting Thursday night.

Eagles Landing is a 21-unit condominium development that will be constructed where the former Spinnakers restaurant stood. Plans for the project include space for a restaurant.

Spheeris said The Parc was approved by city staff and he thinks the developer’s agreement is still in effect. A public sidewalk that the city wanted to install next to The Parc, but which Spheeris was hesitant to agree to, will now be installed, he said.

Working on the project is designer and architect Kent Johnson, the creative interior design team of Dream House – Dream Kitchens, Inc. and landscape designer Dennis Buettner, whose portfolio includes the Wisconsin Governor’s Mansion and the Villa Terrace Decorative Arts Museum on Milwaukee’s lakefront.

Once constructed, the units are divided equally between two mid-rise towers surrounded by custom landscaping. Each tower has semi-private elevators with fob entry to individual units. In addition, The Parc will have its own marina with direct lake access and several boats on hand for residents to reserve for a day on the lake.

More information can be found at www.theparconlaclabelle.com.

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