Preliminary Olympia redevelopment plans expected this fall
Site's future could involve razing hotel building

By Alex Nemec

Aug. 15, 2019

OCONOMOWOC — Stewart Wangard and his firm have presented their preliminary plans to redevelop the Olympia site and hope to have something more concrete in September or October, he said.

Wangard bought the Olympia site in December for $3.4 million and pitched plans to develop the old resort property into apartments, as well as build single-family housing in the future for the property.

The strip mall to the south of Olympia is also owned by Wangard, presenting the opportunity for him to redevelop the entire corridor.

Mayor David Nold said in a December Enterprise article that the Summit Avenue corridor is crucial in the city.

“That area is ripe for redevelopment and I hope they work together with the surrounding properties to create something special,” Nold said.

One of the options still available to Wangard is tearing down the resort to start fresh.

“There will be a substantial amount of apartments at the Olympia hotel site, but one of the things we’re considering right now is to clear the site and tearing down the hotel,” Wangard said.

Wangard said he couldn’t say much else about the development and that he hopes to bring more to the public in September or October.

<<EARLIER: Olympia property sells for $3.4M to Wangard Partners