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By Alex Nemec
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
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