Kaerek Homes and Stonewood Companies plan to build a new single-family home subdivision on a 63-acre site north of the intersection of Lake Drive (County Highway Z) and Prairie Creek Boulevard in Oconomowoc.
Based on preliminary discussions the project, called Prairie Ridge Reserve, will have about 145-150 homes, said city planner and zoning administrator Jason Gallo. It would be the first new single family home subdivision development in Oconomowoc in several years, he said.
The city had several new subdivision developments that began between 2000 and 2005. Single family home development slowed significantly during and after the Great Recession but in recent years the single family home lots in the city have been getting developed.
“We had a pretty good inventory of lots in existing subdivisions that were being filled in,” Gallo said. “(The availability of) those are coming to an end now.”
Kaerek and Stonewood is seeking a rezoning at tonight’s Plan Commission meeting to zone the site for single family home development.