Pabst Farms recently announced the start of sales for a 144-unit luxury condominium project in the massive development at I-94 and Highway 67 in Oconomowoc.
Grading has begun in preparation for the first phase of the condo project, called Village Crossing at Pabst Farms. The condos are expected to be ready for occupancy by mid-summer, 2008.
The recent announcement that Beechwood, Ohio-based Developers Diversified Realty Corp. will build the 1 million-square-foot regional retail center in Pabst Farms is expected to boost sales for the condominiums that will be located within walking distance, Pabst Farms executives say.
"We are confident that now is the right time to introduce a maintenance-free, upscale residential component at Pabst Farms that appeals to empty nesters as well as young singles and couples alike," said Jake Griswold, Pabst Farms project manager for Village Crossing. "We know from our research that being and feeling connected is very important to prospective condominium buyers. Being able to walk or bike to the grocery store and the bank and meet neighbors for coffee at Starbucks is a unique benefit at Pabst Farms. And once Pabst Farms Town Centre is built, imagine being able to walk to an even greater variety of stores and restaurants. We did an extensive study of the local condominium market which so far is holding up well despite a relatively soft housing market. In addition, we conducted focus groups to help us determine the kind of designs people are looking for."
The general contractor for the condominium homes at Pabst Farms is Wired Construction LLC, a division of Wired Properties, a Milwaukee-based boutique real estate development, consulting and construction firm with expertise in full-service multi-family consulting.
The condo development will feature side-by-side condominium homes located in clusters. A variety of open concept condominium designs are being offered including both ranch-style and two-story with first floor master bedrooms. Floor plans range in size from 1,380 square feet for a two bedroom two bath home to more than 2,500 square feet for an expanded four bedroom three bath home with loft. Full basements are standard, offering buyers an additional option for expanded living space. Standard luxury features include granite countertop kitchens with beech wood cabinetry, Pella windows, wood and ceramic tile flooring plus stone or brick exterior accents.
"Village Crossing will set a new benchmark in convenient Lake Country luxury," Griswold said. "Condominium owners will enjoy the best of master-planned living."
Pre-construction prices in Village Crossing start at $269,000, and sales in the first phase are on a first-come, first-serve basis. Reservations are being taken for condominium homes in future phases as well.