A review of the commercial real estate market at Lake of the Ozarks in 2013 and a peek at what is coming in 2014 might surprise you. Osage Beach was by far the biggest benefactor of new businesses to the Lake Area. Last year commercial real estate growth at Lake of the Ozarks had a substantial increase. It seems to indicate things are getting back to normal.
A new development owned and anchored by Dierberg’s, a large grocer from St. Louis, opened up its 70,000 square foot facility, Lakeview Point. Dierberg’s plays host to two restaurants, Bob's Bar-B-Que, named after Bob Dierberg, and JJ Twigs, a local pizza eatery. In addition, the store has a full service UPS delivery drop off.
Also located at Lakeview Point is a new Real Estate office, Dicks Sporting Goods, and the recently opened Bed, Bath and Beyond. In total Lakeview Point has in excess of 150,000 sq.ft. of new retail and office space and employs nearly 350 full- and part-time jobs.
The Osage Beach Premium Outlet mall had new tenants move into already existing space, Osage Beach also saw the addition of an AT&T corporate owned retail store that opened up in late November at the intersection of Hwy 54 & Hwy 42. Prewitt’s Point continues to develop out with the addition of a Ross discount store.
CVS, Kohl’s, Menards, and a state-of-the-art theatre owned and operated by Wehrenberg Theatre also opened up in the new Eagles Landing development owned and operated by Prewitt Enterprises.
Gary Prewitt, a local developer and owner of Prewitt's Point, which is co-anchored by Lowe's and Hy-Vee, fought hard to keep his new project moving forward. After much public scrutiny and a retail market that has never been more difficult to place than any time in recent history, Mr. Prewitt succeeded in his second large-scale development at Lake of the Ozarks. Thanks to forward thinking developers like Mr. Prewitt, our community has another quality box store development and a first for the city of Lake Ozark.
The newest building, which is under construction adjacent to CVS Pharmacy and in front of Kohl’s department store, will be the home of Buffalo Wild Wings. This restaurant is slated to open in May, and will be a spectacular addition to this growing community. Our hats go off to Mr. Prewitt for his perseverance and diligence in helping to attract new businesses to our community.
It appears the historic Bagnell Dam Strip has plenty to be excited about, as well. Several new businesses are planning to locate on the strip this spring. First is Ozark Bar-B-Que, which purchased Burnt Ends BBQ and moved into their location in January. According to the City of Lake Ozark, several more bar restaurants are finalizing plans to occupy old existing structures in need of revitalization.
Although Lake of the Ozarks has always been a tourist destination, it has been several years since a hotel or resort development has occurred. Old Kinderhook, an upscale golfing and lakefront community, has put a stop to the stalemate on resort developments by breaking ground on an 84-room lodge facility. The lodge amenities will include an indoor and outdoor pool, a conference facility capable of supporting 250 people, and the Lake's first ice skating rink.
Pictured below is an Ozark Realty listing located at #915 Bear Cave Way within Old Kinderhook and priced at just $339k.