Story by CHARIS PATIRES | Photo by GEORGE DENNY ake of the Ozarks has experienced a few record-setting years. The real estate market is at its peak, the boating industry continues to thrive, and local communities are experiencing growth like never before. Lake area officials say there’s no end in sight. Several multi-million dollar projects are underway with large retail, hotel and entertainment venues planned for the immediate future. What are developers planning to do in the area? What does that mean for Lake of the Ozarks? The future looks bright. GROWTH & DEVELOPMENT
Within the last couple of years, Lake of the Ozarks has seen large-scale development projects pop up in Osage Beach as well as outlying areas. According to Osage Beach City Administrator Jeana Woods, there is a lot of building activity happening and planned for the coming year.
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“New investment into our city is happening rapidly,” Woods said. In 2021 the valuation of construction (residential and commercial new and remodel activity) permitted in the city was nearly $34 million, up over 40 percent from the previous year. “As you drive up and down Osage Beach Parkway, you will see a lot of growth coming together,” she said. Currently under construction, Hobby Lobby is the anchor store for the Osage Beach Commons project located near Osage Beach Parkway and Passover Road. The Staenberg Group, a St. Louis-based development company, is heading up that project that will have two out-lots, two anchors and several inline tenant locations available. Hobby Lobby is scheduled to open this summer. There’s also plenty of activity around the KK intersection where construction of a Macadoodles and ACE Hardware are progressing.
