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First of 3 developments brings apartments, commercial space to downtown Concord

By Charlotte Business Journal

Novi Flats Lansing Melbourne Group and Denholtz Properties have opened the first of their three mixed-use projects in downtown Concord. The investments will bring a total of more than 300 new apartments to the area, in addition to ground-floor commercial space in each building. (COLLIN HUGULEY)

By Charlotte Business Journal

CONCORD — A major development effort that includes a trio of new projects in downtown Concord has been years in the making. The first of those projects has formally opened, making a long-held vision there a reality.

READ: New affordable housing development coming to Concord

Lansing Melbourne Group, a developer with a number of notable downtown projects in the Charlotte region, held a grand opening recently with partner Denholtz Properties for Novi Flats. The project includes 48 apartments, along with ground-floor commercial space. In total, the three projects LMG and Denholtz are developing in downtown Concord would bring over 300 new apartments and thousands of square feet of new commercial space.

“It’s going to add a dimension we’ve never had here,” Concord Mayor Bill Dusch said of the new development. “As a growing city — we’re 113,000 (people) — all of this happening in downtown will be a magnet to bring people back down. We’re so excited about having a lot of options downtown for citizen use.”

LMG’s Peter Flotz said nearly one-third of the apartments at Novi Flats are leased and a coffee shop has signed on for one of the retail spaces.

Read more here.

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