
Lansing Melbourne Group and Denholtz Properties Celebrate Ribbon Cutting for Novi Flats
20 June 2023
Executives from Denholtz Properties and Lansing Melbourne Group (LMG), a boutique developer specializing in public-private partnerships, were joined by Concord Mayor Bill Dusch and local officials to celebrate the ribbon cutting for Novi Flats, a 48-unit mixed-use community located in downtown Concord.
Novi Flats features an upscale industrial design that seamlessly integrates into the surrounding downtown Concord neighborhood. Each apartment is tailored to meet the needs of today’s residents, featuring quartz countertops, GE stainless steel appliances, and in-unit washers and dryers. Select units also offer walk-in showers and closets, balconies, and USB outlets.
Beyond their homes, residents can enjoy an on-site private cross-fit gym, bike room, and package concierge. The rear of the building connects by a sky bridge to Concord’s Spring Street parking deck, providing residents with free garage parking. Additionally, the community features 2,333 square feet of street-level retail, which will enhance the growing array of shopping, dining, and entertainment options in downtown Concord.
Novi Flats is the first of three properties developed through the joint venture between LMG and Denholtz Properties. This partnership aims to introduce a lifestyle-branded, luxury apartment product with highly adaptable retail space to Concord and similar growing cities in the region.
Joining Novi Flats in downtown Concord will be Novi Rise, a 167-unit mixed-use building with 3,540 square feet of retail space, scheduled for completion later this year, and Novi Lofts, an 89-unit mixed-use building with 5,134 square feet of retail space, set to complete in late 2024.
The three buildings that comprise the Novi portfolio represent the first mid-rise developments of their kind in downtown Concord. They are a testament to the town’s ongoing multi-million-dollar revitalization led by the Concord City Commissioners and the Cabarrus Economic Development Corporation. With projects like the renovation and expansion of the Cabarrus County Courthouse just blocks from Novi Flats, downtown Concord is undergoing a dramatic transformation to become one of the most desirable places to live in North Carolina.
“When executed with the right partners, public-private partnerships provide places like Concord an opportunity to attract investment and create a brighter future for residents and businesses alike,” said Peter Flotz, Founder and CEO of LMG. “We thank the municipal leadership of Concord and our partners at Denholtz Properties for sharing our vision and helping bring the first piece of this ambitious investment to life.”
Stephen Cassidy, President of Denholtz Properties, added, "Today, we celebrate not only the completion of Novi Flats but also the beginning of a new era for Concord. We are excited to welcome residents and businesses to these properties, helping them become integral to the fabric of this vibrant city. We look forward to leveraging our partnership with LMG to replicate this transformative, community-focused development model in other towns and cities across North Carolina."