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Groundbreaking ceremony Thursday for project in downtown Concord

Located at 25 Barbrick Avenue adjacent to the new Cabarrus County Parking Deck, Novi Flats will...
Located at 25 Barbrick Avenue adjacent to the new Cabarrus County Parking Deck, Novi Flats will consist of approximately 43 apartment units and +/- 4,900 SF of commercial space.(City of Concord)
Published: Aug. 10, 2021 at 6:52 AM EDT
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CONCORD, N.C. (WBTV) - The City of Concord and Cabarrus County, alongside developer Lansing-Melbourne Group (LMG) and community partners, will celebrate the beginning of site work on three major developments in Downtown Concord – the Novi Flats, Novi Lofts and Novi Rise residential and mixed-use properties. 

Together, these projects represent an estimated $70 million of private investment in Downtown Concord.

The ceremony will be held on Thursday at 11:00 a.m. at 25 Barbrick Avenue SW in Concord.

Speakers include:

  • Peter Flotz, Founder and President, LMG
  • Bill Dusch, Mayor, City of Concord
  • Diane Honeycutt, Vice Chair, Cabarrus County Board of Commissioners

City officials say that the Novi projects will support the revitalization of Downtown Concord by adding new market-rate and workforce apartments, commercial retail space, and a rooftop restaurant to the heart of downtown.

The City of Concord and Cabarrus County supported the Novi projects through performance-based property tax grants, funded by a percentage of new taxes generated by the grant recipient.

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