Lansing Melbourne Group (LMG) and Denholtz Properties announce they have signed a lease with Salon Lofts for 4,757 square feet of retail space at Novi Rise, a 167-unit mixed-use community located at 30 Market Street South in downtown Concord, N.C. scheduled for completion in mid-2024.
Salon Lofts is an innovative, state-of-the-art salon suites rental concept that provides elegant spaces, business tools and support to beauty industry business owners across the United States. With more than 260 locations nationwide, each location is meticulously operated to the highest standards of the growing salon suites niche. Salon Lofts anticipates opening for business at Novi Rise later this year.
Part of the Novi portfolio, a joint-venture partnership between Denholtz Properties and LMG, Novi Rise is a seven-story mixed-use community comprised of 167 luxury residential units and 4,757 square feet of retail space. With pre-leasing scheduled to begin in Q2 2024, Novi Rise will join Novi Flats, a 48-unit mixed-use community completed in June 2023 and Novi Lofts, an 89-unit mixed-use building scheduled for completion later in 2024.
“We’re very excited to be partnering with one of the premier salon suite operators in the country,” said Peter Flotz, CEO and Founder of LMG. “This will be a phenomenal amenity for our Novi residents and the City of Concord as a whole, and we’re thrilled to be part of the revitalization of downtown Concord.”
Stephen Cassidy, President of Denholtz Properties added, “Our achievement of bringing the retail portion of Novi Rise to full occupancy marks the latest milestone in our development of the Novi portfolio. We’re excited to provide our residents and the people of Concord with a luxury amenity as we continue our work to help drive the transformation of the community.”
The three buildings that make up the Novi portfolio will be the first mid-rise products of their kind in downtown Concord and signal the success of the town’s ongoing multi-billion-dollar revitalization spearheaded by the Concord City Commissioners and the Cabarrus Economic Development Corporation. The transformation is highlighted by the reimagining of the town’s former Philip Morris plant into The Grounds at Concord, a 2,000-acre site soon to be anchored by a $2B Eli Lilly pharmaceutical plant and a $1B Red Bull manufacturing facility. Just a few blocks from Novi Rise, the renovation and expansion of the Cabarrus County Courthouse will further enhance the area and soon make it one of the most desirable places to live in North Carolina.