Since the adoption of the 2016 Downtown Master Plan, over $24 Million has been invested by the private sector and over $15 Million invested by the public sector downtown. Investments have included 70 residential units in the former Hotel Concord and Lofts 29, a 600-space county-owned parking deck, and a variety of infrastructure improvements.
Currently under construction are nearly 300 additional residential units with supporting ground floor retail and office space spread throughout three buildings that are on Union Street (Novi Lofts), Barbrick Avenue (Novi Flats), and Market Street (Novi Rise) behind City Hall (anticipated investment of $60 Million).
The City is also underway with the planning and design phase for a new streetscape for Union Street that will enhance the pedestrian experience and make room for additional outdoor dining and amenities. The Master Plan update aims to keep the momentum moving forward by building on the success of the 2016 plan and creating a strategic vision for downtown over the next five years.