Tag: London downtown
London downtown office vacancy rate hits record high of 30%
Nearly one in three downtown offices in London are empty, as the vacancy rate for the core edged past 30 per cent for the first time, CBRE, the commercial realty firm, reported Tuesday.
One-time Grand Theatre actor bringing growing cookie chain to nearby spot
A new cookie shop is moving to Richmond Row as a Toronto-based bakery expands to London.
Bell Ridge Capital, which owns the former Galleria mall now called Citi Plaza, has applied to build 40 and 45-storey towers at 267 York Street in a parking lot on the southwest corner of York and Wel
Two new, massive residential towers may rise downtown as a Toronto-area investor envisions adding more than 1,000 apartment units across the street from CitiPlaza mall.
Why office-to-housing conversions are catching on in London
London has awarded its first city subsidy to help convert empty downtown office space into housing.
City council: thumbs up to free parking, thumbs down to SafeSpace
London’s COVID-era free parking promotion will make a partial return for the rest of the year. London city councillors voted 11-3 Tuesday to extend a free parking promotion via the Honk mobile app for the rest of 2024 at a cost of $300,000 from reserve funds. A $30,000 one-hour free parking pilot for two city […]
Construction begins next week on York Street as aging sewers replaced
Work begins next week on a large-scale sewer-replacement project in downtown London that will close sections of several downtown streets during the next year.
Push for return of free parking downtown and in OEV hits roadblock
City politicians are having a problem parking new rules for London drivers heading downtown or to Old East Village
Downtown London’s office vacancy rate will continue to climb this year, with nearly one in three offices in the core sitting empty by year end, states a report released Tuesday by commercial realty fi
Downtown London’s office vacancy rate is forecast to continue climbing this year, with nearly 30 per cent of offices in the core sitting empty by year end, a report released Tuesday by commercial realty firm CBRE says. The core office vacancy rate is projected to rise to 29.6 per cent in 2024, up from 28.5 […]
Downtown office conversion program not limited to towers: City staff
A proposed office-to-residential conversion incentive program for downtown London got its first endorsement from politicians Wednesday. Announced by Mayor Josh Morgan during his state-of-the-city address in January, the program made its way to city council’s planning and environment committee for a first official look and was unanimously endorsed. “This is going to be a really […]
Amid Richmond Row upheaval, trendy retailer abruptly shuts doors
The sudden loss of a large retailer at a high-profile downtown-area intersection is a “huge opportunity” for a new landmark business to join the rapidly evolving core, one city politician says.