The former Rexall building at 166 Dundas St., at the corner of Dundas and Richmond streets, is being transformed into 15 residential units.
The City of London has approved its first successful application to the new office-to-residential community improvement program .
“This project is significant because it sees the achievement of multiple strategic initiatives all rolled into one: the creation of new housing, the repurposing of vacant commercial space, and our walk towards the revitalization of downtown,” Ward 13 Coun. David Ferreira says. “It highlights what our city is doing in a time of crisis and need, and it shows what happens when we come together with ideas.
The program provides a grant that functions as a forgivable loan, up to $2 million per property. Across the city, there are 7,100 high-density residential units under construction. “I know the future residents of this building will enjoy the benefits of being able to easily walk, bike and take transit – all those mobility options are available in the downtown core,” says Scott Mathers, deputy city manager for planning and economic development. “They’re going to be able to experience all the wonderful events of Dundas Place.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
London, Ont. hits major milestone with first bus rapid transit shelterInstallation of London's first bus rapid transit shelter began earlier this week on Ontario Street at King Street. Full completion is expected in the coming weeks.
Read more »
Controversial Wonderland Road tower approved by London, Ont. city councilA fiery debate did not dissuade council from approving the controversial 25-storey, 219-unit development at 735 Wonderland Rd N with a vote of 12-2.
Read more »
Heritage Council calling for memorabilia for Labatt Memorial Park collection in London, Ont.Labatt’s Park has hosted at least one baseball game every year since it opened, even during the pandemic with the appropriate safety measures in place.
Read more »
Why a major budget surplus won’t be used to lower taxes in London, Ont.A push to use surplus funding to lower next year's property tax increase by 0.4 per cent was shot down by full council at London City Hall on Tuesday.
Read more »
City staff recommends returning free parking to London, Ont. coreThe report recommends implementing a free 1-hour on-street parking program for the core area and a free 1-hour parking pilot program for two lots in Old East Village.
Read more »
Private jets to get world-class hangar at London, Ont. airportConstruction started Friday on a new private aircraft hanger at the London, Ont., airport. The facility will serve a range of private travellers, from executives to musicians.
Read more »