Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Property»Amid city hall overhaul, adjacent apartment tenants ask: What about us?
    Property

    Amid city hall overhaul, adjacent apartment tenants ask: What about us?

    July 8, 20245 Mins Read


    Breadcrumb Trail Links

    1. News
    2. Local News

    Published Jul 08, 2024  •  Last updated 5 days ago  •  3 minute read

    You can save this article by registering for free here. Or sign-in if you have an account.

    Centennial House
    Centennial House (right), an apartment building on the east side of Reg Cooper Square between Centennial Hall and London city hall, is shown this file photo.

    Article content

    Will the redevelopment of London’s city hall campus affect the apartments at the Centennial House building next door? It’s unlikely any time soon, but the uncertainty is giving some tenants anxiety.

    The city’s plan to redevelop the city-owned land, which includes city hall at 300 Dufferin Ave., Centennial Hall, Reg Cooper Square, and the Centennial House office and residential building, was recently given the green light by city politicians, with developers set to submit proposals.

    Advertisement 2

    This advertisement has not loaded yet, but your article continues below.

    London Free Press

    THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

    Subscribe now to read the latest news in your city and across Canada.

    • Exclusive articles from Ryan Pyette, Dale Carruthers, Jane Sims, Norman De Bono and others. Plus, the Noon News Roundup newsletter on weekdays and the LFP Weekender newsletter on weekends.
    • Unlimited online access to London Free Press and 15 news sites with one account.
    • London Free Press ePaper, an electronic replica of the print edition to view on any device, share and comment on.
    • Daily puzzles, including the New York Times Crossword.
    • Support local journalism.

    SUBSCRIBE TO UNLOCK MORE ARTICLES

    Subscribe now to read the latest news in your city and across Canada.

    • Exclusive articles from Ryan Pyette, Dale Carruthers, Jane Sims, Norman De Bono and others. Plus, the Noon News Roundup newsletter on weekdays and the LFP Weekender newsletter on weekends.
    • Unlimited online access to London Free Press and 15 news sites with one account.
    • London Free Press ePaper, an electronic replica of the print edition to view on any device, share and comment on.
    • Daily puzzles, including the New York Times Crossword.
    • Support local journalism.

    REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

    Create an account or sign in to continue with your reading experience.

    • Access articles from across Canada with one account.
    • Share your thoughts and join the conversation in the comments.
    • Enjoy additional articles per month.
    • Get email updates from your favourite authors.

    Sign In or Create an Account

    or

    Article content

    City officials want to move city council and some staff into a new building on-site, while the 53-year-old city hall would be refurbished. City staff are now working at 12 different locations downtown at a cost of $3 million annually, and this would bring them under one roof with room to spare.

    The exact plans for the rest of the campus are not clear, with staff reports singling out Centennial Hall and its land, but only referencing “consideration of long-term plans” for Centennial House. According to its website, the city-owned building is managed by Briarlane Property Management Inc.

    The London Free Press did not receive a response to a request for comment from city officials.

    Sarah McKay, a two-year tenant of the building with her two kids, considered herself lucky to nab a place in the relatively affordable building after her previous rental was sold.

    “I looked at 21 places, applied to 15, this was my last chance to have a place and I got told, yes, within the week that we had to move,” she said.

    The 10-storey building has 162 units ranging from bachelor suites to four bedroom apartments, 10 ground-floor commercial spaces, and has access to underground parking.

    LFP Noon News Roundup Banner

    Noon News Roundup

    Your weekday lunchtime roundup of curated links, news highlights, analysis and features.

    By signing up you consent to receive the above newsletter from Postmedia Network Inc.

    Thanks for signing up!

    A welcome email is on its way. If you don’t see it, please check your junk folder.

    The next issue of Noon News Roundup will soon be in your inbox.

    We encountered an issue signing you up. Please try again

    Article content

    Advertisement 3

    This advertisement has not loaded yet, but your article continues below.

    Article content

    McKay has been anxiously watching coverage of the city hall redevelopment plan, which includes her home. She fears having to apartment hunt yet again, whether it’s from a teardown and rebuild or extensive renovations to the older building. She also fears for other families and seniors who specifically chose the building for being more affordable.

    According to a May rental market snapshot, the average asking rent for a one-bedroom apartment in London sat at $1,770.

    “Finding a place isn’t easy nowadays,” she said. “I moved there because of affordability within my price range, and honestly, looking at rent nowadays, you’re looking at $1,600 not all inclusive, for a place that is 551 square feet.”

    Ward 13 Coun. David Ferreira
    Ward 13 Coun. David Ferreira speaks during a debate at London city hall on June 10, 2024. (Mike Hensen/The London Free Press)

    Ward 13 Coun. David Ferreria, who represents downtown, says he’s committed to staying in touch with the residents and preserving the relatively affordable housing stock.

    “I know residents of the building, I’m in constant contact with some of them. It’s my intention to ensure that their housing is secure,” he said. “Council is aware that people live there. I can say myself that I want to make sure that people hold on to their housing.”

    Advertisement 4

    This advertisement has not loaded yet, but your article continues below.

    Article content

    Given the arrangement that the city has with Briarlane, Ferreira believes the building won’t be included in any redevelopment plans any time soon, but says internal or external renovations are up to management. “The building needs a lot of work.”

    City staff are looking to launch the bid process for private firms to get involved in the redevelopment of the city hall campus in early 2025. The proposals will include a residential tower.

    City council has earmarked $125 million for the new city hall, money that was approved during the 2020-23 multi-year budget.

    jmoulton@postmedia.com

    Recommended from Editorial

    Article content

    Share this article in your social network



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Making money from property “is for the birds” says top wealth manager

    Property

    Marseilia Real Estate Investment : Bénéfice net individuel de 11,3 millions EGP au premier trimestre

    Property

    Grade II-listed property dating from 1717 for sale in Bury

    Property

    UK’s most expensive seaside town with million-pound mansions and white sand beach

    Property

    Dorset high street property up for auction

    Property

    Met Office says UK could see third heatwave in the space of a month | News UK

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Opinion: Thoughts on the New Agricultural Advisory Committee

    Cryptocurrency

    Iran-Backed Houthi Group Faces Sanctions On Cryptocurrency Wallets Funding War Efforts

    Cryptocurrency

    Michigan Retirement System has $6.6 million invested in bitcoin

    Editors Picks

    Fip Silver Caltanissetta – Godallier / Bellver et Hugounenq / Guimet en quarts, Joris / Figuerola s’arrête là

    April 5, 2025

    Phil Cannella: Postes, Relations & Réseau

    May 2, 2025

    Commentary: How Cross-Border Digital Payments Can be Simplified by Project mBridge

    October 24, 2024

    Economic Crime Levy costing property sector MILLIONS

    April 23, 2025
    What's Hot

    Next Cryptocurrency to Explode, 14 May — SKYAI, Ordinals, Ethena

    May 14, 2025

    Indonesia’s OJK Unveils Roadmap for Fintech, Digital Asset Development

    August 12, 2024

    Next cryptocurrency to explode in 2024. Top 5

    July 16, 2024
    Our Picks

    Call for collaboration between DBKL, utility companies in mapping underground utilities

    August 24, 2024

    Digital dollars must reflect American values

    May 26, 2025

    ARK Fintech Innovation ETF (NYSEARCA:ARKF) Shares Acquired by Cetera Investment Advisers

    August 10, 2024
    Weekly Top

    Zelensky introduced special anti-Russian sanctions for cryptocurrency payments — EADaily, July 6th, 2025 — Politics, Russia

    July 6, 2025

    Ontario funds two miners aiming to boost critical mineral recoveries

    July 6, 2025

    Next Cryptocurrency to Explode, 6 July — Story, Alchemy Pay, Injective, MX Token

    July 6, 2025
    Editor's Pick

    agricultural spray drone coalition – DRONELIFE

    July 17, 2024

    Future FinTech Announces the Appointment of Hu Li as the New CEO

    August 9, 2024

    Les seniors se sont défiés au e-sport sur grand écran dans ce cinéma de l’Orne

    May 8, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.