New Development in London’s Downtown

Before a shovel was even in the ground, London’s first downtown commercial development in more than 15 years has already leased much of its space.

City and business leaders Tuesday officially took the wraps off the $10 million, 30,000-square-foot commercial plaza which will go up in the parking lot at Richmond and Carling streets, next to Moxie’s, that will be home to an expanded Shoppers Drug Mart, and an insurance broker moving to the core.

Rocco Tullio, president of Rock Developments in Windsor, is building the new office building and also bought the former Canadian Tire store in Masonville, redeveloping 75,000 sq. ft. of commercial space, a $13 million investment.

The most important thing is the tenants want to be there. Shoppers was a driving force saying they want a new home downtown. The drug store will close its store on Dundas St., just west of Richmond.

“The downtown is the heart, soul and spirit of a city. Getting more residential and commercial development is crucial to the well being of the core,” said Mayor Joe Fontana.

Construction will begin in mid January and be completed by August, with tenants moving in in September.

Source: London Free Press

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