New Development In Downtown London
Danford London Ltd. is planning to build three new high rises downtown at the corner of King St. and Clarence St.
The buildings will house over 500 apartment units, offices and retail space.
Construction on the multi-million dollar investment is set to start in summer 2015, but is still subject to some rezoning changes and council approval.
It’s expected the new apartments will bring at least 800 people to live in the downtown core and create upwards of 1,000 jobs during construction.
“There will be one, two and perhaps three bedroom units of a good size. The ground floor commercial will be used to provide some of the shopping needs of residents and also for the downtown community, it will add to the vitality along King St.,” says Lawyer for Danford London Ltd. Alan Patton. “It will be a multi-year development, it might take two or three years for the entire project to be completed, which is normal for a development of this size.”
Mayoral Candidate and Realtor Roger Caranci is being credited with approaching the developer about the former spot of the London Mews and working out a deal.
The development site is currently being used for parking.