Thread: Economy Thread
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Old Posted Sep 24, 2009, 8:30 PM
QuantumLeap QuantumLeap is offline
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Join Date: Mar 2007
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The total amount of leasable office space in London is around 10,000,000 sq ft, so that translates into about 1,400,000 sq ft vacant. The CIBC building at Dundas and Richmond is probably about 50,000 sq ft, and the bottom floor is likely counted as vacant retail rather than vacant office, so the building is not a major contributor to the vacancy rate. All that said, I would really like to see it developed. My longtime thought has always been that it should be an LCBO (moving the current location at York and Ridout). Hopefully it could be like Toronto's Summerhill LCBO, the flagship of the LCBO stores, which has long business hours (closes at 11) and an incredible selection, in a beautiful building.
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