As London continues to face an affordable housing crisis, a prominent property owner is planning to convert more downtown office space into housing.

Farhi Holdings Corporation (FHC), which owns many downtown properties, says it will turn current commercial office space at 685 Richmond Street into 41 new housing units with just over 80 bedrooms in total.

The work is scheduled to finish in the spring of 2026, according to Ben Farhi, an executive with FHC.

"We've been marketing it for office space for the last couple of years with no luck due to changing environments in the downtown, so we've identified it as a solid office to residential conversion [opportunity], and we're in the process of completing construction in the next five to six months," Farhi said.

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