Office Tower Transformed into Luxury Apartments

0:00It's April 2, I'm Cory with the story, and this is Vancouver News today, your AI-powered local news. After nearly two years of work, that old office tower at 195 Duffern Avenue and downtown London, Ontario, just flipped into a 94-unit apartment building, the biggest office to residential switch the cities ever seen. From the outside, it still looks like it's 1970s roots as IBM and Sifton headquarters. But inside, 80,000 square feet now hold. Mostly one bedroom units, some accessible, with killer downtown views and rents running $1,100 to $2,000 a month, too. Keep things affordable. This all came together through a smart partnership. Sifton properties donated the building, the Anglican diocese of Huron owns the land and leased it. For 60 years, while city and federal cash sealed the deal, with non-profit homes unlimited handling operations and even carrying the mortgage, everyone's hyped. From London Mayor Josh Morgan calling it a game changer for the underused downtown core

1:04to MP Peter Fragiscatos and church leaders. Praising the dignified affordable homes amid the housing squeeze, plus they furnished a community room downstairs. Converting offices meant tackling thousands of tweaks to meet living standards, but the team's vision pulled it off, and the first resident started. Living in late next month, proving Colabby's crisis every time.