Farhi offers to partner with city as London, Ont. unveils strategy to fight office and storefront vacancies
CTV
Shmuel Farhi hasn’t seen the strategy yet, but recent talks with the mayor and a desire to see action to address London’s stubbornly high vacancy rates in its core business districts has the mega-landlord extending an olive branch.
Shmuel Farhi hasn’t seen the strategy yet, but recent talks with the mayor and a desire to see action to address London’s stubbornly high vacancy rates in its core business districts has the mega-landlord extending an olive branch.
“I am happy to partner and do whatever I can from my perspective,” Farhi told CTV News London.
Farhi Holdings is the downtown’s largest landlord.
He described a pair of meetings with Mayor Josh Morgan as productive.
“I am actually looking forward to working with Josh and his team to move the city in the right direction because the downtown is the heart and soul of the community,” he said.
The statistics in the city’s new Core Area Land and Building Vacancy Reduction Strategy are sobering — but not surprising.
Ground floor retail vacancy
