After dealing with concerns about flooding, London city council in 2021 approved an application by Farhi Holdings Corp. to build a 40-storey tower on Ridout Street North at Queens Avenue. Since approval by city council, the owner has not submitted a site plan application.

A London, Ont., councillor expressed skepticism that Farhi Holdings Corp. would ever build a downtown tower approved in 2021, after an application to construct the mixed-use building and add 280 residential units to the city's core. More than three years later, the project still hasn't started.