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Bluevale Capital Completes London, Ontario's First Office-to-Residential Conversion at 376 Richmond Street: Modern Urban Living in Downtown London


News provided by

Bluevale Capital

Sep 05, 2025, 07:07 ET

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Live. Work. Pilates. A new standard of connected city living with wellness, affordability, and community at its core

LONDON, ON, Sept. 5, 2025 /PRNewswire/ - Bluevale Capital, a leading ESG-focused real estate investment and development firm, is excited to announce the completion of 376 Lofts at Richmond Street, London's first office-to-residential conversion designed to offer a vibrant and connected lifestyle in the heart of London. This newly redeveloped 23-unit residence combines contemporary design, high-end finishes, and thoughtfully curated amenities to meet the needs of today's urban dwellers.

Samuel Karamanis from Bluevale Capital and Councilor David Ferreira at the ribbon-cutting ceremony for 376 Lofts at Richmond Street, London, Ontario's first Office-to-Residential Conversion. (CNW Group/Bluevale Capital)
Samuel Karamanis from Bluevale Capital and Councilor David Ferreira at the ribbon-cutting ceremony for 376 Lofts at Richmond Street, London, Ontario's first Office-to-Residential Conversion. (CNW Group/Bluevale Capital)
Jefferson Huang and Teagan Karn from Bluevale Capital unveiling the units at 376 Lofts at Richmond Street, London, Ontario's first Office-to-Residential Conversion. (CNW Group/Bluevale Capital)
Jefferson Huang and Teagan Karn from Bluevale Capital unveiling the units at 376 Lofts at Richmond Street, London, Ontario's first Office-to-Residential Conversion. (CNW Group/Bluevale Capital)

Located in the heart of London's dynamic neighbourhoods, 376 Lofts has transformed a former office tower into a vibrant new residence, an exclusive co-working space and in partnership with Refined Reformer, a 900-square-foot Pilates studio. The development provides residents with unparalleled access to the city's best dining, entertainment, transit, and shopping destinations. Perfectly situated close to Western University and Fanshawe College, 376 Lofts is ideal for students and young working professionals seeking opportunities in downtown London. Each loft is designed to maximize natural light, featuring open-concept layouts, high ceilings, and premium finishes.

"376 Lofts is more than just a residence. It's London's first office-to-residential conversion, and it really sets a benchmark for new urban living in downtown London," said Samuel Karamanis, Bluevale Capital founder. "Our goal here was simple: to create a community where residents can live, work, play and even do Pilates, in a space that's both functional and inspiring."

"I'm very excited today to see the first office-to-residential conversion project open in downtown London. It's an area that has so much value and it's wonderful to see innovative projects like this reutilizing and revitalizing it again," says Councilor David Ferreira. "I'm really proud to see this come to life and have the units ready for leasing and occupancy."

The building is exceptionally well-connected, with easy access to public transit, located just steps from the VIA Rail station and the bustling Covent Garden Market, making it an ideal hub for both work and leisure. With a focus on environmental responsibility, 376 Lofts incorporates eco-friendly building materials and energy-efficient systems to minimize its carbon footprint. Bluevale Capital integrates innovative technologies and sustainable practices throughout the development, from high-performance insulation and energy-saving lighting to water-efficient fixtures from MOEN and state-of-the-art appliances from LG, as well as waste-reduction initiatives. These efforts not only reduce environmental impact but also create a healthier, more efficient, and luxurious living environment for residents, reflecting the company's commitment to forward-thinking, sustainable urban development.

Leasing and occupancy at 376 Lofts are now available. For more information, visit www.bluevalecapital.com.

About Bluevale Capital
Bluevale Capital is a leading North American real estate developer focused on creating vibrant communities and sustainable housing solutions by converting underutilized buildings into valuable rental units. With expertise in adaptive reuse, development, and value-add real estate projects, the company collaborates closely with municipalities and non-profit organizations to maximize the potential of urban spaces. Today, Bluevale Capital manages a growing portfolio of residential units across Ontario, British Columbia, and the United States, delivering high-quality, sustainable housing while revitalizing urban neighborhoods and fostering thriving communities.

The company seeks to redefine industry standards by integrating community engagement, innovation, and responsible investment into every project. Through its forward-thinking approach, Bluevale Capital aims to make a lasting impact on the cities and neighborhoods it serves, contributing to a more sustainable and inclusive future.

SOURCE Bluevale Capital

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