Farhi Holdings Corporation plans to build a 40-storey mixed-use tower with 280 residential units at the northwest corner of Queens Avenue and Ridout Street, across from Museum London, kitty corner to London's downtown courthouse. The developer it will be a good fit with the heritage buildings it will sit next to. Site plans show the building's footprint placed behind three designated brick Georgian buildings that date from the mid 1800s. Collectively the three buildings (435, 441, and 451 Ridout) also form a National Historic Site designated in 1966. The project's heritage impact assessment points out that the row of heritage buildings forms an important link between Eldon House at 481 Ridout and the former Middlesex County Court House at 399 Ridout (a heritage building recently sold to a developer – see below).

That stretch of Ridout is known as Bankers’ Row because its buildings were once home to the head offices of five banks, which were later turned into residences or businesses.

"This is going to be quite controversial for a lot of reasons. This is the wrong place for a 40-storey highrise. It would be a very strange backdrop for the existing buildings on Ridout." 

- Jenny Grainger, Chair ACO London Region

She has also written to the city about Farhi Holding's plan for a tower on this location, pointing out that it would block views of the river, would be unsympathetic to the style  of the buildings already there and, being planned on a flood plain, is too close to a section of the Thames which is prone to flooding. Farhi Holdings should, instead, consider locating the building on one of the downtown surface parking lots the company owns.