[innsertnamehere]

Anecdotally, I've heard two stories:

1. It's Fitzrovia's best-performing asset;
2. It's empty and they're struggling to stabilize.

On a good day, Toronto Real Estate is at least half gossip, so I could see either of those things being the reality...

anecdotally Adrian is in RENX today stating they are dropping concessions on their rentals as leasing activity is picking up, for what it's worth:

Fitzrovia’s leasing activity has been strong and it has dropped its concessions by 50 per cent, which is attributable to having quality product in desirable locations. Rocca noted that 10 per cent is a healthy benchmark for people who tour a building and then sign a lease in it, but Fitzrovia’s ratio for its existing apartments is close to 45 per cent.

 

[Tormick]

Could also be they are finally conceding and dropping face value of rents, as concessions aren't working.

You have two avenues to get people into your building right now, concessions or lower rents.