Djeffery is correct... this will be phase 5 of the city's Innovation Park industrial subdivision.
A contract was awarded by Council back in February for the following work:
• Clearing and grading the site;
• New extension of sanitary sewers;
• New stormwater management facility and stormwater piping;
• New watermain extension;
• Installation of new right turn lane off Bradley Avenue;
• Installation of new road, complete with curbs, gutters, and sidewalks;
• Expansion of London Hydro electrical servicing; and
• Installation of new street lighting.
So I'd assume that once the city finishes this work, they will start selling off the individual parcels to interested companies
https://pub-london.escribemeetings.com/filestream.ashx?DocumentId=114180