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Hudson’s Bay downtown Vancouver store listed for sale

Hudson's Bay downtown Vancouver store listed for sale

The historic Hudson’s Bay building in downtown Vancouver has been listed for sale by CBRE Ltd. and Marcus & Millichap on behalf of FTI Consulting Canada Inc., the court-appointed receiver. This 617,000+ square foot property, located at 674 Granville St., presents a unique opportunity for redevelopment. While its future use is uncertain, possibilities include retail, office, or hotel space. Given the heritage facade, any redevelopment would need to carefully consider preservation or reconstruction. Jim Szabo of CBRE envisions a mixed-use project similar to the successful repurposing of Vancouver’s former post office into The Post. This sale could draw significant interest from local and international developers, retailers, and hotel companies. \n\nWhile this sale is taking place in Vancouver, the potential repur

Read the original story here: https://financialpost.com/news/hudsons-bay-downtown-vancouver-store-listed-for-sale/wcm/16dae1a4-a951-42e3-9bf3-37c5c254f9e1