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Hudson’s Bay Flagship Store in Montreal to be Downsized
The flagship
Hudson’s Bay department store at 585 Ste-Catherine Street in downtown Montreal is expected to be downsized amid a sale of the iconic and historic 655,000-square-foot building. That’s according to
a French language report last week in La Presse.
The article states that Hudson’s Bay will occupy three retail levels spanning 250,000 square feet on the ground floor, second level, and basement. The new owner will have the option of converting levels three through eight of the building into loft-like office space — something tech firms were keen to secure prior to COVID-19. A building application proposal is also in place for zoning approval to add a 300-foot tower at the back of the store, either for office or residential uses.
The downtown Montreal Bay building opened in 1891 as a Morgan’s store, with an eight level expansion being added in 1923. A rather ugly extension was added at the back end of the store facing Boulevard de Maisonneuve in 1964. In 2016,
Hudson’s Bay announced that Saks Fifth Avenue would open a 200,000 square foot store in the back-end extension though plans were subsequently shelved.
CBRE is said to be selling the Montreal Bay building as well as the Vancouver Hudson’s Bay flagship store at 674 Granville Street.