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The main store in downtown Vancouver, a full block on Georgia st. across from Microsoft and a couple of blocks away from where Amazon is building a massive offi
by inasio 6y ago
The main store in downtown Vancouver, a full block on Georgia st. across from Microsoft and a couple of blocks away from where Amazon is building a massive office was sold a couple of years ago for close to 700 million. I suspect this is what allowed them to survive this long.
- Scoundreller 6y agoMaybe the Van store, sure. But I hear their Winnipeg store is booked as worth $1.
- hluska 6y agoCrazy timing - they just closed the Downtown Bay for good a couple of weeks ago. Here's an interesting quote about what you're talking about: An appraisal of the building, done last year by Cushman & Wakefield for the Hudson’s Bay Company, valued the nearly 100-year-old building at $0 if it were to be leased back to the company. Cushman & Wakefield found with a little more than $91 million in upgrades, the building’s value would increase to $8 million if leased to a single tenant. With a little more than $111 million in improvements that value would jump to just shy of $10.8 million if leased to multiple tenants. https://globalnews.ca/news/7493539/downtown-winnipeg-hudsons-bay-closed-for-good/ https://globalnews.ca/news/7493539/downtown-winnipeg-hudsons...
- superhuzza 6y agoI visited the Winnipeg store 2 years ago. It was a disaster, floors half empty, random half-completed construction in between displays, virtually no employees around. 100% different than the HBC in downtown Montreal.