2 ms·
Crazy 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 t
by hluska 6y ago
Crazy 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...