CalgaryTiger
Senior Member
It is not one of the sites Ruby Liu bid on. However, there are other sites than the one she bid on that have had bidders. To this point in the process those locations have not been revealed.
|
|
|
Calgary's Downtown Dilemma
- Thread starter Alex_YYC
- Start date
InfrastructureEnthusiast
Active Member
Damn.. Time to make some phone calls!
Are there any location in Calgary she did bid on? I can only see that concept working well in cities with high disposable income. Calgary, Vancouver and TO basically.
CalgaryTiger
Senior Member
Ruby Liu's Bid For Hudson's Bay: The 25 Leases, Prices, And Business Plan
The 25 leases that Ruby Liu and Central Walk are seeking to take over are located in British Columbia, Alberta, and Ontario.
storeys.com
3. Chinook Centre, Calgary, AB
- Price: $4,833,334
- Size: 206,514 sq. ft
- Approximate Gross Monthly Rent: $387,934
- Lease Current Expiry: June 8, 2033
- Lease Final Expiry: June 8, 2083
- Landlord: Cadillac Fairview
- Price: $4,833,334
- Size: 200,000 sq. ft
- Approximate Gross Monthly Rent: $219,888
- Lease Current Expiry: September 30, 2031
- Lease Final Expiry: September 30, 2091
- Landlord: Cadillac Fairview
trtcttc
Senior Member
I don't think her idea will work in Canada. The biggest difference is that malls in Asia are often attached to transit stations, they have massive food spaces for people passing through after work. And culturally, people do more outdoors activity and spend less time in malls in general compared to Asia.Ruby Liu's Bid For Hudson's Bay: The 25 Leases, Prices, And Business Plan
The 25 leases that Ruby Liu and Central Walk are seeking to take over are located in British Columbia, Alberta, and Ontario.
3. Chinook Centre, Calgary, AB
4. CF Market Mall, Calgary, AB
- Price: $4,833,334
- Size: 206,514 sq. ft
- Approximate Gross Monthly Rent: $387,934
- Lease Current Expiry: June 8, 2033
- Lease Final Expiry: June 8, 2083
- Landlord: Cadillac Fairview
CF is going to fight like hell to keep her out of their malls, I actually only see her concept starting in the malls she owns (Tsawwassen Mills, Woodgrove Centre, and Mayfair Shopping Centre), they'll act as a POC and if they're successful maybe other malls will be willing to lease her a space.
- Price: $4,833,334
- Size: 200,000 sq. ft
- Approximate Gross Monthly Rent: $219,888
- Lease Current Expiry: September 30, 2031
- Lease Final Expiry: September 30, 2091
- Landlord: Cadillac Fairview
Roaring Flames
Senior Member
I wonder if the downtown Hudson's Bay building can be converted into a luxury hotel. It definitely has the charm on the outside of a fancy old hotel.
Mountain Man
Senior Member
I really hope that building stays as retail. Any major international retailers that can take a few floors of retail that should move here? It's too bad Nordstrom failed, maybe Saks?
CalgaryTiger
Senior Member
I actually think something like the Ruby Liu concept would be good here. Some retail, some food, some lifestyle, and some arcade or place like the Rec Room would be very cool to have in this old building. If South Centre can have it where the old Sears was why not here.
trtcttc
Senior Member
Saks was owned by HBC then spun off. And with Holt already downtown, that's probably too much luxury in such a small area. I wonder if parts of it could work with an expanded Simons. Simons is currently stretched across many floors and a bit cumbersome to navigate.
Would love to be proven wrong, but her concept is more of an entire mall. Pretty sure she can't put food vendors in many of these locations because it directly competes against the food court. Some of the comments in this article is also quite... something. It's pretty incredible this many landlords oppose her plan and would rather leave the anchor space vacant than have whatever she's planning. And sounds like she bid for Market, Chinook and SouthCentre
"No Chance Of Success": What HBC Landlords Are Saying About Ruby Liu's Plan
Most of Hudson's Bay's former landlords, all large real estate investment trusts (REITs) or institutions, have filed responses in court opposing the sale of 25 HBC leases to Ruby Liu.
storeys.com
CalgaryTiger
Senior Member
I guess that's why I was thinking it would work in the Downtown Hudson's Bay. It isn't exactly attached to the mall and with the Elevated Green Line potentially cutting it off from the mall, it could actually be its own thing.
InfrastructureEnthusiast
Active Member
Yeah that's largely why I see it being a good fit there too. At first at least, I see the concept being a novelty for most locals, so using the downtown bay space would make it an attraction within an attraction, and once green line is in place its a quick trip for conference center attendees too.
I can see why she'd want to get into the Chinook location, but IMO downtown makes a lot more sense than market mall.
Mountain Man
Senior Member
It's absolutely connected to the mall, I used to always get into the mall through the Bay. This is part of Scotia Centre specifically, not sure how the divide between this and The Core work though. There used to be a food court in Scotia, but that's Simon's now, so maybe they could do one in the Bay space... Something like the Rec Room would be interesting in there. I used to love the arcade in Eau Claire, was quite disappointed when it closed.
The only think I am 100% against is any changes to the facade, leave that the hell alone!! lol
Article about the DT Bay building.
The only think I am 100% against is any changes to the facade, leave that the hell alone!! lol
Article about the DT Bay building.
Last edited:
The Familia
Senior Member
I swear I’ll lose my mind if they demolish the Bay building. I would love to see the exterior carefully renovated while the ground floor broken up into smaller CRU’s. Imagine a dozen smaller CRU’s lining the arcade walkway, would feel like a European street. I’m thinking keep The Guild restaurant, but then have a small Italian espresso/pastry shop, a Crave cupcakes, gelato store, fast food location, maybe an English style pub. The upper floors could be converted to high end lofts or just general residential. Maybe a cool hotel instead, art studios. The possibilities are endless.
ByeByeBaby
Active Member
The downtown Bay in Winnipeg was transferred to an indigenous group with a plan for affordable housing as well as a mix of other uses; health, governance, cultural, retail. There's a crane up there now, but the project has also increased in budget (and timeline) substantially:
https://www.ctvnews.ca/winnipeg/art...redevelopment-project-shifts-as-budget-grows/
https://www.ctvnews.ca/winnipeg/art...redevelopment-project-shifts-as-budget-grows/