Major redevelopment proposed for Vancouver's flagship Hudson's Bay building
CTV
One of downtown Vancouver’s trademark buildings may soon have a new look.
One of downtown Vancouver’s trademark buildings may soon have a new look.
On Wednesday, representatives from Hudson’s Bay Company (HBC) and its partners RioCan Real Estate Trust revealed a proposal for major upgrades to the city’s flagship store.
They say the current six-storey heritage building at 674 Granville Street would remain in place, while a 12-storey office tower would be built on top.
The upgrade would add an addition one million square feet and provide up to 5,000 jobs, they said.
It would also include multi-level atriums and a rooftop garden.
The existing 400, 000 square feet will include a revamped version of the Bay retail store as well as restaurants.
“The way consumers live, work and shop is changing rapidly and HBC is committed to evolving to reflect these shifts, while unleashing the full value of our prime properties and reinvigorating the urban districts in which they are situated,” said Ian Putnam, president and CEO, HBC Properties and Investments.
