Apartments, health centres and even pickleball courts may be coming to your local mall after Hudson’s Bay departs.
Retail and real estate experts say the closure of most of the 355-year-old company’s department stores offers a chance to reimagine the country’s most sought-after and high-traffic spaces in malls.
“I think it’s a massive opportunity for landlords to reinvent,” said Kate Camenzuli, vice-president of retail at commercial real estate company CBRE.
“It may take a bit of time, but I think it’s a huge positive because this is the last large-format piece of space that will be and is available in the Canadian marketplace.”…