Calgary’s retail Landscape poised for transformation with Bay space скачать в хорошем качестве

Calgary’s retail Landscape poised for transformation with Bay space

Calgary’s retail scene is on the cusp of significant change as major space closures from the Hudson’s Bay Company (HBC) shake up the market. With the impending closure of several Hudson’s Bay stores, Calgary could soon see nearly one million square feet of retail space become available, marking a generational shift in the local commercial real estate landscape. Michael Kehoe, Broker of Record with Fairfield Commercial Real Estate Services, recently discussed the seismic impact of these closures on Calgary’s retail market. According to Kehoe, the closures present a unique opportunity for property owners to repurpose large retail spaces and adjust to changing market dynamics. In the case of malls like Chinook Centre, Southcentre, Market Mall, and Sunridge Mall, landlords face the challenge of filling large, empty spaces left behind by departing department stores like HBC, a task reminiscent of the years-long effort to repurpose Sears’ space at Southcentre Mall. #CalgaryRetail #RetailLandscape #HudsonsBay #RetailTransformation #CommercialRealEstate #CalgaryRealEstate #RetailTrends #MixedUseDevelopment #RetailClosures #RetailInnovation #CalgaryDevelopment #TransitOrientedDevelopment #PropertyRepurposing #CalgaryShopping #UrbanDevelopment #CalgaryBusiness #CommercialSpace #CalgaryMall #RetailFuture #DepartmentStoreDecline Mario Toneguzzi, based in Calgary, has more than 40 years experience as a daily newspaper writer, columnist, and editor. He worked for 35 years at the Calgary Herald covering sports, crime, politics, health, faith, city and breaking news, and business. He is the Co-Editor-in-Chief with Retail Insider in addition to working as a freelance writer and consultant in communications and media relations/training. Mario was named as a RETHINK Retail Top Retail Expert in 2024 and in 2025. He was also named in 2021 and 2024 as one of the top business journalists in the world by PR News.