If London’s Landmark Hudson’s Bay Stores Close, What Will Fill The Space?

The Loss of Hudson’s Bay Stores at London’s Two Landmark Shopping Malls Will Leave Massive Holes in the City’s Retail Space That Won’t Be Easy to Fill, Say Experts.

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But look for a diverse mix from office to Entertainment, Culture and Community, and Even Some Smaller Retail Offerings to Fill the Void, They Agree, As the Retail Giant Moves Ahead with Liquidating All 80 of its Stores in Canada – Including Large Ones at White Oaks Mall and Masonville Place In London.

“These are Big Holes,” Brent Rudell, Vice-President and Partner at Cushman Wakefield, A Commercial Realtor In London, Said, Adding He’s not as concerned about Masonville-Which He calls “One of the Most Successful Retail Malls” in the province.

MASONVILLE will likely see the HUDSON’s BAY STORE DIVIDED INTO SMALLER RETAIL USES AND HE WOULDN’T BE SUR STORES FACE OUTWARD, TOWARD THE PARKING LOT, A TREND IN MALL REDEVANTE, RUDEL SAID. “(Owner) Cadillac Fairview Does Really Well with that Mall and Smaller Retail Will Likely Have Success. It will be repurposed to a new format.”

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Rudell also points to the Conversion of the Form Sears Store at Masonville Mall Into the Rec Room, A $ 28-Million Entertainment Center that opened in 2018, as an example of what may come next. Another Example is the Form Westmount Shopping Center, which has been converted to office space.

But Both Malls are important to London, with White Oaks Marking the Entrance to the City Off Highway 401 and Masonville Being A Commercial Mecca that will also be a hub for london’s bus rapid transit system.

Jamie Hyodo is an assistant professor of consumer behaviour at western university. Hyodo Says Hudson’s Bay was caught in the trend of consumers prefering individual retailers.

“There are a lot of Things Working Against It,” He Said. “The Traditional Department Stores Have Been in Decline for Decades. It was the last Major Canadian Department Store Luxury.

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“Department Stores Suffered from the Entrance of Other Retail Stores, Such As Costco, Walmart, Best Buy, Home Depot, and People Prefe That to One Stop Shopping.”

E-commerce has also taken “a big portion” of the retail market, hyodo said, adding What Will Likely replaces traditional Department Stores is mixed-use centers.

“They should find new tenants, but it will be a question of the nature of those tenants,” he said. “London is growing rapidly. We have consumer base to support retail outlets, but it’s also shifting beyond the retail model. We’re seeing cultural establishment, libraries and community centers.”

In Terms of Different Use of Mall Space, Both sites have also receive attention from builders look to add residential towers on their land or nearby. In July 2024, Two Towers, 32 and 30 Storeys with 568 units, WERE proposed at White Oaks Mall Where A Parking Garage Now Stands.

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Plans Were Unveiled Last Summer for Three Residential Towers with 563 Units for the Northwest Corner of Fanshawe Park Road and Richmond Street in What is Now A Shopping Plaza Across from Masonville Mall.

Hudson’s Bay, Established in 1670, Filed for Bankruptcy Protection, A Step Toward Declaring Bankruptcy, on March 7. It has about $ 900 million in debt.

Officials with Masonville Place Owner Cadillac Fairview Say they do Know How the Company’s Restructuring Will Affect the London Mall. WestDell Development, Which Owns White Oaks Mall, COULD NOT BE REACHED FOR SOMME.

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