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  #1  
Old Posted Jun 27, 2025, 2:29 PM
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Rideau Street Hudson's Bay and Freiman Mall

'Definitely demand' for space in former Bay on Rideau Street, real estate expert says

David Sali, OBJ
June 26, 2025


A top executive from real estate brokerage Avison Young says the former Hudson’s Bay department store on Rideau Street will likely attract interest from a “wide variety” of users as downtown revitalization efforts gain steam and new retailers in nearby properties draw more traffic to the area. Hudson’s Bay stores across the country officially closed their doors on June 1 after the iconic retailer filed for creditor protection in March and failed to find a buyer to keep it alive.

That leaves a gaping hole in the Rideau Street retail landscape, where the department store chain operated its five-storey, 335,000-square-foot flagship location in Ottawa.

However, Avison Young’s managing director for Ontario, Joe Almeida, thinks there will be no shortage of potential tenants looking to occupy the Bay’s former digs. The ByWard Market and surrounding area are showing signs of renewed life, he said. New retailers such as up-and-coming Montreal furniture chain Cozey have recently set up shop on Rideau Street, and Live Nation’s 2,000-seat live performance venue, History Ottawa, is slated to open next door to the vacant Bay store in the former Chapters space in early 2026. “Talking to some of our clients in that market, there’s definitely demand there,” Almeida told OBJ in an interview on Thursday.

“The landlords are going to have to be part of the solution in terms of reimagining how that space might be best suited for today’s market. It’s one of the best locations in the city. We expect that there will be demand from a wide variety of (users).” Hudson’s Bay owned 78 per cent of the former Rideau Street store, with RioCan Real Estate Investment Trust controlling the remaining 22 per cent as part of a joint venture. Earlier this month, the Ontario Superior Court of Justice approved RioCan’s application to put the joint venture – which included 12 properties from across Canada that the department store leased from the partnership – into court-supervised receivership.

FTI Consulting Canada Inc. has been appointed as receiver. RioCan says it will continue to manage the properties and will work with FTI to “preserve and maximize” their value through measures such as “dispositions, re-leasing and advancing potential redevelopment opportunities of individual properties.” Although B.C. billionaire Ruby Liu is looking to turn some of the 80 former Bay stores in other locations into a new chain of department stores, Almeida doubts anyone will try the same approach in downtown Ottawa. He expects the Rideau Street space to eventually be split into smaller parcels that will be leased to various different types of businesses. “Are we going to see somebody take up the entire space with a similar use? That’s probably not going to be the case,” he said. Landlords at other Canadian retail properties where large tenants have pulled up stakes have turned to a variety of users to fill the gaps. For example, in the West Edmonton Mall, an old Sears building was chopped into smaller storefronts as well as a car dealership. Meanwhile, the Eaton Centre in Toronto is filling the footprint left behind by Nordstrom with Italian restaurant Eataly, a new Nike store and Quebec fashion retailer Simons. Earlier this year, Toronto-based retail analyst Bruce Winder told OBJ other malls have turned to even more creative solutions for backfilling vacancies, such as installing pickleball courts. Winder also brought up another possibility – converting the Bay’s old Rideau Street digs into housing. “The Bay is arguably one of the focal points of the ByWard Market,” he said in an interview in March. “It’s a beautiful store. But if you’re a landlord, what are you going to put in that building? You might be able to argue, okay, the building is self-contained so you might be able to make it into condominiums. But I really doubt there’s any retailer that’s going to be able to come and take all the space.” Almeida says it’s still too early to predict how the property will be repurposed. “It’s tough to tell at this point in time,” he said Thursday. “There are still some possibilities depending on how things work out with the Bay and who steps into some of those assets. We still don’t know the final pieces of that story.” Meanwhile, across the street in the Rideau Centre, another huge swath of retail real estate – the two-storey, 157,000-square-foot space formerly occupied by Nordstrom – still sits empty two years after the Seattle-based department store chain pulled out of the Ottawa market. Almeida said that property too will likely end up being leased to multiple users. “I don’t think we’re going to see somebody come in and take the entire space,” he said. “Tenants are looking for smaller, more manageable spaces. It requires the landlord to be part of the solution and be able to rework that space to meet today’s needs.”

https://obj.ca/demand-for-space-in-former-bay-on-rideau-street-expert-says/
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  #2  
Old Posted Jun 27, 2025, 4:12 PM
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[B]'Definitely demand' for space in former Bay on Rideau Street, real estate expert says
Translation: There are no serious offers.
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  #3  
Old Posted Jun 27, 2025, 9:21 PM
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It would only use a bit of the total space, but the Freiman Mall could be developed as an interesting shopping arcade, I should think. Lots of foot traffic.
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Old Posted Jun 28, 2025, 5:19 PM
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It would only use a bit of the total space, but the Freiman Mall could be developed as an interesting shopping arcade, I should think. Lots of foot traffic.
That is a really great idea. Not sure how feasible it is from a leasing perspective, but would be great to see.
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  #5  
Old Posted Jun 29, 2025, 4:16 PM
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I'd like to see CF buy the Freeman mall and transform it into an interesting destination with shopping, entertainment options and public washrooms while keeping the public access through the building to link Rideau and George.

The HBC/Freiman department store requires more thought.
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  #6  
Old Posted Jun 29, 2025, 5:52 PM
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I think the challenge with the current retail climate is there isn’t anything obvious that the Rideau Centre doesn’t have that is currently expanding.

I could see Uniqlo looking for a larger space at some point and GoodLife looking to get out of that basement, but those would be small parts of the floor space.
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  #7  
Old Posted Jun 29, 2025, 10:28 PM
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Ottawa could use a Muji, which could fit into a part of the old Bay space at Rideau.
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  #8  
Old Posted Aug 10, 2025, 5:10 PM
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Pourquoi pas un musée du Street Art dans l’ancien La Baie de la rue Rideau?


Par Clémence Labasse, LeDroit
10 août 2025 à 04h05


Depuis le départ de La Baie d’Hudson, l’édifice à l’angle des rues Rideau et Sussex attend patiemment un nouveau locataire. Pour l’ancien conseiller d’Ottawa Mathieu Fleury et le sénateur Andrew Cardozo, cette situation est une occasion idéale de faire quelque chose de novateur dans la capitale.

À Ottawa, les murales peintes ne manquent pas. Une carte d’un collectif local en recense près de 400 à travers le centre-ville et le marché By, et aussi dans de nombreux autres quartiers comme Vanier, le Glebe, le quartier chinois, Hintonburg, et Orléans.

Malgré cela, le dynamisme de cette scène ottavienne des arts de la rue, plus informelle et libre que les beaux-arts traditionnels, est loin d’être aussi connu que celles d’autres grandes villes canadiennes.

Pour deux passionnés de l’urbanisme de la capitale, il est grand temps que cela change. Et une occasion en or pour y remédier s’est présentée, il y a quelques mois.

Avec le sénateur Andrew Cardozo, l’ancien conseiller municipal Mathieu Fleury a publié un texte d’opinion invitant les décideurs et la communauté à repenser comment utiliser l’espace abandonné par La Baie d’Hudson en mai, à quelques pas à peine du Sénat et de la colline Parlementaire, mais aussi du marché By et de son école d’Art.

«Une galerie d’art graffiti permettrait non seulement de mettre en valeur une forme d’art qui est très accessible et vibrant, mais aussi de le légitimer et de l’élever dans le paysage culturel canadien», écrivent-ils dans leur texte publié dans le Ottawa Citizen.

«Un lieu où la couleur, la créativité et la communauté se rencontrent, et un centre culturel qui attirerait les gens sortant du train léger et des rues piétonnières du marché By.»

«Cela fait longtemps que je pensais qu’un musée du graffiti serait une excellente idée pour Ottawa, peu importe son emplacement; après avoir découvert le musée de l’art urbain de plein air de Miami qui a complètement revitalisé le quartier Wynewood», raconte le sénateur Cardozo.

«Or, voilà qu’un immense espace se libère et il risque de rester vide pendant encore longtemps, car le commerce dans cette zone ne se développe pas vraiment dernièrement, avec les différents problèmes que rencontre le marché By. En mettant ces deux choses ensemble, on pourrait créer quelque chose de très excitant.»

Liberté d’expression et représentation

L’accent sur le graffiti et l’art de rue, explique Andrew Cardozo, n’a rien d’anodin.

«Il y a tellement de différentes personnes pour qui avoir un tel espace pourrait compter. Le graffiti peut être un médium libérateur pour beaucoup de gens et de communautés qui ont le sentiment de ne pas avoir de voix ou d’être entendus», souligne-t-il.

Au-delà des carcans bien établis des musées fédéraux et des galeries de la Ville, ce nouveau musée pas comme les autres pourrait permettre aux artistes de rue d’explorer des thématiques et des réalités différentes, qui leur sont propres et très ancrées dans leurs environnements.

«Une femme m’a écrit pour nous dire que son fils était un artiste, qui malheureusement est mort à cause de la drogue… un grand problème dans notre ville de nos jours, ajoute le sénateur. Elle me disait qu’il y a de nombreux artistes dans cette communauté qui se sont retrouvés à la rue et certains sont morts; et elle demandait si cette galerie pourrait peut-être aussi être un moyen d’honorer leur mémoire.»

Dernièrement, la communauté de l’art urbain d’Ottawa vit également des moments difficiles.

Le festival de hip-hop et de culture urbaine populaire, House of Paint, qui existait dans la capitale depuis plus de 20 ans, semble discrètement avoir disparu cette année.

Après le départ de la directrice générale Victoria Roy et des inondations qui ont empêché le festival de se tenir dans son lieu de prédilection, sous le pont George Dunbar l’an dernier, les réseaux sociaux de l’organisme sont devenus dormant, fin 2024. La communauté du festival et ses pages en ligne étaient pour beaucoup la première destination à Ottawa pour découvrir de nouveaux artistes.

Un concept qui a déjà timidement fait ses preuves

Une expérience similaire à ce que proposent les deux hommes a déjà été essayée brièvement dans la capitale.

Lors de la pandémie, un collectif d’artiste du Glebe dont fait partie le sénateur Cardozo, a remarqué qu’un grand espace commercial sous le Winners de la place Lansdowne était inoccupé et a demandé à l’association communautaire du quartier et à la zone d’amélioration commerciale (ZAC) s’ils pourraient se servir de cet espace pour mettre en valeur les artistes locaux. La Community Pop-up Art Gallery est née.

«L’espace était vide et n’allait pas être réutilisé d’aussitôt à cause de la COVID. On a pu l’utiliser pendant près d’un an, ça a bien marché pour toutes les personnes impliquées!» raconte Andrew Cardozo.

Pour le moment, l’idée de la galerie d’art du graffiti ou «GAG» ne fait que sortir de terre.

Si la proposition est ambitieuse, les auteurs précisent qu’ils imaginent pour le moment installer ce musée avec un bail temporaire de deux à cinq ans, dans un projet pilote qui pourrait permettre d’obtenir le soutien de la communauté et d’investisseurs potentiels.

Ni la municipalité, ni les propriétaires privés de l’édifice (HBC et RioCan) ou même la scène artistique ottavienne n’ont été consultés ou ne travaillent sur un tel projet pour le moment.

Questionné sur l’avenir de l’édifice de la rue Rideau en juin, le maire Sutcliffe avait indiqué que la décision sur l’avenir reviendrait aux propriétaires. La Chambre de commerce d’Ottawa avait, elle, mentionné qu’elle appuierait «un réaménagement transformateur et ambitieux» des espaces vides.

«Ottawa a le devoir de représenter ce que le Canada a de mieux à offrir, autant grâce à son patrimoine qu’avec des projets modernes», conclut Mathieu Fleury.

https://www.ledroit.com/actualites/actua...a-rue-rideau-57JEAQUYLRFHPFVEZC57KYASVM/
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  #9  
Old Posted Aug 11, 2025, 12:21 AM
DarthVader_1961 DarthVader_1961 is offline
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Maybe expand the live music place going into the old chapters?
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  #10  
Old Posted Aug 11, 2025, 1:41 AM
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Maybe expand the live music place going into the old chapters?
Might want to see how the place works out first, but maybe a competitor?
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  #11  
Old Posted Aug 11, 2025, 12:49 PM
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Street Art Museum might do better in the current (soon to be former) central library. The brutalist architecture/blank concrete walls are tailor made for murals.

Vitoria and Winnipeg have done/are doing interesting things with their old heritage HBC buildings.

Victoria hollowed out the middle to create a courtyard and converted the rest to condos.

Video Link


Winnipeg's HBC was donated to Indigenous groups around 2022 and will become an housing and a community hub. Similarly, the centre will be hollowed out, but to create an atrium instead of a courtyard.







https://www.aptnnews.ca/national-news/co...outhern-chiefs-organization-now-doubled/
https://skyscraperpage.com/forum/showthread.php?t=245023

Last edited by J.OT13; Aug 11, 2025 at 1:05 PM.
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Old Posted Aug 11, 2025, 6:19 PM
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It's probably a pipedream, but I'd love to see them reopen the street (for pedestrians) between Rideau and George under the overpass and restore the historical facades of the adjacent buildings (and get rid of the ugly brick that's there now).

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  #13  
Old Posted Aug 11, 2025, 7:04 PM
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It's probably a pipedream, but I'd love to see them reopen the street (for pedestrians) between Rideau and George under the overpass and restore the historical facades of the adjacent buildings (and get rid of the ugly brick that's there now).

I wouldn't mind that, reopening old Mosgrove Street.


https://commons.wikimedia.org/wiki/File:Mosgrove_Street_Rideau_Ottawa_1938.jpg


https://www.historynerd.ca/2018/11/25/rideau-street-at-mosgrove-1977-and-1978/

Issue though is that two of the heritage buildings east of Mosgrove/Freiman Mall entrance are were demolished and part of the Freiman Mall, so they are just façadism. We can't really rebuild the lost heritage. And that's partially why I much prefer true heritage preservation, the entire structure, over facadism, where the modern building could be demolished years later and now we're left with a façade (two in this case). Do we façadsim the façadism?

https://www.google.com/maps/place/CF+Rid..._ep=EgoyMDI1MDgwNi4wIKXMDSoASAFQAw%3D%3D
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Old Posted Aug 12, 2025, 4:55 PM
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If the street was reinstated you'd have to take down the skybridge across Rideau which has become an established link between the Rideau Centre and the Byward Market. I would retain it as an indoor street, improving the free flow with maybe better larger doors (automatic sliding doors?) on both sides. The eastern side ground floor would make a great food court, the west side would be a great place for the Farm Boy to relocate to (or some other grocery).

If they improved and centralized the escalators and elevators in an enlarged Freiman mall atrium I think the upper floors could easily house quite a few retail stores and add to the Rideau Centre's critical mass.

Another store I can think of is maybe an urban format Canadian Tire? Downtown is such a hardware desert.
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  #15  
Old Posted Aug 12, 2025, 5:00 PM
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Is the Home Hardware store at 140 George no longer there?
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  #16  
Old Posted Aug 12, 2025, 5:31 PM
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Is the Home Hardware store at 140 George no longer there?
Closed early January 2021
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  #17  
Old Posted Aug 12, 2025, 5:32 PM
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Is the Home Hardware store at 140 George no longer there?
Been gone for a while. I think it was a Covid casualty.
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  #18  
Old Posted Aug 12, 2025, 6:09 PM
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An IKEA would be nice.
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  #19  
Old Posted Aug 12, 2025, 6:30 PM
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An IKEA would be nice.
Agreed. We also have the old Nordstrom. Plenty of empty retail to fill with essentials.
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  #20  
Old Posted Aug 13, 2025, 9:12 PM
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I will be so angry at the Ontario government if they don't acquire the Nordstrom space for the Rogers Centre. One time opportunity. Calgary's BMO Centre has 348,163sf of exhibit space, and they also have the Telus Convention Centre with 47,047sf of exhibit space. A total of 395,210sf of major convention space. The Rogers Centre in Ottawa has 57,740sf of exhibit space. Winnipeg has 131,056sf in their convention centre. How pathetic is that?!? Ottawa needs to step up in this area. Smack dab in the middle of the Quebec City-Windsor corridor and the Ontario government still hasn't realized the potential.
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