Article
CBRE Is Selling the Iconic Former Hudson’s Bay Building in Vancouver
December 11, 2025 3 Minute Read
CBRE Ltd. and Marcus & Millichap have been appointed as the exclusive advisory team for the sale of 674 Granville Street, the former flagship Hudson’s Bay Co. store in downtown Vancouver.
“This is an extraordinary opportunity to acquire one of Vancouver’s most iconic assets,” says Jim Szabo, Vice Chairman of CBRE’s National Investment Team. “The scale, location, and connectivity of 674 Granville are unmatched in the market.”
The property is being listed on behalf of FTI Consulting Canada Inc., acting as court-appointed receiver.
Szabo notes that 674 Granville is situated at centre ice in Vancouver’s financial and retail district.
“Investors have the ability to unlock significant upside through repositioning or redevelopment strategies while preserving the building’s architectural and historical legacy,” he says.
Highly Visible Location
The former Hudson’s Bay building comprises approximately 617,628 sq. ft. across seven floors and two underground levels, and occupies a 1.76-acre site at the highly visible intersection of Granville and West Georgia streets.
With direct underground connectivity to Pacific Centre Mall and the Granville SkyTrain station, as well as proximity to Burrard and Vancouver City Centre stations, the building boasts multiple points of transit access and operational retail synergies.
Szabo says the ex-Hudson’s Bay building’s ‘Heritage A’ façade and flexible vacant interior space provides the potential to create a “unique blend of historic character with contemporary functionality.”
Underscores Dynamism
The property sits at the heart of Vancouver’s retail high street and entertainment corridor, surrounded by leading office towers and flagship retail destinations.
The building’s average floor plates of ~70,000 sq. ft. mean there is flexibility for multi-tenant configurations, making it ideal for a mix of retail and/or office uses. Potential infill redevelopment scenarios further enhance the long-term value proposition, Szabo points out.
“This listing underscores the dynamism of Vancouver’s commercial real estate market,” he says. “674 Granville Street is not only a cornerstone of the city’s history but also a rare opportunity for investors to leverage Vancouver’s strong market fundamentals and long-term growth potential.”
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