this post was submitted on 22 Mar 2025
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And apartment complexes, or department stores.
This, so much this. I literally just went by the bay and it'd just fucking sad. It's a squeezed out husk
I figured things were at the end when Nespresso pulled out their boutique from the flagship downtown Montreal location last year, or two years ago.
The homeless tents lined up on the West and East sides of the building didn't help, or the defective escalators.
They say the retail landscape changed too much and passed them by, but downtown there's Simon's that has IMO pretty much the same large store with clothes, sheets, bath supplies. No appliances or perfumes though, maybe The Bay was just too big.
No
They bay was bought up by some investment firm.
What these companies do, typically, is just squeeze all the money out of their next target by any way possible.
For example: The buildings that are owned by the companies will be sold for cheap to a different company that is also owned by them and then rented back at insane rates.
The bay received no investments whatsoever, and miracle o miracle, it went bankrupt and we have no idea how!
I went there a lot for reasons and I can tell you that nobody went there anymore because it was all shit. Old, ugly, no maintenance. Want to go 6 floors up? Walk up the stairs because ALL the elevators are out