Although we still have no news about the future of the Rideau Centre, no official statement confirming that Nordstrom will take up Sears space, and no idea if the expansion/new hotel will be built any time soon, I would like to give you guys a bit of hope by presenting a few initiatives that will be taking by the Vancouver Pacific Centre once Sears vacates it's space. They will also expand the Pacific Centre itself on the corner of Howe and Georgia.
The plan is to totally re-clad the old "dirty marshmallow" Sears building with glass and build a direct connection to the City Centre Skytrain subway station. Once the renos are over, the building would be handed over to, as rumored, Nordstrom;
The Bay is also looking at investing 40 million dollars in its Pacific Centre Building (like in Ottawa, the Bay is connected but not part of the downtown shopping centre) to better compete with new high-end stores coming in.
I'm hoping these changes in Vancouver are a preview of things to come here in OT, and as I have said before, I'm think we will hear a lot from Cadillac Fairview, the Rideau Centre and even maybe the Bay somewhere around September/December once the bids for the LRT and downtown subway come in and the city chooses a winner (assuming that the bids come in on budget).