Former Hudson’s Bay building planned for retail and self-storage use 

May 27, 2026: Brookfield Properties and Larco Investments have submitted plans to redevelop a former Hudson’s Bay retail building located at 2 Bloor St. E. in Toronto into a modern mixed-use property.

The proposed redevelopment involves converting the existing five-story structure into a combination of retail and self-storage space. Under the current plans, the ground floor will continue to serve as retail space, while the upper four floors will be transformed into approximately 216,311 square feet of self-storage facilities.

The project will also retain the building’s existing loading docks and parking spaces to support operational convenience and accessibility. 

The redevelopment project has been designed by Los Angeles-based architectural firm Adamson Associates Inc., known for its expertise in large-scale commercial and mixed-use developments.

Brookfield Properties manages a global portfolio of more than 1,500 buildings, totaling approximately 280 million square feet across multiple sectors worldwide.

Larco Investments, headquartered in Vancouver, is a real estate investment company with holdings across commercial, hospitality, residential, and self-storage properties.

Source: www.insideselfstorage.com/self-storage-development/self-storage-development-and-zoning-activity-may-2026