Overview

• Ruby Liu Commercial Investment Corp. has offered $6 million to assume the leases at Tsawwassen Mills, Mayfair Shopping Centre and Woodgrove Centre in British Columbia.
• Her vision calls for over $30 million in upgrades to transform the sites into a new retail concept featuring entertainment venues, dining options and children’s play zones.
• The three-store offer follows her selection in May as the successful bidder for up to 28 former Hudson’s Bay leases across Alberta, British Columbia and Ontario.
• The lease transfers remain subject to a court ruling and require consent from the property landlords to proceed.
• Hudson’s Bay filed for creditor protection in March, liquidated its remaining stores and sold its intellectual property to Canadian Tire as part of its restructuring.