Astra Takes Over Historic Bay Building | Toronto News

Calgary’s historic Bay Building, once Canada’s largest department store and a downtown icon for over 100 years, has just been sold to Astra Real Estate Corp.—known for breathing new life into old office towers. With six competitive bids and no heritage protections, the future of this Stephen Avenue giant is up for grabs, sparking excitement across the city. Plans could include residential units, a hotel, or a mix of retail and dining—echoing successful redevelopments elsewhere. While no applications or funding have been submitted yet, locals are watching closely, hopeful that the new owner will honor its legacy while revitalizing one of Calgary’s most vital urban landmarks. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a650c7f20d3b9bfd