HBC, the parent company of Saks Fifth Avenue and Canadian retailer Hudson’s Bay, has unveiled a 5-year plan to restore and develop properties including the historic Saks Fifth Avenue property on Wilshire Boulevard. The plans, which include six parcels across two blocks totaling 3.4 acres, would add commercial spaces, luxury apartments, and retail and dining destinations in addition to Saks Beverly Hills.
The project seeks to revitalize the drowsier Wilshire leg of the Golden Triangle, says Carolina Simon, a Vice President with the developer.
