become the Canadian flagship location of Saks Fifth Avenue, the American luxury department store chain which is now also owned by Hudson's Bay Company (HBC). However, it was subsequently announced that HBC would instead be renovating its flagship Hudson's Bay store at Yonge and Queen to include a 150,000 square foot Saks Fifth Avenue, and would leave the Yonge and Bloor location as a Hudson's Bay store. In August 2014, the centre became the subject of controversy when its property manager, Brookfield Properties Ltd, admitted to regularly confiscating bicycles that were locked to a pole on a municipal right of way on Bloor St. outside of the mall. Many Torontonians accused the centre of theft and the City of Toronto assigned by-law officers to investigate. In 2021, the iconic "The Bay" signage that was displayed on top of the office tower for nearly 50 years was removed. The following year, the Hudson's Bay Company announced that the Yonge and Bloor department store would close at the end of May 2022, and the site is expected to be redeveloped in conjunction with a major overhaul of the Bloor-Yonge TTC station. The store finally closed on May 13, 2022. References Note External links Skyscrapers in Toronto Modernist architecture in Canada Hudson's Bay Company Brookfield Properties buildings 1974 establishments in Ontario Skyscraper office buildings in Canada Retail buildings in Canada Office buildings completed in 1974