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The year was 1911, and to better accommodate the growing population in Calgary and the resulting growth in their business, the Hudson's Bay Company began construction of their 4th store in Calgary. The first section was completed in 1913, occupying this corner and extending half way down the block towards 8th Avenue. A major expansion in 1929 extended the structure to 8th Avenue. If you look closely at the photo, you can see where the new section was added -- where the number of arches between the main pillars changes from 2 to 3. The store has been compared variously to Harrod's of London and a museum over its storied existence. Of particular note was the dining room on the top floor, a favourite eating and meeting place for early Calgarians. Contrast this with the relative size and austerity of the #3 store, which still stands 1 block to the south and east of this corner.
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