Four properties previously occupied by Hudson’s Bay department stores have found buyers, according to court records filed this week. The defunct retailer and its former property partner RioCan Real Estate Investment Trust have identified interested parties for their downtown Calgary, Ottawa, and Vancouver locations, as well as a site at Devonshire Mall in Windsor, Ontario.
Astra Real Estate Corp. is interested in acquiring the 8th Avenue property in Calgary, a numbered company associated with Claridge Homes is pursuing the Ottawa site on Rideau Street, and Onni Development Capital Corp. is looking to acquire the former store on Granville Street in Vancouver. In addition, Circle Retail Properties LP is eyeing the Devonshire Mall location on Howard Street.
The receiver, appointed to oversee the Hudson’s Bay Company (HBC) and RioCan joint venture last year, plans to seek court approval for the Ottawa sale next week and will proceed with the other transactions shortly after. The court filings do not disclose the purchase prices offered for the properties or the intended use by the buyers.
Around the same time as these developments, Brookfield Properties and Larco Investments applied to the City of Toronto to convert the upper floors of a former HBC site on Bloor Street East into a self-storage facility. HBC had closed its operations at that site prior to filing for creditor protection in March 2025.