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 secured buyers for their downtown Calgary, Ottawa, and Vancouver locations, as well as a site at Devonshire Mall in Windsor, Ontario.
Astra Real Estate Corp. has expressed interest in acquiring the 8th Avenue property in Calgary, a numbered company associated with Claridge Homes is pursuing the Ottawa location on Rideau Street, and Onni Development Capital Corp. is looking to acquire the former store on Granville Street in Vancouver. Additionally, Circle Retail Properties LP is interested in the Devonshire Mall site on Howard Street.
The receiver, appointed to oversee the joint venture between Hudson’s Bay Company (HBC) and RioCan last year, plans to request court approval for the sale of the Ottawa property and seek authorization for the other transactions in the near future. Details regarding the purchase prices and future plans for the properties remain undisclosed in the court filings.
Coinciding with these developments, Brookfield Properties and Larco Investments have 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 vacated this location years before filing for creditor protection in March 2025.
