Four properties that once housed Hudson’s Bay department stores have found buyers, as per court records filed this week. The defunct retailer and its former property partner RioCan Real Estate Investment Trust have secured interested parties for their locations in downtown Calgary, Ottawa, Vancouver, and Windsor, Ont.’s Devonshire Mall.
Astra Real Estate Corp. is eyeing the 8th Avenue property in Calgary, while a numbered company associated with Claridge Homes is interested in the Ottawa location on Rideau Street. Onni Development Capital Corp. is looking at the former store on Granville Street in Vancouver, and Circle Retail Properties LP is interested in the Devonshire Mall site on Howard Street.
A court-appointed receiver for the Hudson’s Bay Company (HBC) and RioCan joint venture plans to seek court approval for the Ottawa sale next week and for the other transactions shortly after. The details of the buyers’ offers for the properties and their future plans for them have not been disclosed in the court filings.
Meanwhile, 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 closed its operations at that location years prior to filing for creditor protection in March 2025.