Four properties that previously housed 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, while a numbered company associated with Claridge Homes seeks the Ottawa site on Rideau Street. Onni Development Capital Corp. has set its sights on the former store on Granville Street in Vancouver, and 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 aims to secure authorization for the other transactions shortly.
Although the court filings do not disclose the purchase prices offered by the buyers or their intended plans for the properties, they coincide with Brookfield Properties and Larco Investments’ application to convert the upper floors of a former HBC site on Bloor Street East in Toronto into a self-storage facility. HBC had closed its operations at that site years prior to filing for creditor protection in March 2025.
