Four properties previously owned by Hudson’s Bay department stores have found buyers, according to court records filed this week. The defunct retailer and RioCan Real Estate Investment Trust have identified purchasers for their locations in downtown Calgary, Ottawa, Vancouver, and Windsor, Ont.’s Devonshire Mall.
Astra Real Estate Corp. is interested in acquiring the 8th Avenue property in Calgary, while a numbered company associated with Claridge Homes is pursuing the Ottawa site on Rideau Street. Onni Development Capital Corp. has set its sights on the former store on Granville Street in Vancouver, with Circle Retail Properties LP eyeing the Devonshire Mall site on Howard Street.
A court-appointed receiver overseeing the Hudson’s Bay Company (HBC) and RioCan joint venture intends to seek court approval for the Ottawa sale next week and is planning to seek approval for the other transactions soon.
The court filings do not disclose the purchase prices offered by the buyers for the properties or their intended plans for them. Meanwhile, Brookfield Properties and Larco Investments have applied to the City of Toronto to repurpose the upper floors of a former HBC site on Bloor Street East into a self-storage facility. HBC had ceased operations at that location years prior to filing for creditor protection in March 2025.
