Buyers have been identified for four properties previously occupied by Hudson’s Bay department stores, according to recent court records. The defunct retailer and its former property partner, RioCan Real Estate Investment Trust, have secured 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. has expressed interest 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. is eyeing the former store on Granville Street in Vancouver, and Circle Retail Properties LP is interested in the Devonshire Mall site on Howard Street.
The receiver, appointed last year to oversee the Hudson’s Bay Company (HBC) and RioCan joint venture, intends to seek court approval for the Ottawa sale next week and will pursue authorization for the remaining transactions shortly.
Details regarding the financial terms of the property acquisitions and the future plans of the buyers have not been disclosed in the court filings. Concurrently, Brookfield Properties and Larco Investments have submitted an application to the City of Toronto to convert the upper levels of a former HBC site on Bloor Street East into a self-storage facility. The HBC location on Bloor Street had ceased operations prior to the retailer’s filing for creditor protection in March 2025.
