Four properties that formerly housed Hudson’s Bay department stores have attracted buyers, according to court records filed this week. The defunct retailer and its former property partner, RioCan Real Estate Investment Trust, have found 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 location in Calgary, a numbered company associated with Claridge Homes is pursuing the Ottawa site on Rideau Street, and Onni Development Capital Corp. has set its sights on the former store on Granville Street in Vancouver. Additionally, Circle Retail Properties LP is looking to acquire the Devonshire Mall site on Howard Street.
The receiver, appointed to oversee the joint venture between Hudson’s Bay Company (HBC) and RioCan, plans to seek court approval for the Ottawa sale next week and aims to secure authorization for the other transactions in the near future. The court documents do not disclose the financial terms offered by the buyers for the properties or their intended plans for them.
In related 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 closed its operations at that location well before filing for creditor protection in March 2025.
