Buyers have been identified for four properties previously occupied by Hudson’s Bay department stores, according to recent court filings. The defunct retailer, in partnership with RioCan Real Estate Investment Trust, has secured interested parties for their former locations in downtown Calgary, Ottawa, Vancouver, and 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 location on Rideau Street. Onni Development Capital Corp. is eyeing the former store on Granville Street in Vancouver, and Circle Retail Properties LP is targeting the Devonshire Mall site on Howard Street.
The appointed receiver overseeing the joint venture between Hudson’s Bay Company (HBC) and RioCan plans to seek court approval for the sale of the Ottawa property next week, with similar requests for the other transactions to follow shortly.
While details of the purchase offers for the properties have not been disclosed in the court filings, the intended usage of the sites by the buyers remains unspecified.
These developments coincide with Brookfield Properties and Larco Investments’ application to the City of Toronto to repurpose the upper levels of a former HBC location on Bloor Street East into a self-storage facility. HBC had ceased operations at that site prior to filing for creditor protection in March 2025.
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