Four properties previously occupied by Hudson’s Bay department stores have secured buyers, according to court documents 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. has expressed interest in the 8th Avenue property in Calgary, a numbered company associated with Claridge Homes is pursuing the Ottawa site on Rideau Street, and Onni Development Capital Corp. is looking at the former store on Granville Street in Vancouver. Additionally, Circle Retail Properties LP has shown interest in acquiring the Devonshire Mall site on Howard Street.
The court-appointed receiver overseeing the Hudson’s Bay Company (HBC) and RioCan joint venture intends to seek court approval for the Ottawa sale and initiate approval processes for the other transactions in the near future.
The court filings do not disclose the financial terms offered by the buyers for the properties or their intended plans for the sites. Simultaneously, Brookfield Properties and Larco Investments have applied to the City of Toronto to convert the upper floors of a former HBC location on Bloor Street East into a self-storage facility. HBC had closed its operations at that location prior to filing for creditor protection in March 2025.