Four properties that were previously occupied by Hudson’s Bay department stores have attracted buyers, as per recent court records. The defunct retailer and its former property partner, RioCan Real Estate Investment Trust, have identified interested parties for their locations in downtown Calgary, Ottawa, Vancouver, and Windsor, Ont.’s Devonshire Mall. Astra Real Estate Corp. seeks the 8th Avenue site in Calgary, a numbered company associated with Claridge Homes is eyeing the Ottawa location on Rideau Street, Onni Development Capital Corp. is interested in the former store on Granville Street in Vancouver, and 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 sale of the Ottawa property next week and will pursue authorization for the other transactions shortly. While the court filings do not disclose the purchase prices or the buyers’ plans for the properties, the documents were submitted around the time that Brookfield Properties and Larco Investments 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 years before filing for creditor protection in March 2025.