Four properties that were once home to Hudson’s Bay department stores have found buyers, as per court records filed this week. The defunct retailer and its former property partner, RioCan Real Estate Investment Trust, have secured takers for their downtown Calgary, Ottawa, and Vancouver locations, along with a site at Devonshire Mall in Windsor, Ontario.
Astra Real Estate Corp. is interested in acquiring the 8th Avenue property in Calgary, a numbered company associated with Claridge Homes is pursuing the Ottawa location 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 has shown interest in the Devonshire Mall site on Howard Street.
The receiver appointed to oversee the Hudson’s Bay Company (HBC) and RioCan joint venture last year has indicated that it will seek court approval for the Ottawa sale and will soon request permission for the other transactions. Details regarding the purchase prices or future plans for the properties by the buyers have not been disclosed in the court filings.
Coinciding with these developments, Brookfield Properties and Larco Investments have submitted an application to the City of Toronto to convert the upper levels of a former HBC location on Bloor Street East into a self-storage facility. The HBC store at that address had closed years before the retailer entered creditor protection in March 2025.