Four properties that were previously occupied by Hudson’s Bay department stores have found buyers, according to court records filed this week. The defunct retailer, along with its former property partner RioCan Real Estate Investment Trust, have interested parties for their downtown locations in Calgary, Ottawa, and Vancouver, as well as a site at Devonshire Mall in Windsor, Ontario.
Astra Real Estate Corp. is looking to acquire the 8th Avenue property in Calgary, while a numbered company associated with Claridge Homes is pursuing the Ottawa site on Rideau Street. Onni Development Capital Corp. has set its sights on the former store on Granville Street in Vancouver, and Circle Retail Properties LP is interested in the Devonshire Mall site on Howard Street.
The receiver, appointed to manage the joint venture between Hudson’s Bay Company (HBC) and RioCan, plans to seek court approval for the Ottawa sale next week and will also seek permission for the other transactions in the near future. The court documents do not disclose the purchase prices offered by the buyers or their plans for the properties.
The filings coincided with Brookfield Properties and Larco Investments applying to the City of Toronto to convert the upper levels of a former HBC site on Bloor Street East into a self-storage facility. The HBC location had been closed years before the retailer filed for creditor protection in March 2025.