Buyers have been identified for four properties previously occupied by Hudson’s Bay department stores, according to recent court records. The defunct retailer, along with its former property partner RioCan Real Estate Investment Trust, have secured potential buyers for their downtown Calgary, Ottawa, and Vancouver locations, as well as a site at Devonshire Mall in Windsor, Ont.
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 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 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, intends to seek court approval for the Ottawa sale next week and hopes to proceed with the remaining transactions shortly after. Details regarding the purchase prices offered by the buyers and their future plans for the properties have not been disclosed in the court filings.
In a related development, 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 closure of the HBC store at that address predates the retailer’s insolvency filing in March 2025.