Buyers have been secured for four properties previously occupied by Hudson’s Bay department stores, as per court records filed this week. The defunct retailer, along with its former property partner RioCan Real Estate Investment Trust, have identified interested parties for their former locations in downtown Calgary, Ottawa, and Vancouver, as well as at Devonshire Mall in Windsor, Ontario.
Astra Real Estate Corp. is interested in acquiring the 8th Avenue location in Calgary, while a numbered company associated with Claridge Homes is pursuing the site on Rideau Street in Ottawa. Onni Development Capital Corp. has set 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 plans to seek court approval for the sale of the Ottawa property next week and will follow up with requests for approval of the other transactions shortly.
Details regarding the financial terms of the property acquisitions and the future plans for the sites have not been disclosed in the court filings. Concurrently, Brookfield Properties and Larco Investments have submitted an application to the City of Toronto to repurpose the upper levels of a former HBC site on Bloor Street East into a self-storage facility. HBC had vacated this location years prior to filing for creditor protection in March 2025.