Buyers have been identified for four former Hudson’s Bay department store properties, according to recent court records. The defunct retailer and its former property partner, RioCan Real Estate Investment Trust, have secured interested parties for locations in downtown Calgary, Ottawa, Vancouver, and Windsor, Ont.
Astra Real Estate Corp. is eyeing the 8th Avenue property in Calgary, a numbered company associated with Claridge Homes is pursuing the Ottawa site on Rideau Street, and Onni Development Capital Corp. has shown interest in the former store on Granville Street in Vancouver. Additionally, 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 and RioCan is planning to seek court approval for the Ottawa sale and the other transactions in the near future. Although the court documents do not disclose the purchase prices or future plans for the properties, it is noted that these developments coincide with Brookfield Properties and Larco Investments’ application to convert the upper floors of a former HBC location on Bloor Street East in Toronto into a self-storage facility. HBC had vacated this property years prior to filing for creditor protection in March 2025.