Four properties previously occupied by Hudson’s Bay department stores have secured buyers, as revealed in court records this week. The defunct retailer, along with its former property partner RioCan Real Estate Investment Trust, have identified interested parties 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 the 8th Avenue location in Calgary, a numbered company associated with Claridge Homes is pursuing the Ottawa site 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 is eyeing the Devonshire Mall site on Howard Street.
The receiver, appointed to oversee the HBC and RioCan joint venture last year, is planning to seek court approval for the Ottawa sale next week, with plans to follow suit for the other transactions. While the court documents do not disclose the purchase prices or future plans for the properties, they coincide with Brookfield Properties and Larco Investments’ application to convert the upper floors of a former HBC site on Bloor Street East into a self-storage facility. HBC had vacated the location years prior to filing for creditor protection in March 2025.
