Buyers have been identified for four former Hudson’s Bay department store properties, according to court records filed this week. The defunct retailer and its former property partner RioCan Real Estate Investment Trust have secured 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 keen on acquiring 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 set sights on the former store on Granville Street in Vancouver. Circle Retail Properties LP is interested in the Devonshire Mall site on Howard Street.
The receiver, appointed to oversee the joint venture between Hudson’s Bay Company (HBC) and RioCan last year, plans to seek court approval for the Ottawa sale next week and intends to proceed with the other transactions shortly.
Details on the financial terms of the property sales or the future plans of the buyers have not been disclosed in the court filings. Additionally, around the same time as these developments, Brookfield Properties and Larco Investments submitted an application to the City of Toronto to convert the upper floors of a former HBC location on Bloor Street East into a self-storage facility. HBC had ceased operations at that site years prior to filing for creditor protection in March 2025.