Four properties previously occupied by Hudson’s Bay department stores have found potential buyers, according to court documents filed this week. The defunct retailer and its former property partner, RioCan Real Estate Investment Trust, have identified interested parties for their downtown Calgary, Ottawa, and Vancouver locations, as well as the site at Devonshire Mall in Windsor, Ontario.
Astra Real Estate Corp. is interested 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 eyeing the Devonshire Mall location on Howard Street.
The receiver appointed to oversee the Hudson’s Bay Company (HBC) and RioCan joint venture plans to seek court approval for the sale of the Ottawa property next week and hopes to move forward with the other transactions shortly. The court filings do not disclose the proposed purchase prices for the properties or the future plans of the buyers.
Coinciding with these developments, Brookfield Properties and Larco Investments have applied to the City of Toronto 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 before filing for creditor protection in March 2025.
This latest progress comes as stakeholders wait to see the outcomes of these transactions and potential redevelopment plans for these prominent retail locations.