Four properties that previously housed Hudson’s Bay department stores have found buyers, according to court documents filed this week. The defunct retailer and its former property partner, RioCan Real Estate Investment Trust, have identified purchasers for their locations in downtown Calgary, Ottawa, Vancouver, and Windsor, Ontario.
Astra Real Estate Corp. is interested in acquiring the Calgary location on 8th Avenue, while a numbered company associated with Claridge Homes is pursuing the Ottawa site on Rideau Street. Onni Development Capital Corp. has set sights on the former store on Granville Street in Vancouver, and Circle Retail Properties LP has targeted the Devonshire Mall site on Howard Street.
A receiver, appointed last year to oversee the Hudson’s Bay Company (HBC) and RioCan joint venture, intends to seek court approval for the Ottawa sale and proceed with the other transactions in the near future. The court filings do not disclose the purchase prices or the intended use of the properties by the buyers.
Simultaneously, Brookfield Properties and Larco Investments have applied to convert the upper levels of a former HBC site on Bloor Street East in Toronto into a self-storage facility. HBC had vacated this location years prior to filing for creditor protection in March 2025.
