Four properties previously occupied by Hudson’s Bay department stores have found buyers, according to court records filed this week. The defunct retailer, in collaboration with RioCan Real Estate Investment Trust, has interested parties for its downtown Calgary, Ottawa, and Vancouver locations, along with the site at Devonshire Mall in Windsor, Ontario.
Astra Real Estate Corp. is interested in acquiring the 8th Avenue property in Calgary, a numbered company associated with Claridge Homes is pursuing the Ottawa location 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 seeking to acquire the Devonshire Mall site on Howard Street.
The appointed receiver overseeing the HBC and RioCan joint venture intends to seek court approval for the sale of the Ottawa property next week and will subsequently seek approval for the other transactions. The court documents do not disclose the financial details of the transactions or the future plans for the properties.
Coinciding with these developments, Brookfield Properties and Larco Investments have applied to the City of Toronto to repurpose the upper floors of a former HBC site on Bloor Street East into a self-storage facility. The HBC location had been closed years prior to the retailer’s insolvency filing in March 2025.