Buyers have been identified for four former Hudson’s Bay department store properties, as revealed in court records filed recently. The defunct retailer, along with its ex-property partner RioCan Real Estate Investment Trust, have 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. is looking to acquire the 8th Avenue site in Calgary, a numbered company associated with Claridge Homes is pursuing the Ottawa location on Rideau Street, and Onni Development Capital Corp. has set sights on the former store on Granville Street in Vancouver. Additionally, Circle Retail Properties LP is interested in the Devonshire Mall site on Howard Street.
The receiver, appointed to oversee the HBC and RioCan joint venture last year, plans to seek court approval for the Ottawa sale next week and will soon request permission for the other transactions. The court documents do not disclose the purchase offers for the properties or the future plans of the buyers.
Coinciding with these developments, Brookfield Properties and Larco Investments have applied to convert the upper floors of a former HBC site on Bloor Street East in Toronto into a self-storage facility. HBC had shut down its operations at that location years prior to filing for creditor protection in March 2025.