Four properties previously occupied by Hudson’s Bay department stores have attracted potential buyers, according to recent court records. 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, along with a site at Devonshire Mall in Windsor, Ontario. Astra Real Estate Corp. has expressed interest in the 8th Avenue property in Calgary, while a numbered company associated with Claridge Homes is eyeing the Ottawa site on Rideau Street. Onni Development Capital Corp. is looking to acquire the former store on Granville Street in Vancouver, and Circle Retail Properties LP is interested in the Devonshire Mall location on Howard Street.
A receiver, appointed to oversee the joint venture between Hudson’s Bay Company (HBC) and RioCan, is planning to seek court approval for the sale of the Ottawa property and the other transactions in the near future. The court filings do not disclose the financial terms of the potential sales or the plans the buyers have for the properties.
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 closed its operations at that location years before filing for creditor protection in March 2025.