Four properties previously occupied by Hudson’s Bay department stores have found buyers, according to court records 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, Vancouver, and Windsor locations. Astra Real Estate Corp. is interested in the Calgary site, a numbered company associated with Claridge Homes is eyeing the Ottawa location, Onni Development Capital Corp. is looking at the Vancouver property, and Circle Retail Properties LP is interested in the Windsor site.
A receiver appointed to oversee the Hudson’s Bay Company (HBC) and RioCan joint venture last year is planning to seek court approval for the Ottawa sale and the other transactions in the near future. The court documents do not disclose the financial terms of the property sales or the intentions of the buyers.
In a separate development, 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. The HBC site had closed before the retailer entered creditor protection in March 2025.