Buyers emerge for former Hudson’s Bay stores in four cities

Court filings show buyers have been found for four former Hudson’s Bay properties, including downtown Vancouver’s Granville Street store.

Buyers have emerged for four properties that once housed Hudson’s Bay department stores, including the retailer’s former Granville Street location in downtown Vancouver, according to court filings made this week.

The records show Hudson’s Bay Company and its former property partner, RioCan Real Estate Investment Trust, have prospective purchasers for sites in downtown Calgary, Ottawa, Vancouver and Windsor, Ont. The documents do not disclose proposed purchase prices or what the buyers intend to do with the properties, leaving the future of several prominent retail spaces unresolved.

Onni Development Capital Corp. is seeking the Granville Street property in Vancouver. Astra Real Estate Corp. is listed as the prospective buyer for Calgary’s 8th Avenue site, while a numbered company linked to Claridge Homes is pursuing the Rideau Street location in Ottawa. Circle Retail Properties LP is seeking the Devonshire Mall property on Howard Street in Windsor.

A receiver appointed last year to take control of the joint venture between HBC and RioCan says it plans to ask a court next week to approve the Ottawa sale. It expects to seek permission for the remaining transactions soon.

The filings are the latest sign of movement around former Hudson’s Bay real estate after the retailer filed for creditor protection in March 2025. They also come as 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 that property years before its creditor-protection filing.

For now, court approval is the next key step. Until the transactions are reviewed and more details are filed, the sale prices and the next use of the Vancouver, Calgary, Ottawa and Windsor locations remain unknown.