Buyers emerge for Hudson’s Bay stores in downtown Vancouver, Calgary, Ottawa: court docs


Text to Speech Icon

Listen to this article

Estimated 2 minutes

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.

Buyers have been found for four properties that used to be home to Hudson’s Bay department stores.

Court records filed this week show the defunct retailer and its ex-property partner RioCan Real Estate Investment Trust have takers for their downtown Calgary, Ottawa and Vancouver sites, as well as a location at Devonshire Mall in Windsor, Ont.

Astra Real Estate Corp. wants the 8th Avenue location in Calgary, a numbered company linked to Claridge Homes is after the Ottawa site on Rideau Street and Onni Development Capital Corp. is eyeing the former store on Granville Street in Vancouver. Meanwhile, Circle Retail Properties LP wants the Devonshire Mall site on Howard Street.

A receiver, which was appointed to take control of the Hudson’s Bay Company (HBC) and RioCan joint venture last year, says it will ask a court next week to approve the Ottawa sale and seek permission for the other transactions soon.

Court filings do not show what the buyers have offered to pay for the properties, nor what they will do with them.

The filings were made around the same time as Brookfield Properties and Larco Investments applied to the City of Toronto to turn the upper floors of a former HBC site on Bloor Street East into a self-storage facility. HBC closed its property at that location years before the retailer filed for creditor protection in March 2025.



Source link

  • Related Posts

    Trump signs bill ending partial government shutdown

    Trump signs bill ending partial government shutdown Source link

    2025 was record year for Canadian domestic travel: Airbnb

    Airbnb’s Canadian users also showed a strong preference for exploring their own province, with 70 per cent of domestic travel by Ontarians occurring within Ontario and the same for British…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Trump signs bill ending partial government shutdown

    Trump signs bill ending partial government shutdown

    Robots With Different Designs Can Now Share Skills

    Robots With Different Designs Can Now Share Skills

    County DIV2 2026, KEN vs DER 14th Match Match Report, May 01 – 04, 2026

    County DIV2 2026, KEN vs DER 14th Match Match Report, May 01 – 04, 2026

    New Arc Raiders Map, New Threat: Your Guide to the Arc Turbine in Riven Tides

    New Arc Raiders Map, New Threat: Your Guide to the Arc Turbine in Riven Tides

    Oscars changes allow for double acting nominations while banning AI | Oscars

    Oscars changes allow for double acting nominations while banning AI | Oscars

    How Alto plans to buy out property owners for its high-speed rail plans

    How Alto plans to buy out property owners for its high-speed rail plans