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Claridge Homes closes drawn-out deal to acquire former Hudson’s Bay Ottawa building

Vacant downtown retail asset changes hands in receivership sale
A real estate developer has completed the purchase of the former Hudson's Bay building in downtown Ottawa for an undisclosed price. (CoStar)
A real estate developer has completed the purchase of the former Hudson's Bay building in downtown Ottawa for an undisclosed price. (CoStar)

One of the largest real estate developers in Ottawa took possession of the former Hudson’s Bay building on Rideau Street through a court-approved receivership sale, transferring one of the capital’s largest vacant retail properties after it got tied up in a restructuring process.

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