More than two years after first attempting to sell the Mont-Tremblant ski resort’s shopping village, owner Lasalle Investment Management has relaunched the auction, Le Journal de Montréal reported.

The 135,500-square-foot pedestrian village, located at the base of the Laurentians slopes and divided into about 60 rental units, is again listed with CBRE. Lasalle, a Chicago-based division of JLL, bought the property in 2018 for $68.1 million. It tried to sell the site in February 2023 for $100 million, but the process failed, according to the Journal.

Currently 97% occupied, the village has an average commercial lease term of 5.5 years. CBRE estimates roughly 2.5 million people visit annually, down 40% from the 3.5 million expected in early 2023.

Shops including Roots, Helly Hansen, Columbia, Burton, Hatley, Queues de castor and the SAQ are now reporting average sales of $848 per sf across all seasons, a 27% rise from $670 per sf in 2023, according to the Journal.

At least two Quebec investors—Brasswater, led by Ian Quint, and businessman Ray Junior Courtemanche—had previously expressed interest, the Journal reported.

Alterra Mountain Company continues to own the Mont-Tremblant ski area itself, following its 2018 US$1.5-billion Intrawest acquisition.

Photo: Mont-Tremblant