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$400M Lac Mirabel Complex Moves Forward

MONTREAL-The 1.9-million-sf shopping center is striving for sustainability excellence without sacrificing profitability.

By Joe Clements | Updated on May 18, 2007

MONTREAL-An aquarium, man-made lakes and a 500,000-sf sports center are among the accoutrements planned for Lac Mirabel, a 1.9-million-sf retail/entertainment complex expected to produce 30 million visits upon opening in 2009. Gordon Group Holdings of Greenwich, CT and Canadian retail veteran Rubin Stahl say they will break ground on the long-anticipated, $400-million project next month after their partnership secured the Morgan Stanley Real Estate Equity Fund as financial backers.

The proponents have been working nearly five years to overcome cost, permitting and site challenges to advance the super-sized Lac Mirabel, which will be built on a 320-acre site alongside Autoroute 15 heading towards the Laurentian resort area. Likened in scope to the Alberta’s West Edmonton Mall–deemed the world’s largest shopping center–and the Mall of America in Minnesota, Lac Mirabel will be anchored by outdoor-gear outfitter Cabela’s in a 170,000-sf expanse.

There will also be a 100,000-sf Montreal Caldea Spa; 60,000-sf electric kart track; and KidTropolis, a 70,000-sf “indoor city” billed as an educational program that also serves to keep the younger set pre-occupied.

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