1125:
37:
49:
61:
1275:
1287:
207:
line known as the
Jubilee Line Extension was delayed in construction awaiting the contributions from Olympia & York (with the line eventually opening in the year 2000). The office space at Canary Wharf remained largely empty, and Olympia & York began to run out of cash. At the same time, New
167:
In the 1980s, Olympia & York grew to be the largest property development firm in the world. In the early 1980s the New York City real estate market was severely depressed, and the
Reichmanns bought a group of nine skyscrapers for the low price of $ 300 million. In only a few years the group rose
276:
In March 1992, Paul
Reichmann was forced to resign as president. In May, the company filed for bankruptcy and it owed over 20 billion dollars to various banks and investors. The company was finally dismembered in February 1993, and the Reichmanns were left with only a small rump known as Olympia
277:& York Properties Corporation. The new company has again grown into a multibillion-dollar firm, including retaining a large stake of the now prosperous Canary Wharf project. However, they no longer have large holdings in New York City. Many of the NYC properties are now under
195:, Britain's tallest skyscraper at the time. The project ran into problems, however. Britain entered a recession, British firms were unwilling to relocate from the traditional financial centre within the
1328:
427:
and O&Y REIT returned to the real estate market in Canada, owning 18 properties in six
Canadian cities. In 2005 the family sold these two real estate arms to revive
780:
248:, a deal that attracted much controversy because it earned the company multimillion-dollar tax breaks. Following a highly publicized legal battle with Britain's
233:
and for all Jewish holidays. Even while the success of O&Y made them one of the world's richest families, they continued to live relatively austere lives.
237:
641:
611:
1338:
1333:
584:
187:
In 1980, they had also acquired
English Property Corp, one of the largest British developers. That led the company to undertake development of the
1343:
807:
455:
497:
1318:
1161:
191:
site in the east of London. The 83-acre (336,000 m) site would become the largest development project in the world, which would incorporate
132:. It first built and operated warehouses and other commercial buildings in Toronto. Its first major project was the development of the vast
474:
752:
177:
212:, began to feel cash flow problems which deeply affected the pyramid-like financing strategy that the Reichmann brothers had adopted.
718:
208:
York City and its real estate market began a deep recession, and
Olympia & York, which was now the largest property holder in
1323:
299:
181:
92:
689:
824:
172:. The company won the rights to the largest development project in the city when they were awarded the contract to develop the
1079:
257:
159:
put a halt to major development projects. After three years of lobbying, the project finally went ahead, to great success.
151:(the geographic heart of Canada's financial district). The Reichmans won the contract to build Canada's tallest building,
143:
The company then took a major gamble, winning the fierce bidding war for the final undeveloped property at the corner of
1191:
129:
1233:
1186:
558:
447:
800:
1124:
1313:
1166:
887:
535:
323:
663:
1151:
649:
371:
1290:
1255:
1171:
1100:
983:
169:
1023:
1015:
615:
1223:
1181:
1279:
1249:
1055:
1031:
793:
428:
278:
144:
36:
314:
1205:
991:
927:
855:
530:
405:
305:
241:
152:
148:
96:
1176:
1047:
1039:
895:
1228:
1146:
1110:
1007:
959:
903:
694:
589:
204:
48:
756:
60:
1243:
1156:
847:
839:
726:
200:
192:
173:
1260:
1105:
1074:
975:
863:
401:
356:
121:
386:
Glen Valley, Toronto (including 715 Don Mills Road, 725 Don Mills Road, 735 Don Mills Road)
967:
951:
943:
879:
423:
Following the collapse of
Olympia and York, the Reichmanns began to rebuild their empire.
395:
380:
133:
103:
in the early 1990s and was recreated to eventually become
Olympia & York Properties.
168:
in value to $ 3.5 billion. The company became centred on New York, opening an office on
999:
935:
919:
911:
871:
389:
332:
196:
137:
117:
753:"Brookfield Consortium acquires O&Y Properties and O&Y REIT for $ 2.1 billion"
1307:
261:
249:
216:
156:
816:
293:
253:
188:
88:
17:
338:
265:
245:
236:
The company diversified through the 1980s. The firm acquired a 50.1% control of
383:
Condominiums, Toronto (5 Vicora
Linkway, 15 Vicora Linkway, 60 Pavane Linkway.)
1084:
411:
100:
730:
392:, Ottawa (including Phase III Place de Ville Tower E, Place de Ville Tower D)
87:, Ontario, Canada. The firm built major financial office complexes including
209:
419:
O&Y Properties
Corporation and O&Y Real Estate Investment Trust
268:, in 1987 Olympia & York became Allied Lyons' largest shareholder.
240:
in 1980. In 1981, the company acquired an 82% controlling interest in
230:
125:
84:
289:
A list of notable O&Y current and previous ownership properties:
223:
155:
in 1971. The project almost collapsed, however, when reformist mayor
498:"Paul Reichmann, Olympia & York Family's 'Idea Man,' Dies at 83"
59:
47:
35:
789:
785:
83:) was a major international property development firm based in
226:
64:
Canary Wharf, seen from a high-level walkway on Tower Bridge
719:"Olympia & York in Accord On 3 Manhattan Buildings"
308:, Toronto – including Exchange Tower, First Bank Tower.
612:"Gulf Canada Resources Limited – Canadian Enterprises"
448:"O&Y; Properties, O&Y; REIT put on the block"
215:
As well, they held a significant shareholding in the
1216:
1200:
1139:
1132:
1093:
1067:
832:
823:
690:"From Olympia & York Bankruptcy, a New Company"
1329:Companies that have filed for bankruptcy in Canada
585:"Abitibiwebice Announces a Sale to Alco Standard"
229:, and shut down their construction sites for the
475:"History of Olympia & York Developments Ltd"
347:University of Lethbridge Building, Lethbridge AB
222:Both Reichmann brothers were strongly religious
801:
8:
184:and was another great success for the firm.
128:in the early 1950s as an outgrowth of their
1136:
829:
808:
794:
786:
642:"Macklowe's bust one of many over decades"
425:Olympia & York Properties Corporation
353:150 Ferrand Drive Ferrand Towers, Toronto
252:for control of Canadian-based distillers
557:Farnsworth, Clyde H. (April 22, 1992).
439:
635:
633:
614:. Canadianheritage.ca. Archived from
583:Farnsworth, Clyde H. (May 20, 1992).
496:Arnold, Laurence (October 25, 2013).
7:
1286:
524:
522:
520:
518:
469:
467:
465:
458:from the original on April 18, 2008.
344:Blanchard Plaza, Seattle, Washington
199:, and despite a personal promise by
717:Gilpin, Kenneth N. (July 1, 1994).
688:Holusha, John (December 15, 1996).
559:"Olympia Gets Short-Term Bank Loan"
320:Oakwood Apartments, Portland Oregon
668:www.brookfieldofficeproperties.com
529:Niosi, Jorge (December 16, 2013).
25:
751:Fasken Martineau (October 2005).
365:40 St. Clair Avenue West, Toronto
130:Olympia Flooring and Tile Company
27:Defunct property development firm
1285:
1274:
1273:
1162:Canary Wharf – Rotherhithe Ferry
1123:
368:2 St. Clair Avenue West, Toronto
359:(Toronto Star Building), Toronto
1339:Brookfield Properties buildings
1334:Real estate companies of Canada
1206:Rotherhithe-Canary Wharf Bridge
311:Maritime Life Building, Toronto
258:Gooderham and Worts Distillery
31:
1:
1344:Defunct real estate companies
40:First Canadian Place, Toronto
1319:Defunct companies of Ontario
1192:Canary Wharf railway station
755:. Fasken.com. Archived from
260:, the makers of the popular
1234:Canary Wharf Squash Classic
1187:West India Quay DLR station
244:In 1985 the company bought
116:The company was founded by
1360:
640:Ackman, Dan (April 2008).
180:. This project became the
1269:
1167:Canary Wharf tube station
1121:
888:Citigroup Centre (London)
536:The Canadian Encyclopedia
329:425 Lexington Avenue, NYC
176:neighborhood next to the
52:One Canada Square, London
1152:Canary Wharf DLR station
324:Commerce Place, Edmonton
1324:Jewish Canadian history
1256:London Museum Docklands
1172:Heron Quays DLR station
664:"Brookfield Properties"
1224:1996 Docklands bombing
1182:South Quay DLR station
315:Rogers-AT&T Centre
302:, NYC (entire complex)
300:World Financial Center
182:World Financial Center
95:in New York City, and
93:World Financial Center
65:
53:
41:
1024:20 Columbus Courtyard
1016:17 Columbus Courtyard
759:on September 24, 2015
652:on September 8, 2008.
477:. Fundinguniverse.com
429:Brookfield Properties
372:Queen's Quay Terminal
362:Global House, Toronto
279:Brookfield Properties
63:
51:
39:
928:10 Upper Bank Street
435:References and notes
406:Halifax, Nova Scotia
377:237 Park Avenue, NYC
350:York Centre, Toronto
306:First Canadian Place
153:First Canadian Place
99:in Toronto. It went
97:First Canadian Place
1177:London City Airport
1048:15 Westferry Circus
1040:11 Westferry Circus
896:One Churchill Place
618:on November 2, 2013
431:for $ 2.1 billion.
408:(50 per cent stake)
335:, Chicago, Illinois
1229:Canary Wharf Group
1068:Under construction
1056:7 Westferry Circus
1032:1 Westferry Circus
1008:30 South Colonnade
960:25 North Colonnade
904:25 Churchill Place
723:The New York Times
695:The New York Times
590:The New York Times
563:The New York Times
531:"Reichmann Family"
242:Abitibi-Price Inc.
205:London Underground
178:World Trade Center
120:and his brothers,
73:Olympia & York
66:
54:
42:
18:Olympia & York
1301:
1300:
1244:Michael von Clemm
1212:
1211:
1157:Canary Wharf Pier
1119:
1118:
1060:
1052:
1044:
1036:
1028:
1020:
1012:
1004:
996:
988:
980:
972:
964:
956:
948:
940:
932:
924:
916:
908:
900:
892:
884:
876:
868:
860:
852:
848:Landmark Pinnacle
844:
840:One Canada Square
341:, Portland Oregon
201:Margaret Thatcher
193:One Canada Square
174:Battery Park City
79:, abbreviated as
75:(also spelled as
70:
69:
16:(Redirected from
1351:
1314:Reichmann family
1289:
1288:
1277:
1276:
1261:Westferry Circus
1239:Olympia and York
1137:
1127:
1106:Heron Quays West
1075:Harcourt Gardens
1058:
1050:
1042:
1034:
1026:
1018:
1010:
1002:
994:
986:
978:
976:20 Canada Square
970:
962:
954:
946:
938:
930:
922:
914:
906:
898:
890:
882:
874:
866:
858:
850:
842:
830:
810:
803:
796:
787:
769:
768:
766:
764:
748:
742:
741:
739:
737:
714:
708:
707:
705:
703:
685:
679:
678:
676:
674:
660:
654:
653:
648:. Archived from
637:
628:
627:
625:
623:
608:
602:
601:
599:
597:
580:
574:
573:
571:
569:
554:
548:
547:
545:
543:
526:
513:
512:
510:
508:
493:
487:
486:
484:
482:
471:
460:
459:
444:
357:One Yonge Street
250:Allied Lyons PLC
77:Olympia and York
32:
21:
1359:
1358:
1354:
1353:
1352:
1350:
1349:
1348:
1304:
1303:
1302:
1297:
1265:
1208:
1196:
1133:Transport links
1128:
1115:
1089:
1080:Riverside South
1063:
992:20 Cabot Square
968:10 Cabot Square
952:25 Cabot Square
944:5 Canada Square
880:8 Canada Square
819:
814:
777:
772:
762:
760:
750:
749:
745:
735:
733:
716:
715:
711:
701:
699:
698:. New York City
687:
686:
682:
672:
670:
662:
661:
657:
639:
638:
631:
621:
619:
610:
609:
605:
595:
593:
582:
581:
577:
567:
565:
556:
555:
551:
541:
539:
528:
527:
516:
506:
504:
495:
494:
490:
480:
478:
473:
472:
463:
446:
445:
441:
437:
421:
396:55 Water Street
381:Flemingdon Park
287:
274:
165:
134:Flemingdon Park
114:
109:
91:in London, the
28:
23:
22:
15:
12:
11:
5:
1357:
1355:
1347:
1346:
1341:
1336:
1331:
1326:
1321:
1316:
1306:
1305:
1299:
1298:
1296:
1295:
1283:
1270:
1267:
1266:
1264:
1263:
1258:
1253:
1246:
1241:
1236:
1231:
1226:
1220:
1218:
1214:
1213:
1210:
1209:
1204:
1202:
1198:
1197:
1195:
1194:
1189:
1184:
1179:
1174:
1169:
1164:
1159:
1154:
1149:
1143:
1141:
1134:
1130:
1129:
1122:
1120:
1117:
1116:
1114:
1113:
1108:
1103:
1101:Columbus Tower
1097:
1095:
1091:
1090:
1088:
1087:
1082:
1077:
1071:
1069:
1065:
1064:
1062:
1061:
1059:(43.6 m, 1992)
1053:
1051:(44.5 m, 2001)
1045:
1037:
1029:
1021:
1013:
1005:
1000:50 Bank Street
997:
989:
984:20 Bank Street
981:
973:
965:
957:
949:
941:
936:1 Cabot Square
933:
925:
920:40 Bank Street
917:
912:25 Bank Street
909:
901:
893:
885:
877:
872:One Park Drive
869:
861:
853:
845:
836:
834:
827:
821:
820:
815:
813:
812:
805:
798:
790:
784:
783:
776:
775:External links
773:
771:
770:
743:
709:
680:
655:
629:
603:
575:
549:
514:
488:
461:
438:
436:
433:
420:
417:
416:
415:
409:
399:
393:
390:Place de Ville
387:
384:
378:
375:
369:
366:
363:
360:
354:
351:
348:
345:
342:
336:
333:Olympia Centre
330:
327:
321:
318:
312:
309:
303:
297:
286:
283:
273:
270:
231:Jewish Sabbath
197:City of London
164:
163:The Golden 80s
161:
138:Don Mills Road
124:and Ralph, in
118:Paul Reichmann
113:
110:
108:
105:
68:
67:
56:
55:
44:
43:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
1356:
1345:
1342:
1340:
1337:
1335:
1332:
1330:
1327:
1325:
1322:
1320:
1317:
1315:
1312:
1311:
1309:
1294:
1293:
1284:
1282:
1281:
1272:
1271:
1268:
1262:
1259:
1257:
1254:
1252:
1251:
1247:
1245:
1242:
1240:
1237:
1235:
1232:
1230:
1227:
1225:
1222:
1221:
1219:
1215:
1207:
1203:
1199:
1193:
1190:
1188:
1185:
1183:
1180:
1178:
1175:
1173:
1170:
1168:
1165:
1163:
1160:
1158:
1155:
1153:
1150:
1148:
1145:
1144:
1142:
1138:
1135:
1131:
1126:
1112:
1109:
1107:
1104:
1102:
1099:
1098:
1096:
1092:
1086:
1083:
1081:
1078:
1076:
1073:
1072:
1070:
1066:
1057:
1054:
1049:
1046:
1041:
1038:
1033:
1030:
1025:
1022:
1017:
1014:
1009:
1006:
1001:
998:
993:
990:
985:
982:
977:
974:
969:
966:
961:
958:
953:
950:
945:
942:
937:
934:
931:(151 m, 2003)
929:
926:
923:(153 m, 2003)
921:
918:
915:(153 m, 2003)
913:
910:
907:(118 m, 2014)
905:
902:
899:(156 m, 2004)
897:
894:
891:(200 m, 2001)
889:
886:
883:(200 m, 2002)
881:
878:
875:(205 m, 2021)
873:
870:
867:(215 m, 2021)
865:
864:Hampton Tower
862:
859:(220 m, 2021)
857:
854:
851:(233 m, 2021)
849:
846:
843:(235 m, 1991)
841:
838:
837:
835:
831:
828:
826:
822:
818:
811:
806:
804:
799:
797:
792:
791:
788:
782:
779:
778:
774:
758:
754:
747:
744:
732:
728:
724:
720:
713:
710:
697:
696:
691:
684:
681:
673:September 21,
669:
665:
659:
656:
651:
647:
646:The Real Deal
643:
636:
634:
630:
617:
613:
607:
604:
592:
591:
586:
579:
576:
564:
560:
553:
550:
538:
537:
532:
525:
523:
521:
519:
515:
507:September 21,
503:
502:Bloomberg.com
499:
492:
489:
476:
470:
468:
466:
462:
457:
453:
449:
443:
440:
434:
432:
430:
426:
418:
413:
410:
407:
403:
402:Purdy's Wharf
400:
397:
394:
391:
388:
385:
382:
379:
376:
373:
370:
367:
364:
361:
358:
355:
352:
349:
346:
343:
340:
337:
334:
331:
328:
325:
322:
319:
316:
313:
310:
307:
304:
301:
298:
295:
292:
291:
290:
284:
282:
280:
271:
269:
267:
263:
262:Canadian Club
259:
255:
251:
247:
243:
239:
234:
232:
228:
225:
220:
218:
217:Royal Trustco
213:
211:
206:
202:
198:
194:
190:
185:
183:
179:
175:
171:
162:
160:
158:
157:David Crombie
154:
150:
146:
141:
139:
135:
131:
127:
123:
119:
111:
106:
104:
102:
98:
94:
90:
86:
82:
78:
74:
62:
58:
57:
50:
46:
45:
38:
34:
33:
30:
19:
1291:
1278:
1248:
1238:
1043:(45 m, 1997)
1035:(45 m, 1992)
1027:(45 m, 1999)
1019:(45 m, 1999)
1011:(62 m, 1991)
1003:(63 m, 2002)
995:(65 m, 1991)
987:(68 m, 2003)
979:(71 m, 2003)
971:(74 m, 1991)
963:(80 m, 1991)
955:(81 m, 1991)
947:(88 m, 2003)
939:(89 m, 1991)
856:Newfoundland
817:Canary Wharf
761:. Retrieved
757:the original
746:
734:. Retrieved
722:
712:
700:. Retrieved
693:
683:
671:. Retrieved
667:
658:
650:the original
645:
620:. Retrieved
616:the original
606:
594:. Retrieved
588:
578:
566:. Retrieved
562:
552:
540:. Retrieved
534:
505:. Retrieved
501:
491:
479:. Retrieved
451:
442:
424:
422:
294:Canary Wharf
288:
275:
254:Hiram Walker
235:
221:
214:
189:Canary Wharf
186:
166:
142:
115:
89:Canary Wharf
80:
76:
72:
71:
29:
702:October 26,
339:KOIN Center
266:rye whiskey
246:Gulf Canada
238:Brinco Ltd.
170:Park Avenue
136:project on
112:Early years
1308:Categories
1111:North Quay
1085:Wood Wharf
452:www.cbc.ca
412:2 Broadway
272:Bankruptcy
149:Bay street
1250:The Wharf
825:Buildings
731:0362-4331
374:, Toronto
317:, Toronto
285:Portfolio
264:brand of
210:Manhattan
1280:Category
1201:Proposed
1147:A13 road
1094:Approved
763:March 3,
736:March 6,
622:March 3,
596:March 3,
568:March 3,
542:March 3,
481:March 3,
456:Archived
296:, London
101:bankrupt
1292:Commons
1140:Current
833:Current
781:O&Y
126:Toronto
107:History
85:Toronto
81:O&Y
729:
224:Haredi
203:, the
122:Albert
1217:Other
414:, NYC
398:, NYC
765:2014
738:2021
727:ISSN
704:2013
675:2016
624:2014
598:2014
570:2014
544:2014
509:2016
483:2014
227:Jews
147:and
145:King
1310::
725:.
721:.
692:.
666:.
644:.
632:^
587:.
561:.
533:.
517:^
500:.
464:^
454:.
450:.
404:,
326:AB
281:.
219:.
140:.
809:e
802:t
795:v
767:.
740:.
706:.
677:.
626:.
600:.
572:.
546:.
511:.
485:.
256:-
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
