399:. Lépine planned to build a $ 2 billion mixed use project consisting of apartments, office and retail space on the site, which received partial pre-approval by the city of Montreal. Ultimately, Lépine bid $ 75 million, but did not buy the property due to weakness in the real estate market at the time.
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main headquarters for Quebec, was classified as a federal historic monument, which Lépine preserved by keeping the original structure and converting it to condominiums as part of the deal. Lépine paid for public utilities on the property, costing $ 2 million. There was public outcry for conservation
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for a total of $ 8 million over multiple phases. He had acquired the property with the intention of developing 1,500 apartments. This was met with resistance from the city of
Montreal, who wanted to convert the entire property into a park. Lépine argued that this would not be in the best interest of
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houses and a low-rise apartment building directly adjacent to two of his other properties. He announced his intention to develop a 67-unit apartment building on the property, originally named Le
Cartier II, later changed to Sir Robert Peel, at a cost of $ 15 million. Lépine was initially refused a
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were ever built in
Montreal, a newly-invented form of ownership that was far more attractive to homebuyers. It was the largest development in Montreal at the time since the Olympic Village. The project was originally estimated to cost $ 125 million, but increased to $ 140 million. The project was
610:. The price paid by Lépine was less than half the property's assessed value of $ 9 million, but in line with reviewed federal estimates. During his first year of ownership, Lépine paid property taxes based on a value of $ 9 million. The main building on the property, which was formerly the
567:. The same year, the federal government offered the city of Montreal the chance to purchase the property for conservation, but Montreal city officials declined the offer in an official July 1997 correspondence. After failing to sell the property to the municipal government, the
321:, who approved the development in the spring of 1981 for 725 apartments, in exchange for Lépine giving the city 20% of the land on his property for public park space at no charge. The project was later approved for over 925 apartments, with added commercial
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in 1989, Lépine's soaring sales were an exception to the lagging real estate market in Quebec during the same period. By 1989, sales at the project had exceeded $ 250 million. Le
Sanctuaire was Lépine's most financially successful and widely considered the
598:. As soon as Lépine closed on the property, some estimated its market value with new residential zoning at $ 20 million. Lépine announced the development of 55 single family homes and 9 condominiums. Lépine's purchase price raised questions as the federal
466:. After a $ 18.5 million renovation, Lépine increased the number of units to 397 apartments and tripled the original rent. The property was widely publicized after all 175 tenants were controversially evacuated in September 1996 by orders of the Ottawa
178:. At the age of 13, he dropped out of school to earn money for his family after his father became ill. He worked at a jewelry factory and also started a flooring business. At the age of 19, he had $ 4,000 in savings, borrowed $ 8,000 from his local
591:, urging him to block Lépine's project. However, the city of Montreal granted his zoning request and overwhelmingly approved Lépine's project, voting 7-2 in favour, in March 1999, shortly before closing on the property.
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in Moscow that was estimated to cost up to $ 700 million. However, Lépine's projects in Russia were never completed due to a variety of operational and political difficulties. Lépine was financially backed by the
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By 1985, Lépine's company Groupe Lépine had over $ 300 million of real estate assets. Lépine had considered venturing into developing office buildings in partnership with a major
Canadian insurance company.
289:. He re-developed the property and converted the rental units to condominiums. The project recorded over $ 9 million in sales in the first year. In 1980, Lépine also purchased The Berkshire at 1775
435:
to build the
Canadian embassy in Moscow. He was an official representative of the Canadian government and gave a personal tour of Montreal to a Russian diplomatic delegation that included
186:. He sold it to someone passing by on the street for $ 17,000. Lépine quickly built two more houses with his profits, and eventually incorporated his own construction company in 1953.
470:
due to multiple building and fire code violations of the previous owner. Lépine gave $ 65,000 to the city of Ottawa to help relocate the displaced tenants to new homes. Ottawa Mayor
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for $ 3.3 million in
February 1999, a value the federal government had reviewed to be fair. Soon after, Lépine reached a tentative agreement to purchase the property from
166:, a working-class neighborhood of Montreal, in a family of 10 children. His father was a hardware store clerk. Lépine started his first business at the age of 10, selling
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real estate developers of his time. His companies developed over $ 5 billion of real estate in Canada and the United States since the 1960s. He also owned a portfolio of
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1900:
134:. Lépine was the chairman of Groupe Lépine, a real estate development and investment firm he founded in 1953. He is widely considered one of the most influential
790:
489:. The project was specifically aimed at catering to diplomatic and corporate housing needs. Before opening, Lépine had signed long-term leases with the
568:
552:
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citizens, as it would cost the city at least $ 10 million, with no long term tax revenues. Lépine eventually struck a deal with
Montreal Mayor
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with his business partner Hervé Pomerleau. He was also planning a development called Canada Place, a 1,200-unit apartment project inspired by
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In 1978, Lépine made his first real estate investment in the United States with the purchase of Drake Tower, a 143-unit apartment building in
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for $ 6 million. Both buildings had high vacancies and were renovated extensively. In 1971, Lépine and
Webster wanted to purchase the
376:
demolition permit, but was granted one after winning an appeal in court in May 1987, reversing the initial decision. The move by the
402:
In 1991, Lépine announced the development of
Alexander Pushkin Tower, a $ 70 million mixed use office and apartment project in
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and retail properties in Montreal and Ottawa. Lépine developed many buildings considered landmarks in Montreal, including the
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He was the chairman of real estate for MD Financial and bought over $ 1 billion worth of properties for the MD Realty Fund.
520:. Lépine demolished Drummond Court in the summer of 2000. The project was part of a deal with the city of Montreal and the
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at 1200 De Maisonneuve Boulevard Ouest for $ 80 million. The buildings changed names after Lépine sold the property to
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of his career. It was widely reported that Lépine was intending to retire after developing this project, but did not.
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for retail. The parcel of land measured nearly 1.1 million square feet. The project also directly created 2,000 jobs.
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505:, who signed a 66-year leasehold with Lépine. He also developed Robson Court, a 56-unit condominium project in the
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Hadekel, Peter (1992-09-22). "From sweaters to satellites, Montreal companies are anxious to supply Russians".
536:, adjacent to Lépine's new project. Lépine announced he would develop twin, 340-unit apartment buildings named
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By 1974, Lépine owned or controlled over 1,000 rental apartments in Montreal through various partnerships.
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Peritz, Ingrid (1985-12-10). "Montreal may alter appeal procedure for demolition permits, Lamarre says".
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In April 1999, Lépine acquired the property for $ 4 million, which was the highest offer obtained by the
501:
for their contract employees. The project cost $ 10 million. The property was built on land owned by the
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to grant a demolition permit on three historic buildings to Lépine was highly controversial and angered
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432:
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Rogers, Dave (1997-06-13). "Former low-rent apartment building gets $ 10-million upscale makeover".
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Schnurmacher, Thomas (1989-03-24). "Pringle jets south as Desmarais gives bash for Duke, Duchess".
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396:
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attended the official reopening of the building, renamed Horizon Tower, with Lépine in June 1997.
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to revamp the area, which had fallen into disrepair. The project was supported by Montreal Mayor
498:
455:
1464:
Stern, Leonard (1998-09-08). "Rideau-Chaptel Towers: Legal fight brewing over mass evacuation".
615:
and calls to preserve 215 trees. Over 19 trees were cut down, including one over 100 years old.
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In 1998, Lépine developed Sussex House, a 85-unit apartment building at 22 Murray Street in the
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in Montreal for $ 3 million. The same year, they purchased the 181-unit apartment building
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Since his early 70s, Lépine spent his time between work in Montreal and his other home in
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305:. By 1985, Groupe Lépine's Florida division had reached US$ 20 million per year in sales.
175:
135:
1349:"Le maire Youri Louzhkov presse les Québécois de contribuer à la modernisation de Moscou"
281:. In 1980, Lépine purchased a 127-unit apartment building known as The Patrician at 2168
269:. Throughout the 1980s, Lépine developed multiple apartment and commercial buildings in
1222:
Drummond, Derek (1989-09-30). "Condo tower is more about marketing than architecture".
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407:
403:
336:, the biggest project of his career. The project was pioneering and was the first time
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222:, adjacent to Le Cartier, and were planning a $ 7 million office building development.
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528:, who alleviated hurdles throughout the development process. As part of the deal, the
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was also personally involved in the planning of the project. Lépine was asked by the
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458:, 208-unit apartment building known as Rideau-Chapel Towers at 160 Chapel Street in
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In 1979, Lépine acquired a large parcel of land on Deom Avenue on the border of the
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at 10 cents a bag that he would pick up off the ground outside a timber factory in
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754:
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Scott, Marian (1987-09-21). "MCM slow to protect old buildings: heritage group".
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Hardwell, William (1974-11-23). "Ottawa's helpful housing proposals questioned".
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In 1999, Lépine purchased Drummond Court, a vacant building in poor condition on
560:
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352:
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In 1974, he, Joseph Zappia, Gerald Robinson and Andrew Gaty, were appointed by
1449:
Buchanan, Carrie (1998-09-08). "Owner, officials trade blame for evacuation".
791:"'J'ai cru, je vois': The wonderful life of Françoise Nelida Larivière-Lépine"
298:
17:
1327:
Heinrich, Jeff (1991-10-16). "Montreal developer Lépine to build in Moscow".
1207:
Wood, Nancy (1985-05-09). "Tenants file protest in demolition of buildings".
818:"LE SANCTUAIRE DU MONT-ROYAL : THE BIRTH OF THE CONDOMINIUM IN MONTREAL"
1840:"Prominent real-estate developer René Lépine has died after lengthy illness"
906:
Maskoulis, Julia (1981-11-28). "Builder aims to keep empire in the family".
309:
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124:
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Gyulai, Linda (1999-08-03). "Building with a hole in it will be - a hole".
858:
Halter, Fran (1985-12-26). "Developer has big plans for Montreal in 1986".
391:
In 1989, Lépine was the lead contender in a $ 100 million deal to purchase
1628:
Swoger, Kate (1999-02-27). "Panel delays decision on Mount Royal condos".
1242:"Blue Bonnets: Montréal veut que l'habitation ait une place prépondérante"
72:
53:
1713:
Curran, Peggy (1999-03-03). "Can a plaque make up for a ravaged site?".
332:, a five building, 925-unit condominium, retail and athletic complex in
630:
Lépine died at his home on April 18, 2012, after a lengthy battle with
451:
424:
1650:
Gyulai, Linda (1999-02-24). "Development hearing produces surprises".
1504:
Goff, Kristin (1998-10-08). "Developer target 'upscale transients'".
494:
322:
1542:
Gyulai, Linda (2002-02-09). "Demolition of YMCA angers activists".
1118:
Auf DerMaur, Nick (1980-03-03). "Housing project dwarfs Rockhill".
450:
In September 1996, Lépine made his first real estate investment in
1767:
Bronson, Susan (1999-04-24). "Condo opponents continue fighting".
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Wood, Nancy (1985-09-05). "Developer gets OK to raze greystones".
724:
Mediterranea Marks 50% Pre-Sales, Pours Concrete on First Building
182:
and built his first real estate project, a single family house in
1484:
Dow, Carl (1999-08-07). "Sussex House in the heart of the city".
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financed by the Mercantile Bank of Canada, which was acquired by
1305:
Schnurmacher, Thomas (1993-04-05). "Mood fit for the occasion".
529:
521:
517:
1808:
Jelowicki, Amanda (2000-08-29). "Condos: more trees get chop".
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neighborhood of Ottawa, across the street from the newly-built
246:
Since the 1960s, he built more than 1,500 houses in Montreal's
198:
purchased the 140-unit apartment building Tour Horizon at 1212
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Bohuslawky, Maria (1996-09-07). "Tenants leave unsafe tower".
532:
agreed to invest $ 20 million to renovate and relocate to the
290:
282:
1414:
Brady, Sheila (1998-10-03). "Introducing the Lépine Family".
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McGovern, Sheila (1989-02-12). "Le Sanctuaire: Tower power".
960:"Montreal home seekers 'felt pressure' to buy from developer"
1040:"Location, Amenities, Price, Key to Conversion's Success".
606:, a liberal, while Lépine had been a longtime donor to the
1268:""La vente de Blue Bonnets sort la BN du dossier Campeau""
774:
Maguire Gillies, Craille (2007-01-11). "Comfort and Joy".
745:. Sothebysrealty.ca (2011-12-15). Retrieved on 2012-01-15.
150:. Lépine is also credited with having developed the first
1522:
Lamey, Mary (2001-07-04). "1,250 downtown rental units".
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In late November 1981, Lépine started the development of
447:
during their respective delegation visits to Montreal.
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Gyulai, Linda (2000-03-03). "Condo project moves on".
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sent a petition with 160 signatures to Montreal Mayor
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Brownstein, Bill (2000-07-20). "Site for sore eyes".
986:"Conversion Records $ 1 Million in September Sales".
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and tenants who had secured office leases, including
345:
during the development in 1986. As was noted by the
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1085:"Côte-des-Neiges project 'may be trimmed down'".
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1680:"Developer got prime federal land at half value"
544:during the final phase of construction in 2005.
92:Françoise Larrivière-Lépine (m. 1950; div. 1990)
1610:. Montreal, Quebec. 22 October 2005. p. 2.
123:(born October 23, 1929 – April 18, 2012) was a
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1602:"Tour d'horizon des chantier de construction"
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363:In 1985, Lépine acquired a property at 3440
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262:units across Canada and the United States.
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1784:"Accusations foretold sponsorship fiasco"
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1240:Bonhomme, Jean-Pierre (7 December 1989).
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764:. Groupe Lepine. Retrieved on 2012-01-15.
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194:In 1969, Lépine and his business partner
1823:"Developer fells more protected trees".
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1004:"Berkshire 85% sold in under 8 months".
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1368:"Montreal firm gets Moscow contracts".
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569:Canadian Department of National Defence
553:Canadian Department of National Defence
509:neighborhood of Ottawa, the same year.
421:Caisse de dépôts et placement du Québec
371:that included three historic Victorian
1891:Canadian businesspeople in real estate
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1347:Bonhomme, Jean-Pierre (3 March 1993).
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1901:Deaths from prostate cancer in Canada
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1266:Cloutier, Laurier (16 October 1990).
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1100:"Boutiquees added to condo project".
388:. The project was completed in 1990.
7:
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555:to acquire a property they owned on
1022:"Patrician Offers 12.75 Mortgage".
702:"Montreal Real Estate Pushes Ahead"
1838:Lampert, Allison (18 April 2012).
602:reported to Public Works Minister
25:
314:St. Patrick's Society of Montreal
27:Canadian businessman (1929–2012)
1678:Marsden, William (2002-01-15).
1370:Montreal Gazette/Canadian Press
958:Lampert, Allison (2011-06-21).
676:Lampert, Allison (2011-03-04).
789:Thorne, Stephen (2019-07-20).
312:neighborhood of Montreal from
258:areas, as well as over 10,000
162:Lépine was born and raised in
1:
1737:"Housing deal gets delayed".
700:Townsend, Dorn (2010-06-11).
1896:Deaths from cancer in Quebec
1886:Businesspeople from Montreal
928:"New office tower planned".
678:"A legacy of luxury housing"
395:, a 146 acre property, from
503:National Capital Commission
412:Le Sanctuaire du Mont-Royal
330:Le Sanctuaire du Mont-Royal
148:Le Sanctuaire du Mont-Royal
1917:
367:in downtown Montreal from
1782:Riga, Andy (2005-04-30).
1686:. Canwest. Archived from
776:Canadian House & Home
84:Founder of Groupe Lépine
547:In 1997, Lépine entered
514:De Maisonneuve Boulevard
439:. Lépine also met with
267:Fort Lauderdale, Florida
158:Early life and education
608:Liberal Party of Canada
343:National Bank of Canada
551:negotiations with the
491:US Department of State
419:, as well as from the
212:Montreal Trust Company
736:Manhattan in Montreal
726:. thebambooagency.com
612:Canadian Armed Forces
571:sold the property to
516:in Montreal from the
483:United States Embassy
295:Delray Beach, Florida
291:South Ocean Boulevard
283:South Ocean Boulevard
210:in Montreal from the
154:in Montreal in 1981.
128:real estate developer
104:Rene H. Lépine, Jr.
94:Josée Lacoste-Lépine
1006:Fort Lauderdale News
577:Canada Lands Company
573:Canada Lands Company
433:Government of Canada
417:Government of Canada
238:1976 Summer Olympics
1024:The Palm Beach Post
625:Palm Beach, Florida
462:, on the corner of
397:Campeau Corporation
287:Boca Raton, Florida
1506:The Ottawa Citizen
1486:The Ottawa Citizen
1466:The Ottawa Citizen
1451:The Ottawa Citizen
1436:The Ottawa Citizen
1416:The Ottawa Citizen
1394:The Ottawa Citizen
760:2011-12-23 at the
741:2010-11-23 at the
706:The New York Times
499:Newbridge Networks
930:The Montreal Star
600:crown corporation
581:Heritage Montreal
565:Westmount, Quebec
559:, on the side of
472:Jacquelin Holzman
454:. He purchased a
441:Mikhail Gorbachev
382:Heritage Montreal
369:McGill University
334:Outremont, Quebec
303:Palm Beach County
279:Palm Beach County
220:Van Horne Mansion
208:Sherbrooke Street
118:
117:
56:, Quebec, Canada
16:(Redirected from
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204:Le Cartier Tower
112:Francesca Lépine
110:Francis Lépine
106:Normand Lépine
75:, Quebec, Canada
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585:Phyllis Lambert
534:Norris Building
460:Ottawa, Ontario
427:. Moscow mayor
386:Phyllis Lambert
234:Olympic Village
192:
170:for fireplaces
160:
144:Olympic Village
136:French Canadian
114:Charles Lépine
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589:Pierre Bourque
557:Atwater Avenue
526:Pierre Bourque
408:Moscow, Russia
404:Pushkin Square
275:Broward County
256:Côte Saint-Luc
191:
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184:Côte Saint-Luc
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132:philanthropist
121:René G. Lépine
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108:Louis Lépine
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1104:. 1987-06-25.
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1026:. 1981-03-06.
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1007:
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518:Montreal YMCA
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445:Boris Yeltsin
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1792:. Retrieved
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1688:the original
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1357:. p. 4.
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1276:. p. 3.
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826:. Retrieved
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563:adjacent to
546:
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507:Kanata Lakes
487:Sussex Drive
476:
468:fire marshal
449:
437:Yury Luzhkov
429:Yury Luzhkov
401:
393:Blue Bonnets
390:
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338:condominiums
327:
319:Jean Drapeau
307:
297:, the first
273:, namely in
264:
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230:Jean Drapeau
227:
224:
216:receivership
193:
180:credit union
172:door-to-door
161:
152:condominiums
120:
119:
67:(2012-04-18)
1881:2012 deaths
1876:1929 births
561:Mount Royal
542:El-Ad Group
365:Peel Street
353:magnum opus
260:condominium
200:Pine Avenue
164:Ville-Émard
140:multifamily
34:René Lépine
1870:Categories
1794:2009-02-09
1694:2009-02-09
638:References
456:low income
299:time share
81:Occupation
46:1929-10-23
1790:. Canwest
1607:La Presse
1354:La Presse
1273:La Presse
1247:La Presse
373:greystone
310:Outremont
252:Westmount
248:Hampstead
168:woodchips
89:Spouse(s)
1854:18 April
828:30 March
758:Archived
739:Archived
583:founder
236:for the
206:at 1115
125:Canadian
99:Children
73:Montreal
54:Montreal
452:Ontario
425:Samsung
214:out of
176:Lachine
495:Nortel
443:, and
323:zoning
190:Career
1856:2012
830:2022
497:and
384:and
347:CMHC
277:and
254:and
146:and
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