388:. 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
329:
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
599:. 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
556:. 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
310:, 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
587:. 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
455:. 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
167:. 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
580:, 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
348:
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.
278:. 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
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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
175:. 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.
459:
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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564:
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
155:, 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
127:
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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1889:
123:. 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
779:
478:. The project was specifically aimed at catering to diplomatic and corporate housing needs. Before opening, Lépine had signed long-term leases with the
557:
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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
254:
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
365:
demolition permit, but was granted one after winning an appeal in court in May 1987, reversing the initial decision. The move by the
391:
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.
509:. 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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494:, 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".
525:, 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
490:
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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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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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
487:
444:
1453:
Stern, Leonard (1998-09-08). "Rideau-Chaptel Towers: Legal fight brewing over mass evacuation".
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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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294:. By 1985, Groupe Lépine's Florida division had reached US$ 20 million per year in sales.
164:
124:
1338:"Le maire Youri Louzhkov presse les Québécois de contribuer à la modernisation de Moscou"
270:. In 1980, Lépine purchased a 127-unit apartment building known as The Patrician at 2168
258:. Throughout the 1980s, Lépine developed multiple apartment and commercial buildings in
1211:
Drummond, Derek (1989-09-30). "Condo tower is more about marketing than architecture".
545:
396:
392:
325:, the biggest project of his career. The project was pioneering and was the first time
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211:, adjacent to Le Cartier, and were planning a $ 7 million office building development.
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517:, 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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447:, 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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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
549:
530:
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In 1974, he, Joseph Zappia, Gerald Robinson and Andrew Gaty, were appointed by
1438:
Buchanan, Carrie (1998-09-08). "Owner, officials trade blame for evacuation".
780:"'J'ai cru, je vois': The wonderful life of Françoise Nelida Larivière-Lépine"
287:
1316:
Heinrich, Jeff (1991-10-16). "Montreal developer Lépine to build in Moscow".
1196:
Wood, Nancy (1985-05-09). "Tenants file protest in demolition of buildings".
807:"LE SANCTUAIRE DU MONT-ROYAL : THE BIRTH OF THE CONDOMINIUM IN MONTREAL"
1829:"Prominent real-estate developer René Lépine has died after lengthy illness"
895:
Maskoulis, Julia (1981-11-28). "Builder aims to keep empire in the family".
298:
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113:
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Gyulai, Linda (1999-08-03). "Building with a hole in it will be - a hole".
847:
Halter, Fran (1985-12-26). "Developer has big plans for Montreal in 1986".
380:
In 1989, Lépine was the lead contender in a $ 100 million deal to purchase
1617:
Swoger, Kate (1999-02-27). "Panel delays decision on Mount Royal condos".
1231:"Blue Bonnets: Montréal veut que l'habitation ait une place prépondérante"
61:
42:
1702:
Curran, Peggy (1999-03-03). "Can a plaque make up for a ravaged site?".
321:, a five building, 925-unit condominium, retail and athletic complex in
619:
Lépine died at his home on April 18, 2012, after a lengthy battle with
440:
413:
1639:
Gyulai, Linda (1999-02-24). "Development hearing produces surprises".
1493:
Goff, Kristin (1998-10-08). "Developer target 'upscale transients'".
483:
311:
1531:
Gyulai, Linda (2002-02-09). "Demolition of YMCA angers activists".
1107:
Auf DerMaur, Nick (1980-03-03). "Housing project dwarfs Rockhill".
439:
In September 1996, Lépine made his first real estate investment in
1756:
Bronson, Susan (1999-04-24). "Condo opponents continue fighting".
1163:
Wood, Nancy (1985-09-05). "Developer gets OK to raze greystones".
713:
Mediterranea Marks 50% Pre-Sales, Pours Concrete on First Building
171:
and built his first real estate project, a single family house in
1473:
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
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Schnurmacher, Thomas (1993-04-05). "Mood fit for the occasion".
518:
510:
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Jelowicki, Amanda (2000-08-29). "Condos: more trees get chop".
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neighborhood of Ottawa, across the street from the newly-built
235:
Since the 1960s, he built more than 1,500 houses in Montreal's
187:
purchased the 140-unit apartment building Tour Horizon at 1212
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Bohuslawky, Maria (1996-09-07). "Tenants leave unsafe tower".
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agreed to invest $ 20 million to renovate and relocate to the
279:
271:
1403:
Brady, Sheila (1998-10-03). "Introducing the Lépine Family".
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McGovern, Sheila (1989-02-12). "Le Sanctuaire: Tower power".
949:"Montreal home seekers 'felt pressure' to buy from developer"
1029:"Location, Amenities, Price, Key to Conversion's Success".
595:, a liberal, while Lépine had been a longtime donor to the
1257:""La vente de Blue Bonnets sort la BN du dossier Campeau""
763:
Maguire Gillies, Craille (2007-01-11). "Comfort and Joy".
734:. Sothebysrealty.ca (2011-12-15). Retrieved on 2012-01-15.
139:. Lépine is also credited with having developed the first
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Lamey, Mary (2001-07-04). "1,250 downtown rental units".
317:
In late November 1981, Lépine started the development of
436:
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".
975:"Conversion Records $ 1 Million in September Sales".
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and tenants who had secured office leases, including
334:
during the development in 1986. As was noted by the
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1074:"Côte-des-Neiges project 'may be trimmed down'".
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1669:"Developer got prime federal land at half value"
533:during the final phase of construction in 2005.
81:Françoise Larrivière-Lépine (m. 1950; div. 1990)
1599:. Montreal, Quebec. 22 October 2005. p. 2.
112:(born October 23, 1929 – April 18, 2012) was a
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1591:"Tour d'horizon des chantier de construction"
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352:In 1985, Lépine acquired a property at 3440
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251:units across Canada and the United States.
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1773:"Accusations foretold sponsorship fiasco"
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1229:Bonhomme, Jean-Pierre (7 December 1989).
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753:. Groupe Lepine. Retrieved on 2012-01-15.
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183:In 1969, Lépine and his business partner
1812:"Developer fells more protected trees".
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993:"Berkshire 85% sold in under 8 months".
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1357:"Montreal firm gets Moscow contracts".
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558:Canadian Department of National Defence
542:Canadian Department of National Defence
498:neighborhood of Ottawa, the same year.
410:Caisse de dépôts et placement du Québec
360:that included three historic Victorian
1880:Canadian businesspeople in real estate
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1336:Bonhomme, Jean-Pierre (3 March 1993).
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1890:Deaths from prostate cancer in Canada
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1255:Cloutier, Laurier (16 October 1990).
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1089:"Boutiquees added to condo project".
377:. The project was completed in 1990.
7:
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544:to acquire a property they owned on
1011:"Patrician Offers 12.75 Mortgage".
691:"Montreal Real Estate Pushes Ahead"
1827:Lampert, Allison (18 April 2012).
591:reported to Public Works Minister
14:
303:St. Patrick's Society of Montreal
16:Canadian businessman (1929–2012)
1667:Marsden, William (2002-01-15).
1359:Montreal Gazette/Canadian Press
947:Lampert, Allison (2011-06-21).
665:Lampert, Allison (2011-03-04).
778:Thorne, Stephen (2019-07-20).
301:neighborhood of Montreal from
247:areas, as well as over 10,000
151:Lépine was born and raised in
1:
1726:"Housing deal gets delayed".
689:Townsend, Dorn (2010-06-11).
1885:Deaths from cancer in Quebec
1875:Businesspeople from Montreal
917:"New office tower planned".
667:"A legacy of luxury housing"
384:, a 146 acre property, from
492:National Capital Commission
401:Le Sanctuaire du Mont-Royal
319:Le Sanctuaire du Mont-Royal
137:Le Sanctuaire du Mont-Royal
1906:
356:in downtown Montreal from
1771:Riga, Andy (2005-04-30).
1675:. Canwest. Archived from
765:Canadian House & Home
73:Founder of Groupe Lépine
536:In 1997, Lépine entered
503:De Maisonneuve Boulevard
428:. Lépine also met with
256:Fort Lauderdale, Florida
147:Early life and education
597:Liberal Party of Canada
332:National Bank of Canada
540:negotiations with the
480:US Department of State
408:, as well as from the
201:Montreal Trust Company
725:Manhattan in Montreal
715:. thebambooagency.com
601:Canadian Armed Forces
560:sold the property to
505:in Montreal from the
472:United States Embassy
284:Delray Beach, Florida
280:South Ocean Boulevard
272:South Ocean Boulevard
199:in Montreal from the
143:in Montreal in 1981.
117:real estate developer
93:Rene H. Lépine, Jr.
83:Josée Lacoste-Lépine
995:Fort Lauderdale News
566:Canada Lands Company
562:Canada Lands Company
422:Government of Canada
406:Government of Canada
227:1976 Summer Olympics
1013:The Palm Beach Post
614:Palm Beach, Florida
451:, on the corner of
386:Campeau Corporation
276:Boca Raton, Florida
1495:The Ottawa Citizen
1475:The Ottawa Citizen
1455:The Ottawa Citizen
1440:The Ottawa Citizen
1425:The Ottawa Citizen
1405:The Ottawa Citizen
1383:The Ottawa Citizen
749:2011-12-23 at the
730:2010-11-23 at the
695:The New York Times
488:Newbridge Networks
919:The Montreal Star
589:crown corporation
570:Heritage Montreal
554:Westmount, Quebec
548:, on the side of
461:Jacquelin Holzman
443:. He purchased a
430:Mikhail Gorbachev
371:Heritage Montreal
358:McGill University
323:Outremont, Quebec
292:Palm Beach County
268:Palm Beach County
209:Van Horne Mansion
197:Sherbrooke Street
107:
106:
45:, Quebec, Canada
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1839:on 23 April 2012
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593:Alfonso Gagliano
193:Le Cartier Tower
101:Francesca Lépine
99:Francis Lépine
95:Normand Lépine
64:, Quebec, Canada
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39:October 23, 1929
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574:Phyllis Lambert
523:Norris Building
449:Ottawa, Ontario
416:. Moscow mayor
375:Phyllis Lambert
223:Olympic Village
181:
159:for fireplaces
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133:Olympic Village
125:French Canadian
103:Charles Lépine
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546:Atwater Avenue
515:Pierre Bourque
397:Moscow, Russia
393:Pushkin Square
264:Broward County
245:Côte Saint-Luc
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173:Côte Saint-Luc
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121:philanthropist
110:René G. Lépine
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97:Louis Lépine
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507:Montreal YMCA
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468:ByWard Market
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434:Boris Yeltsin
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1781:. Retrieved
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1677:the original
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1346:. p. 4.
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815:. Retrieved
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552:adjacent to
535:
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496:Kanata Lakes
476:Sussex Drive
465:
457:fire marshal
438:
426:Yury Luzhkov
418:Yury Luzhkov
390:
382:Blue Bonnets
379:
351:
347:
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327:condominiums
316:
308:Jean Drapeau
296:
286:, the first
262:, namely in
253:
234:
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219:Jean Drapeau
216:
213:
205:receivership
182:
169:credit union
161:door-to-door
150:
141:condominiums
109:
108:
56:(2012-04-18)
1870:2012 deaths
1865:1929 births
550:Mount Royal
531:El-Ad Group
354:Peel Street
342:magnum opus
249:condominium
189:Pine Avenue
153:Ville-Émard
129:multifamily
23:René Lépine
1859:Categories
1783:2009-02-09
1683:2009-02-09
627:References
445:low income
288:time share
70:Occupation
35:1929-10-23
1779:. Canwest
1596:La Presse
1343:La Presse
1262:La Presse
1236:La Presse
362:greystone
299:Outremont
241:Westmount
237:Hampstead
157:woodchips
78:Spouse(s)
1843:18 April
817:30 March
747:Archived
728:Archived
572:founder
225:for the
195:at 1115
114:Canadian
88:Children
62:Montreal
43:Montreal
441:Ontario
414:Samsung
203:out of
165:Lachine
484:Nortel
432:, and
312:zoning
179:Career
1845:2012
819:2022
486:and
373:and
336:CMHC
266:and
243:and
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290:in
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