Capstone Developments, based in Westmount, Quebec, is actively engaged in projects that reflect its ethos of collaboration, excellence, and a commitment to enhancing neighborhood integrity at both the municipal and community levels. Founded by Andrew Pascal and Robert Tortorici, the company originated from a partnership during university that blossomed into a successful construction business. “We started by building relationships with a diverse range of clients across residential, commercial, and institutional sectors, which naturally evolved into long-term partnerships,” says Pascal. With the partners’ honed expertise in construction, entrepreneurial drive, and project management skills, building a real estate company was a tremendous success. Early projects in Montreal’s Notre-Dame-de-Grâce borough showcased the company’s ability to transform spaces, laying the groundwork for its growth into a leader in acquisitions and development. CONCEPT TO COMPLETION: REAL ESTATE DONE RIGHT Capstone handles each stage of the development arch, in house. From identifying off-market opportunities to managing the construction and lifecycle of a property. “Our strategic process enables us to acquire 2
properties under short delays,” says Pascal. “We align project goals with urban planning objectives and maintain transparency at every stage.” Capstone’s expertise in underwriting, value engineering, and property management ensures each project is executed with precision. “Using robust tools like Gantt charts, we deliver accountability and clarity, ensuring every stakeholder is aligned,” Pascal adds. A COLLABORATIVE SIGNATURE Capstone’s projects are defined by a collaborative approach from the first step. “We engage with community stakeholders and municipal authorities to ensure alignment and (L-R) Andrew Pascal, Partner & Jennifer Orleans, Project Manager & Robert Tortorici, Partner 3
that our developments meet local needs,” says Pascal. This approach is currently exemplified in Capstone Developments active projects across the boroughs, including multiple boutique multi-family redevelopments and its renowned Grâce Luxury Rentals, all designed to address community priorities while adapting to shifting market conditions. “Resilience and adaptability are hallmarks of our work,” says Pascal, citing the pandemic as a period that tested and strengthened Capstone’s operational discipline. FOSTERING STRONG TENANT RELATIONSHIPS What sets Capstone apart is its tenant-focused philosophy. “We manage our projects directly, ensuring a hands-on approach to tenant care,” 4
says Pascal. By prioritizing a customer serviceoriented approach and a quick follow up time and responsiveness, Capstone builds trust with residents, creating spaces where people feel valued. “Every tenant relationship is an opportunity to reinforce our reputation as a leader in the industry,” Tortorici adds. Capstone has been instrumental in revitalizing areas known for its industrial heritage, transforming these commercial and industrial properties into vibrant residential and mixeduse developments. The firm has successfully balanced contemporary urban design with respect for the neighborhoods’ cultural and historical fabric, ensuring that projects align with the needs and aspirations of local stakeholders. Capstone Development’s approach emphasizes executing sophisticated projects that seamlessly integrate into their surroundings, prioritizing sustainability, urban harmony, and thoughtful design to enhance the communities they serve. Furthermore, the company has established itself as a transformative force in Montreal’s urban landscape, with a focus on communityconscious redevelopment. The company’s projects span Pointe-Saint-Charles, Verdun, Lachine, LaSalle, and Downtown Montreal, each showcasing a commitment to enhancing neighborhood integrity while delivering modern, high-quality spaces. 5
Through its work in these neighborhoods, Capstone has demonstrated an enduring commitment to not only creating exceptional developments but also fostering thriving, resilient communities that contribute to Montreal’s dynamic identity. RESILIENCE AND INNOVATION Capstone Developments is actively engaged in reflect its ethos of collaboration, excellence, and a commitment to enhancing neighborhood integrity at both the municipal and community levels. The transformative redevelopment projects in Notre-Dame-de-Grâce marked an early success, showcasing the company’s ability to align with stakeholder interests and promote sustainable urban growth. “The Notre-DameDe-Grâce redevelopment projects and Grâce Luxury Rentals exemplify these qualities, from addressing community needs to navigating complex market conditions,” says Pascal. These initiatives underscore Capstone’s adaptability, transparency, and dedication to delivering developments that not only enhance the urban fabric but also pay it forward by creating lasting value for residents and stakeholders alike. BUILDING TOGETHER: THE VITAL ROLE OF PEOPLE IN PROJECTS SUCCESS Capstone’s success is built on its core team of executives. “Our in-house specialists in accounting, engineering, project management, marketing ensure precision and efficiency 6
across all phases of development,” says Pascal. The leadership of Pascal and Tortorici fosters collaboration and alignment, ensuring consistent delivery of high-quality results. One of the key members of the Capstone team, Jennifer Orleans, has a stewardship to the systems and processes but more importantly, to the culture, which drives Capstone’s success. “Orleans’ critical role in the company ensures that team members are aligned, motivated and invested. The most important element of the project are the people around it,” says Pascal. “Strategic alliances are at the core of our foundation.” “We assemble skilled teams, including urban planners, engineers, architects, and financial consultants, to guarantee excellence in every phase,” says Tortorici. Collaborative efforts with municipal authorities and community members ensure projects align with local needs. “Our focus on trust and mutual respect is the foundation of our success,” Pascal adds. LEVERAGING INNOVATION AND TECHNOLOGY Capstone also continually leverages cuttingedge tools to streamline its operations. “We use tools like MS Project and Smartsheets to log deliverables and assign clear responsibilities from the outset,” says Tortorici. “Weekly management meetings ensure constant refinement of objectives.” Says Pascal, “This structured yet adaptive system allows Capstone to handle projects efficiently and maintain clear communication among team members and stakeholders.” 7
INDUSTRY-LEADING CONSTRUCTION PRACTICES: A CORE PRINCIPLE At the heart of Capstone’s mission is technology, with energy-efficient technologies and leading construction methods integrated into every project. The company actively participates in industry conferences, continuously researching and implementing best practices. “Sustainability is not just a future concern for Capstone; it’s a commitment to addressing today’s challenges responsibly and innovatively,” says Pascal. LOOKING TO THE FUTURE Capstone is focused on addressing Montreal’s rising demand for housing by revitalizing commercial and industrial properties into multifamily developments. “We aim to align with pro-development municipal initiatives to boost housing stock,” says Pascal. Sustainability 8
and community integration will remain central to the company’s projects as it continues to expand its impact. Capstone’s future is focused on expanding its impact in Montreal, a city it deeply understands and admires. “Our goal is to leave a lasting legacy of resilience and innovation,” says Pascal. By acquiring outdated commercial and industrial properties and converting them into multifamily and mixed-use developments, the company is also committed to aligning with pro-development municipal initiatives to boost housing stock. With a focus on sustainable, community-integrated projects, Capstone looks forward to continuing its growth as an industry leader. Please visit www.capdev.ca for more information 9
As seen in BusinessEliteCanada.com www.capdev.ca
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