Incredible! A monk who gave up his vows and did something else. I believe that Lobsang Dargey did it for other reasons. He introduced and built environmentally friendly places for many people. Although he returned his vows, he still practice and mindful of it. And of all people, he is married to a celebrity's sister? Hhmmm.. His business is blooming and growing.
It might seem a stretch but Lobsang Dargey says his training as a Tibetan monk has helped him be a better real estate developer.
Look at his website http://www.dargeyenterprises.com/index.html
Yes this is most interesting... He did "return his vows" with the blessings of his Guru. What that means to me is that his Guru supports him 100%, meaning what Lobsang Dargey is doing will benefit others. No Guru will let their students sink further into samsara. If they did, they would break their own vows. Hence, I strongly believe, Lobsang Dargey has a larger picture to paint as a "layperson".
After all, he is very successful, seems to be in the right circles, having married tennis icon, Andre Agassi's sister, Tami... who happens to also be a cancer survivor (she was former Executive Director for the Marsha Rivkin Center for Ovarian Cancer Research, till she got married and even had a child)
From Robes to Riches:It might seem a stretch but Lobsang Dargey says his training as a Tibetan monk has helped him be a better real estate developer.
Dargey, who owns Everett-based Dargey Enterprises, grew up in Tibet herding the family’s sheep and goats.
“We were a very poor family. All our water, we had to carry from the stream. We had to cut wood, like the Amish do,” Dargey said.
His parents sent Dargey to a monastery when he was 13. During his teens, Dargey was involved in designing and constructing temples and stupas, which are Buddhist shrines, sparking his interest in real estate development.
Dargey came to the United States in 1997 through a Seattle sponsor, Janis Wignall, who gave him a place to live while he worked to establish himself in his new country.
Dargey spoke no English but set himself a goal: Within five years, he wanted to have a green card and own his own home.
By his second week in Seattle, Dargey was learning how to get around town on the city’s buses and had enrolled in the American School of English in the city’s University District to learn English.
“If you think everything negative it can be really hard. I keep positive,” Dargey said. “I was thinking what happens if I learn English, if I could communicate better.
“If I would think about not having any money, I would be really scared,” he said. “At the end of the day, it’s just healthier.”
Dargey got his first job through a cousin of American School owners David and Melissa Rivkin, who hired him to do some painting. It took him three hours and four different bus transfers to get to the job site in Federal Way, but the job gave him a skill he could market.
Puget Sound Business Journal by Jeanne Lang Jones, Staff WriterA taste of Home?Bellevue resident Lobsang Dargey has Kirkland in a near frenzy.
Dargey, 37, wants to build a place called Potala Village, a four-story project with 143 units and 316 underground parking stalls, along the Kirkland waterfront at 10th Avenue South and Lake Street South.
City files are filled with letters and emails protesting the project. It’s criticized as too big, too dense, not fitting the neighborhood, and likely to cause traffic problems.
Just another developer focused only on himself? It hardly seems so.
It’s almost impossible to overstate how unusual Dargey’s life has been.
He’s from Tibet. He studied to be a monk. He didn’t come to the United States until 1997. He didn’t speak English.
By 2004, he was married. His wife, Tami, is the sister of Andre Agassi, the famous tennis player. His wife is a cancer survivor. They live modestly, in a 1954 rambler on Northeast 28th Place off Bellevue Way. He works modestly, in an office above a food co-op in downtown Everett. where Dargey wants to build. It’s now mostly a dirt lot. The Kirkland Kiwanis used to sell Christmas trees there.
Dargey says the uproar of citizens’ complaints aren’t true.
“We’re building it within code. We’re not asking for a variance,” he said.
The property has been for sale for years, he adds, and many other developers tried to buy it, but none were successful.
Dargey says that the building will be the first on the Eastside to be built to full environmental standards known as LEED, including being completely nonsmoking, and won’t be targeted at low-income occupants, with rents starting at $1,500 a month.
In fact, Dargey says, a Potala Village already exists in Everett, and others are under development in such locations as West Seattle. All of them are named after Potala Palace, the traditional Tibetan home of the Dalai Lama, and symbolizing peace and harmony, Dargey said.
That’s not to say that Dargey operates entirely on a philosophy of altruism, and real-estate offering statements for Potala Village in Kirkland suggest returns of as much as 10 percent.
“Of course,” says Dargey, explaining that he expects to make a profit. “I have investors all over the world.”
However, he added, he now is anticipating the Kirkland project will be financed without investors, at a cost of about $32 million, through straightforward bank loans.
How has Dargey been able to undertake, and complete, such projects as Potala Village in Everett or Kirkland, given that countless other developers have crashed in the economic downturn that began in 2008?
Dargey says that’s because of the values he’s adopted in his life, which include disdaining many of the trappings of wealth, such as big houses and fancy cars.
“We live in one of the best places on earth,” he says of the United States. “We have no appreciation of what we have. Before I think of myself, I think of others first. Why do we need five or six cars to live? We don’t need 6,000 square feet for one person. I do this work because of what I like. I’m not interested in making huge money, I just want people employed.”
As for the objections to the proposal, Dargey says the real concerns are based on fear.
“They don’t like change,” he said. “It’s not just me. Every Eastside developer has been trying to get that property for years now.”
Dargey says he’s planning for a construction start next summer.
- Bellevue Reporter Contributor