Vancouver

Oakridge Centre to be Redesigned by New Owners

By
REW.ca
June 20, 2017






Oakridge Main

After changing hands from lvanhoe Cambridge to QuadReal Property Group, Oakridge's new owners have major redesign plans for mixed-use development 

Vancouver's Oakridge Centre is slated to undergo some major redevelopment plans, including residential redevelopment, after changing management officially from longtime proprietors Ivanhoe Cambridge to QuadReal Property Group on June 1. Ivanhoe proposed an initial rezoning plan for the mall in 2007, but came back to Council in 2014 requesting a more dense plan. A second redevelopment was approved by Council in 2014 but since a shallow aquifier was discovered below the mall in 2015, QuadReal plans to begin the process afresh. QuadReal has selected Westbank, a prominent Vancouver developer, as its partner in the Oakridge redevelopment. 

"Along with QuadReal, we have an opportunity to bring to fruition a new standard of urban living about which we have long been passionate - a cultural hub that takes every element of a vibrant multicultural city and shares them with our community and millions of visitors a year," said Ian Gillespie, Founder of Westbank. "We believe the future of Oakridge Centre will be even more dynamic than its past. We have few opportunities in life to create world-class projects - this will be one."

A QuadReal representative told REW.ca, "QuadReal Westbank will move forward on a project that aligns with the rezoning approved in principle by the City of Vancouver in 2014, and delivers to the community all benefits secured as a condition of the rezoning. Benefits include a 3.64-hectare (nine-acre) public park, a 6,503-square-metre (70,000-square-foot) civic centre with a new library, daycare, seniors centre and community centre, and 290 affordable homes to be built and transferred to the City."

Construction was set to begin in 2016 will full completion expected in 2014, but with these new plans, a specific completion date is still not clear. New redevelopment plans will be available to the public for review in the fall. 

Oakridge 2007
Artistic renderings of the cancelled 2007 plan (City of Vancouver)

 

Oakridge 2014 1
Artistic renderings of the cancelled 2014 plan (Westbank Projects Corp/Henriquez Architects)


Oakridge 2014 2
Artistic renderings of the cancelled 2014 plan (Westbank Projects Corp/Henriquez Architects)
 

Oakridge 2014 3
Artistic renderings of the cancelled 2014 plan (Westbank Projects Corp/Henriquez Architects)


Andrea is the Content and Social Media Specialist at REW.ca. Andrea has over five years of multi-industry experience in communications and content marketing. Originally from Toronto, Andrea moved to Vancouver in April 2016 and has been loving the West Coast life ever since.
© Copyright 2017

Comments

REW.ca welcomes your opinions and comments. We do not allow personal attacks, offensive language, unsubstantiated allegations or self-promotional content, including promotional website links. We reserve the right to unpublish comments, to edit them for length, style, legality and taste, and to reproduce them in print or online. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Email to a Friend

Close