Not to sound like a broken record... but things are definitely happening along the Cambie Corridor. The next big thing? The possible redevelopment of Oakridge Centre located at 650 W. 41st Avenue (and Cambie Street) to include 4,360,452 sq. ft. of commercial, office, amenity and residential space. A rezoning application was recently submitted by Ivanhoe Cambridge (owner of Oakridge Centre) and Westbank Development.
If approved, the Oakridge Centre redevelopment plan, designed by Henriquez Partners and Stantec Architectures will add 13 residential buildings, or 2818 units, to the site and a huge common rooftop terrace (Rooftop Commons). These residential towers will range from 6 to 45 storeys and include 164 studios, 980 one bedrooms, 100 one plus dens, 1026 two bedrooms, 188 two bedrooms plus dens, 455 three bedrooms and 37 three bedroom plus dens. The buildings have been categorized into four families - Earthwork Towers, Terracing Streetwalls, Gateway, and Point - and can be seen below.
1. Earthwork Towers (Buildings 5, 7, 12, 13)
2. Terracing Streetwalls (Buildings 1, 2, 3, 4, 9, 10, 11)
3. Gateway (Buildings 1 & 8)
4. Point (Buildings 3, 4A, 4B)
Of the 13 towers, two will be designated to nonmarket housing (pink buildings in the image below) and include family, senior, affordable, shelter aid for elderly renters (SAFER), and rental housing.
In addition to residential towers, office buildings (3), amenity and commercial space, the site will also create a new neighbourhood street linking W. 41st with W. 45th Avenue which will provide access to the residential parking area (1296 residential stalls). Wider sidewalks, a bike lane and no street parking will make this traffic calmed street bicycle and pedestrian friendly.
For the latest documents and information on the Oakridge Centre redvelopment plan, visit the City of Vancouver Rezoning Center. If you have any questions or comments about the Vancouver real estate market, please feel free to contact Jeff Fitzpatrick.