Master-Planned Community · Vancouver

Oakridge Park

By Westbank

1 phase/building tracked

3,300+

total homes

28 acres

site size

$6.5 billion

total cost

650,000 sq ft

retail sqft

Phased through 2027

completion

The Vision

Oakridge Park is a 28-acre mixed-use redevelopment at West 41st Avenue and Cambie Street, co-developed by Westbank and QuadReal Property Group. The site transforms the former Oakridge Centre into a transit-oriented city centre combining residential towers, retail, office space, and public amenities. The project carries a total development cost of roughly $6.5 billion and sits directly above the Oakridge-41st Avenue Canada Line station, making it one of the most transit-connected developments in Vancouver. Westbank, founded in 1992, has built over $25 billion in real estate projects across North America, including Shaw Tower, Shangri-La Vancouver, and the Woodward's redevelopment. Oakridge Park's architecture is led by Henriquez Partners, supported by international design collaborators including Piero Lissoni and Clémande Burgevin Blanchman. The City of Vancouver designated Oakridge as a Municipal Town Centre, the first such designation outside of downtown, reflecting the scale and long-term significance of the project.

Community Amenities

●9-acre public park with playgrounds, community garden, and an 800m running loop

●103,000 sq ft civic centre with community centre and library

●Daycare facilities and a 55+ seniors centre

●Performance venues and flexible cultural event spaces

●Over 100 retail brands across a 650,000 sq ft luxury retail district

●Time Out Market food hall and multiple live music venues

●Direct underground access to Oakridge-41st Avenue Canada Line station

●District energy system reducing carbon emissions by over 70%

●Shared EV fleet and bike share program for residents

Phases & Buildings

Completed

Oakridge Park

About Westbank

Westbank is one of North America's leading developers, known for projects that pair architectural ambition with cultural programming. Founder Ian Gillespie has described Oakridge Park as "a place for people to be inspired," reflecting the project's positioning as a cultural and civic hub rather than a conventional residential development. QuadReal Property Group, Westbank's co-developer on the project, manages a global real estate portfolio with $98.5 billion in assets under management.

This is not an offering for sale. Any such offering can only be made with a disclosure statement. Prices and availability subject to change without notice. E.&O.E.