Ivanhoe Cambridge’s massive redevelopment plan for Vancouver’s Oakridge Centre has been approved by city council.
The project will provide more than $228-million in public benefits, including a new community centre, seniors’ centre, public library, 69 new childcare spaces, $8 million for new public art, and a new park.
Upon completion, the project will be home to 424,260 square feet of office space and 1.3 million square feet of retail space.
The $1.5-billion Oakridge redevelopment will also add 2,900 housing units. The project is Ivanhoe’s largest investment in any of its real estate holdings around in the world.
According to the city’s website, it will be another nine to 12 months before construction on the new mall begins. The development is expected to take 10 years to complete.


