Mayor Gregor Robertson and City Council voted today to approve a new, forward-looking Oakridge Centre project that will support over 5,000 jobs, provide $228 million in new community amenities, and deliver important new family and social housing on Vancouver’s Cambie Corridor.
“The new Oakridge Centre will support thousands of new jobs, build urgently-needed new affordable housing, and offer remarkable community benefits, including new childcare spaces, a new community centre and library, a new seniors’ centre, and significant new park space,” said Mayor Gregor Robertson. “Metro Vancouver’s regional growth strategy identified Oakridge as a regional town centre, and this project helps ensure that Vancouver’s growth is managed in a way that is responsible, transit-oriented, and delivers unprecedented new services to our residents.
“Close to 1.5 million more people are moving to Metro Vancouver by 2040. By focusing new development at a major hub like Oakridge, we can manage future growth while protecting the character of our single-family neighbourhoods. This is a forward-looking project that addresses some of Vancouver’s most urgent needs: more job space, more affordable housing, more child care spaces and better support for seniors.”
The project’s approval follows a week of public hearings and Council’s direction for an enhanced public engagement and consultation process, which included open houses attended by over 2,300 residents, 505 online feedback questionnaires, and over 13,000 visits to consultation kiosks at Oakridge Centre.
The project will provide a total of over $228 million public benefits, ranging from a new community centre, seniors centre, public library to 69 new childcare spaces, $8 million for new public art, and a new park.
57% of the 2,914 new housing units provided will be geared toward families with 2 and 3-bedroom configurations, and the project also provides 290 new units of social housing and 290 new units of rental housing.
The new Oakridge Centre will support over 5000 jobs in Vancouver’s growing economy, marking a significant step toward fulfilling the space needed for an additional 24,000 jobs outside the Downtown/Broadway area by 2031 (as indicated by the Metro Core Jobs and Economy Plan). Upon completion, the project will be home to 424,260 square feet of office space and 1,318,716 square feet of retail space.
“As Mayor, I’m committed to building a city that is more livable and affordable for residents of all backgrounds – and a city that supports a strong, sustainable, and growing economy,” added Mayor Robertson. “This project makes Vancouver’s future even brighter for families, seniors, and a new generation of talented young job-seekers, and I’m very proud to support it and see it moving forward.”
To view the full staff presentation on the new Oakridge Centre project, click here:
To view the detailed staff report, click here: