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We have acquired the Oakridge Transit Centre (OTC), one of the largest undeveloped sites in Vancouver, with plans to turn the 14-acre site into a new 1.5 million square foot, mixed-use community. The upcoming project will follow the master plan that was designed by Vancouver architect, James Cheng, and approved by the City of Vancouver in 2020. This plan includes approximately 17 buildings ranging in size from 4 to 26 storeys and 1,630 homes including strata, market rental, affordable rental and social housing. The development will also deliver a new childcare facility, two-acre public park and improvements to local pedestrian and cycling infrastructure.
Located on 41st Avenue near Oak Street, the community is walking distance to the Oakridge Centre redevelopment, which will bring new energy and life to the area through the addition of thousands of condominiums and rental homes, new workspace and retail, a food hall, and a community centre and park. In addition, OTC is located within walking distance to numerous schools, parks, hospitals, and across the street from the upcoming Jewish Community Centre development which will include a new community centre and park.
The project is multi-phased with a roughly ten-year timeline and is part of a conscious effort by the City of Vancouver to focus redevelopment in the Oakridge neighbourhood.