Ivanhoe Cambridge Inc., which owns the mall, is seeking to redevelop the property. Their plan is to include more retail and offices as well as parks, walking paths, and a broad range of housing.
According to an article in The Vancouver Sun, “a report outlining the plans for the 11-hectare site was presented to city council at the standing committee on planning, transportation and environment Wednesday, along with a staff recommendation that the matter move to the public consultation stage.”
The city council passed the vote unanimously.
This isn’t the first time there has been an attempt to redevelop Oakridge Centre. In 2007, a smaller plan was approved by the city. However, Ivanhoe Cambridge are now looking to do something much bigger than they originally proposed. They have partnered with Westbank to help move the redevelopment forward.
However, the plan may be met with some opposition. Councilor Raymond Louie said that he anticipates some local residents will raise concerns about density.