The ball is rolling on plans to turn Oakridge Mall into Vancouver’s next mixed-use mini-city.
Yesterday (February 19), Vancouver city council voted to send plans for a $1.5 billion development on the Canada Line to public hearings.
The project consists of large commercial spaces, office buildings, a civic centre, underground parking, a rooftop park, and towers more than 45 stories tall housing 2,914 condominiums, including 290 marked as social housing.
It’s proposed by Ivanhoe Cambridge and development partner Westbank Projects Corporation, and planned for a 28-acre site at Cambie Street and 41st Avenue.
Documents outlining project specifics state that developers plan on increasing the site’s density from a floor space ratio of 2 to 3.5. The mixed-use development’s location at the juncture of the Canada Line and the 41st Avenue bus route will help limit automobile congestion in the area, according to the proposal.
Public hearings concerning the application for rezoning will be held during the run up to the November 2014 civil election. Dates for consultation meetings have yet to be scheduled.