OAKRIDGE REDEVELOPMENT MASTERPLAN METRO VANCOUVER CONTEXT
Coquitlam Town Future Growth: Municipal Town Centres Centre
Brentwood Town Centre
Metrotown Surrey City Centre Centre
Oakridge Redevelopment Masterplan 2 OAKRIDGE CONTEXT
Future Growth: Municipal Town Centres Oakridge Centre
3 OAKRIDGE: THE LAST 5O YEARS
Development History Timeline
1960 1984 Today
Oakridge Redevelopment Masterplan 4 OAKRIDGE: TODAY
Why Redevelop Now?
Mode of Transportation to the Mall
70.0% Car Public Transit 60.0% 50.0% 42% 40.0% 30.0% 19% 20.0% 10.0% 0.0% 2009 2010 2011 2012
Canada Line opens in August 2009
Oakridge Redevelopment Masterplan 5 OAKRIDGE: TODAY
Why Redevelop Now?
- Less Tiffany + More Target
Oakridge Redevelopment Masterplan 6 OAKRIDGE: TODAY
Why Redevelop Now?
Oakridge Redevelopment Masterplan 7 PRE-DEVELOPMENT
Oakridge Redevelopment Masterplan 8 REDEVELOPMENT CONCEPT
Retail Redevelopment Existing Future
Oakridge Redevelopment Masterplan 9 REDEVELOPMENT CONCEPT
Retail GLA 500,000 sf to 1.2 million sf
Existing Future Increase
Retail GLA 506,613 1,193,493 686,880
Oakridge Redevelopment Masterplan 10 REDEVELOPMENT CONCEPT
Office GLA 110,000 sf to 390,000 sf
Existing Future Increase
Retail GLA 506,613 1,193,493 686,880
Offie GLA 112,919 385,769 272,850
Oakridge Redevelopment Masterplan 11 REDEVELOPMENT CONCEPT
Amenity GFA 26,000 sf to 45,000 sf
Existing Future Increase
Retail GLA 506,613 1,193,493 686,880
Offie GLA 112,919 385,769 272,850
Amenity GFA 26,028 45,000 18,972
Oakridge Redevelopment Masterplan 12 REDEVELOPMENT CONCEPT
Residential GFA 50,000 sf to 2.7 million sf
Existing Future Increase
Retail GLA 506,613 1,193,493 686,880
Offie GLA 112,919 385,769 272,850
Amenity GFA 26,028 45,000 18,972
Residential GFA 50,400 2,697,700 2,647,300
Oakridge Redevelopment Masterplan 13 AND OF COURSE WE CANT FORGET
Oakridge Redevelopment Masterplan 14 DENSITY AND PARKING
TOTAL GFA 950,000 sf to 4.6 million sf TOTAL Density 0.77 FSR to 3.73 FSR
Commercial GLA Parking Stalls GLA Ratio
Retail (Total Centre) 1,300,000 5,641 4.2
Office2 400,000 595 1.5
Non-Retail Amenities (Civic)2 45,000 103 2.3 Total Parking
Total Commercial 1,580,177 6,339 3.5 3,300 to 6,300 Stalls
Residential Units Parking Stalls Parking Stalls/Unit
Residential 2,080 1,851 0.9
Oakridge Redevelopment Masterplan 15 MAKING IT ALL HAPPEN
Oakridge Redevelopment Masterplan 16 MAKING IT ALL HAPPEN
Oakridge Redevelopment Masterplan 18 PHASING
Maintaining mall operations throughout Ph 1 the redevelopment process.
Ph 3 Ph 2
Maintaining Operations Ph 1
Oakridge Redevelopment Masterplan 28 PHASING & PRELIM SCHEDULE
Phase 1 – Anchors
The Bay • 175,000 sf
Target • 140,000 sf
Safeway • 50,000 sf
2014 2015 2016 2017 2018 2019 2020
Phase 1 Oakridge Phase 1 Redevelopment Masterplan 29 PHASING & PRELIM SCHEDULE
Phase 2 – 2nd Level CRU
• Add 2nd story retail
• Complete indoor circulation paths. Add 2nd Story CRU
2014 2015 2016 2017 2018 2019 2020
Phase 2 Oakridge Redevelopment Masterplan 30 PHASING & PRELIM SCHEDULE
Phase 3 – High Street
• Fill in old Bay Store Old Bay Store • Construct 2 level outdoor mixed- use ‘High Street’. High Street
2014 2015 2016 2017 2018 2019 2020
Phase 3 Oakridge Redevelopment Masterplan 31 PHASING & PRELIM SCHEDULE
Phase 4 – Residential & Rooftop Park
• 11 acre, animated rooftop park with multiple connections to civic centre & public plazas.
• ~13 residential towers of varying heights built on top of completed commercial podiums
2014 2015 2016 2017 2018 2019 2020
Phase 4 Oakridge Redevelopment Masterplan 22 SUSTAINABILITY
Oakridge Redevelopment Masterplan 23 SUSTAINABILITY How Oakridge contributes to Vancouver’s Greenest City 2020 Plan:
Climate Leadership / Green Buildings - Target carbon neutral (geo-exchange) and LEED Platinum ND
Green Transportation – Encourage visitors through biking, walking, Transit (sustainable residential, bike valets, re-route Willow bike path)
Zero Waste - Develop ambitious product reclamation programs with retailers (Target has a goal of diverting 50%+ waste from landfill, ENVAC system).
Access to Nature - Substantial landscape and rooftop park.
Clean Water - Target min. reducing interior water consumption by 30%.
Local Food – Extensive Community gardens on roof. Oakridge Redevelopment Masterplan 24 LESSONS LEARNED
Oakridge Redevelopment Masterplan 25