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Oakridge Redevelopment Masterplan Metro Vancouver Context

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Oakridge Redevelopment Masterplan Metro Vancouver Context 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.
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