Oakridge Park | 13 Towers | 154m | 52fl | 5M sqft | U/C - Page 75

bb1510 · #**1481** Posted **Jul 19, 2021, 6:50 AM**

Quote:

Originally Posted by Klazu

Sounds shady as hell and to me those discounts scream desperation. If they could, they would not be giving such discounts and perks.

Then again, most buyers likely have no idea what they are buying, putting down millions based on beautiful renderings.

but basically, the reason why they can get away with prices at 4000, 5000, 6000+ psf is that they're giving an option to the buyers in china to easily avoid the 50k capital outflow easily. I'm sure the buyers to an extent do mind what sort of product they're receiving which on paper looks appealing from the renders, but it's basically an easy option for them to get millions out by sending their trust accounts to in HK and China rather than their designated ones in Canada.

Westbank probably doesn't mind keeping capital overseas as well as they probably want to do more overseas projects as well and most financial institutions will still extend a dollar for dollar line of credit overseas (looking at you hsbc)

also, correction - each of the PH's are in contract for over 17m, not 15m earlier

looking at the price list i got designated for overseas buyers:

2804, 2159 sq ft 6.50m
2903, 1598 sq ft 5.30m
3004, 1368 sq ft 4.84m
3204, 1362 sq ft 4.86m
3303, 1663 sq ft 5.52m
3304, 2159 sq ft 6.75m
3803, 1794 sq ft 6.07m
4003, 1884 sq ft 6.39m
4104, 2159 sq ft 8.80m
4201, 3578 sq ft 17.31m
4202, 3678 sq ft 17.91m

trofirhen · #**1482** Posted **Jul 19, 2021, 9:33 AM**

Quote:

Originally Posted by Klazu

Sounds shady as hell and to me those discounts scream desperation. If they could, they would not be giving such discounts and perks.

Then again, most buyers likely have no idea what they are buying, putting down millions based on beautiful renderings.

Everything you say rings true, and it is shocking, yes.
Worst of all is that the BC government is allowing it and encourageing it, right under people's noses, throwing local purchasors to the wolves.

s211 · #**1483** Posted **Jul 19, 2021, 2:32 PM**

Quote:

Originally Posted by Klazu

Sounds shady as hell

And yet Westbank is regarded as a paragon of Vancouver developers, with special dispensation in political circles. Westbank drapes itself in that special shade of save-the-earth green, planners go org*smic, and they all turn a blind eye toward the madness of it all.

whatnext · #**1484** Posted **Jul 19, 2021, 4:38 PM**

Quote:

Originally Posted by s211

And yet Westbank is regarded as a paragon of Vancouver developers, with special dispensation in political circles. Westbank drapes itself in that special shade of save-the-earth green, planners go org*smic, and they all turn a blind eye toward the madness of it all.

And ain't it grand that the Transit Oriented Development planners pee themselves over will mostly be sold to people who have no use for the transit connections to places of employment.

VancouverOfTheFuture · #**1485** Posted **Jul 19, 2021, 11:53 PM**

as with most things in Vancouver;

it looks good for optics. that's all that really matters here.

jollyburger · #**1486** Posted **Aug 3, 2021, 5:03 AM**

This person has more videos on their channel:

• Video Link

tophat · #**1487** Posted **Aug 3, 2021, 2:41 PM**

I'm impressed at the amount of progress that is being made considering the size the construction site.

VancouverOfTheFuture · #**1488** Posted **Aug 3, 2021, 11:46 PM**

Quote:

Originally Posted by tophat

I'm impressed at the amount of progress that is being made considering the size the construction site.

there is a lot going on. they have what like 7/8 cranes up now i think. its a pretty crazy looking construction site.

maybe this thread should be changed to U/C.

Galaxy · #**1489** Posted **Aug 4, 2021, 2:28 AM**

Lol! Mods are just waiting for all 26 Cranes to be erected on-site to consider this project under construction!

WarrenC12 · #**1490** Posted **Aug 4, 2021, 3:28 PM**

Why am I seeing columns coming out of the dirt so high? Plus that one is a few stories up and still looks like dirt underneath. No foundation layer of concrete? Does this place have a crawlspace?

officedweller · #**1491** Posted **Aug 7, 2021, 2:17 AM**

From Daily Hive dated August 1, 2021.
(Rest of the article shows Phase 6 which was previously posted)

https://dailyhive.com/vancouver/oakridge-centre-rooftop-park-walking-loop-renderings

https://dailyhive.com/vancouver/oakridge-centre-rooftop-park-walking-loop-renderings

officedweller · #**1492** Posted **Aug 17, 2021, 10:29 PM**

From Westbank twitter Aug 16:

https://twitter.com/westbankcorp

From Westbank twitter Aug 11:

https://twitter.com/westbankcorp

Diegotheartist1 · #**1493** Posted **Aug 17, 2021, 10:58 PM**

It's strange they haven't demolished the bones of the galleria yet. Maybe they're keeping the corridor as a reference or something...

jollyburger · #**1494** Posted **Aug 18, 2021, 12:50 AM**

Quote:

Originally Posted by Diegotheartist1

It's strange they haven't demolished the bones of the galleria yet. Maybe they're keeping the corridor as a reference or something...

Or they're gutting/recycling it and then will demolish?

Lexus · #**1495** Posted **Aug 24, 2021, 2:32 AM**

2021, August 23

South side

Untitled by Lexus LX570, on Flickr

Untitled by Lexus LX570, on Flickr

North side

Untitled by Lexus LX570, on Flickr

jollyburger · #**1496** Posted **Aug 26, 2021, 8:21 PM**

Update on Oakridge:

Quote:

To add accessibility, the development team has appealed to TransLink to allow it to build an underground hallway, filled with retailers, which would punch a hole through a wall and lead directly to the underground level of the Oakridge–41st Avenue Canada Line station.

TransLink has yet to approve that plan, but said in an email that it is “optimistic these discussions will lead to an agreement.”

https://biv.com/article/2021/08/pandemic-accelerates-5b-oakridge-centre-overhaul

Vin · #**1497** Posted **Aug 26, 2021, 8:25 PM**

Quote:

Originally Posted by jollyburger

Update on Oakridge:

https://biv.com/article/2021/08/pandemic-accelerates-5b-oakridge-centre-overhaul

That's what I've been seeking all along. Nice this could happen at Oakridge mall.

Regarding downtown Vancouver:

Quote:
Patterson said tenants are increasingly averse to setting up shop in downtown Vancouver largely because of its growing number of homeless people, drug users and visible social problems.

Why malls are better:
He added that shopping centre owners can ban entry to people who appear intoxicated or who otherwise are thought to potentially cause problems.

Klazu · #**1498** Posted **Aug 26, 2021, 8:42 PM**

Nice update and honest talk! Downtown is deteriorating so fast that people cannot believe it. Multi-million condos with drug dens next door.

s211 · #**1499** Posted **Aug 26, 2021, 8:46 PM**

Quote:

Originally Posted by Vin

Why malls are better:
He added that shopping centre owners can ban entry to people who appear intoxicated or who otherwise are thought to potentially cause problems.

Maybe ten years ago, but try that now. A lot of mall operators have been hammered with human right claims because of trying to refuse access.

VancouverOfTheFuture · #**1500** Posted **Aug 27, 2021, 7:12 AM**

Quote:

Originally Posted by Klazu

Nice update and honest talk! Downtown is deteriorating so fast that people cannot believe it. Multi-million condos with drug dens next door.

this really surprised me. i haven't been downtown much at all. but it is everywhere now. it really has gone downhill quite a bit. i know of 2 businesses personally that have moved out of downtown due to the issues with the vagrants everywhere.

personally, when it comes to malls, maybe i am weird but i would rather walk around a mall picking up stuff indoors, then be stuck walking down a street in the rain and wind. google maps helps find nearby stores, though malls with U/G parking are very convenient.