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

[rofina]

Originally Posted by whatnext

Past Performance does not equal Future Performance.

I'm not sure many people, including Gillespie and Westbank, realize what an anomaly the last 10 years was. It is highly unlikely to be repeated.

Mmmhmm.

One of the most successful Canadian developers of all time does not realise how the industry in which he has a major role in has been impacted by global cash flows over the last decade.

Seriously?

Westbank advertises in Asia very heavily, if anyone knows whats happening to money flows and how it will affect unit sales in Van its the exec team at Westbank.

[bb1510]

Here is the project manifesto as well as individual brochures for buildings 3 and 4

Each building will feature different interiors and lobby designs by a different designer



https://issuu.com/westbankcorp/docs/181014_oak_final_print_book_from_me

https://issuu.com/westbankcorp/docs/oakridge_b3_castiglia_designer_book

https://issuu.com/westbankcorp/docs/oakridge-b4-lissoni

[bb1510]

Brace yourselves

[Firebrand]

Originally Posted by bb1510

Brace yourselves

$899,800 for a one-bedroom, 629 sq ft apartment?!

What a joke. I could buy a 3-bedroom, 1500 sq ft single family home in Brookswood for that price.

[SpongeG]

Cities Aren’t ‘Unwritten,’ Despite Developers’ Ego-Driven Attempts to Rewrite Culture

Oakridge mall project part of a global pattern of imposing formulaic, placeless mega-developments.

By Melody Ma Yesterday | TheTyee.ca

“Great cities are random. There are no rules they abide by. No predetermined paths they follow. A great city is a blank canvas that needs people to bring it to life.”

This is the manifesto of Vancouver’s luxury real estate developer Westbank’s “exhibition” called Unwritten — or rather, the condo display office for its redevelopment of Vancouver’s 59-year-old Oakridge mall into a new luxury master-planned community. The exhibition occupies what used to be the retail space of working-class Zellers that had the motto: “The lowest price is the law.” Now, the space showcases condos with luxurious Italian-designed interiors that reflect “the effortless sophistication and style of true Italian culture” for “timeless luxury.”

The Unwritten exhibition follows Westbank’s last year’s Fight for Beauty exhibition, which was an unabashed retrospective of its real estate projects.

Ironically, while Westbank likes to regard itself as a culture company that develops real estate as cultural products, it is in my view part of a global push to create homogeneous non-places devoid of the very thing it purports to purvey — culture.

...

https://thetyee.ca/Opinion/2018/11/16/Cities-Arent-Unwritten/

[Galaxy]

Looks like crews put up some flags on the wires along 41st which means work to get this project moving forward should start soon in the mall. Demolition and clearing of the site I mean of course.

[seastar]

Originally Posted by Firebrand

$899,800 for a one-bedroom, 629 sq ft apartment?!

What a joke. I could buy a 3-bedroom, 1500 sq ft single family home in Brookswood for that price.

The square footages quoted all include the balcony sizes as well. So the actual interior (excluding balcony) sizes are smaller.

S

[a very long weekend]

Originally Posted by vanman

[/URL]

This will be a popular place to shoot those lower budget sci-fi series that Vancouver has cornered the market on.

[Tetsuo]

Originally Posted by a very long weekend

this will be a popular place to shoot those lower budget sci-fi series that vancouver has cornered the market on.

sharknado 2099

[e-clam9]

It is eye opening .... is this downtown Manhattan price ?

[SpongeG]

I went to the "unwritten" thing on friday. To get in you need to give your name and email. It's quite neat and well put together, mostly people walking around with tablets saying things I didn't really pay attention to, most of them didn't move, they must be trained to figure out lookie loos vs buyers. The show suite was closed off by a chain and a woman with a tablet who didn't invite us in. There was a woman reclining on the "sanctuary" espousing how wonderful the sanctuary was and how it lights up and how you can recline or sit or use a table etc, it was like a weird scene out of a movie with her reclining there saying how wonderful the sanctuary was. She used the word sanctuary as many times as she possibly could.
They had lego to play with, lots of books on design and cities and little models of famous pieces of furniture and buildings. and Oakridge candles all over the place.
I couldn't tell if the last part was a gift shop or what, it was full of design books and Oakridge candles and two girls with tablets. Oh and there was a guy playing a piano in a patch of moss and plants. And one girl was wiping down one of the displays constantly.
It was an interesting way to kill 5 minutes.

[SpongeG]

I took some pics of the fountains gone, its knda weird and feels more vast.

2018-11-16_09-39-53 by snub_you, on Flickr

2018-11-16_09-39-42 by snub_you, on Flickr

[whatnext]

Originally Posted by e-clam9

It is eye opening .... is this downtown Manhattan price ?

Oakridge is the new Central Park West.

[SpongeG]

There is a Mackage store opening on the corner by the Bay. Joes Jeans didn't last long there, it was their first Canadian store. It was replaced by something else that also shut down and will now be Mackage.

[bb1510]

Originally Posted by e-clam9

It is eye opening .... is this downtown Manhattan price ?

Basically. (if you ignore the outliers on billionaires row and whatnot but it's seriously approaching the prices of 'general luxury' new builds in Manhattan)


My friend closed on a brand new prime luxury one bed in chelsea last year (market prices were higher then in NY but this was a presale from 2015) for about 1.55m usd - and that unit is over 850 sq ft interior.

Do note that they were able to rent out that unit for 7.5k usd (~9.9k cad) unfurnished per month...you'd be lucky to get 3.5k cad for those one bed units at oakridge


1.97m for 625 sqft (probably 550 sqft interior) is a joke.

[Metro-One]

I seriously can’t believe these prices...

Every time I feel like I am close to coming back to Canada , I see this and realize I am not welcome.

For the same price I could live like a king where I am now.

I like this project, love the design and concept, but that price!

How is this at all accessible for the working middle class???

My sister and her family just bought a beautiful modern 3 level house with 4 bedrooms and a guest house just outside of Nelson for less than the cheapest one bedroom unit being listed here...

Just insane.

A one bedroom condo unit, especially outside of the downtown core, should be no more than 500,000. And this is still much higher than many places, but I do understand the desirability and land constraint issues that affect Vancouver... hence 500,000, not 200,000 or 300,000. But over 900,000 to 1.6 million? Fuck off.

[SFUVancouver]

I just cannot adequately articulate my disbelief in the prices for those suites. It seems incredible to me that they could sell out a single tower at those prices in Oakridge, let alone 10 or more. Unreal.

[rofina]

You know... You try and sell me The Butterfly, Kengo Kuma, Vancouver house. I kind of get it, Downtown Vancouver, center of the action, cool.

But to pay more for Oakridge than the above seems fully outrageous.

[retro_orange]

Westbank knows where to find a lot of corrupt money. It's their thing. They should be investigated.

[misher]

Originally Posted by retro_orange

Westbank knows where to find a lot of corrupt money. It's their thing. They should be investigated.

This made me laugh