Canada’s Huge Oakridge Park Is a Magnet for Luxury
Oakridge Park, Canada’s largest development happening in Vancouver, is attracting a rich concentration of luxury brands.
Louis Vuitton, Prada, Brunello Cucinelli, Moncler, Versace and Max Mara have decided to open stores in Oakridge Park as part of “a curated selection of premium global brands across apparel, beauty, jewelry, watches, home décor, as well as lifestyle and wellness, alongside exceptional culinary experiences,” according to a statement from the developers.
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Other luxury brands coming to Oakridge Park with their first stand-alone boutiques in Vancouver are Maison Margiela, Miu Miu, Christian Louboutin and Alexander Wang. Additional announcements on retail openings at Oakridge Park will follow later this year, the statement indicated.
Once fully completed, Oakridge Park will offer more than 140 brands across the 850,000-square-foot development. There will also be 3,000-plus residences, a nine-acre park, and 700,000 square feet of office space for more than 3,000 professionals, as well as community centers, a library, indoor and outdoor concert venues, an academy for the Goh Ballet, and the second Time Out Market in Canada, which will have a design inspired by the great traditional food halls of Europe and the more contemporary ones in Asia.
By spring 2025, more than 100 retail brands are expected to be open for business. The stores that had been operating, Harry Rosen, Tiffany, Michael Kors and Coach among them, all closed to make way for the redevelopment, with the exception of Crate & Barrel and Hudson’s Bay, as well as the food court and certain services, such as medical and dental offices.
The massive mixed-use redevelopment spreads across 28 acres and has been in the works for about four years.
Oakridge Park, said Andy Clydesdale, executive vice president of global retail at QuadReal Property Group, “sets a new standard for transformative projects by seamlessly integrating retail, residential and sustainability elements through innovative design and functionality. Oakridge Park promises a holistic and exceptional cultural environment for both residents and visitors, marking a significant milestone in the evolution of luxury retail real estate.”
The redevelopment, transforming what was formerly known as Oakridge Centre into a massive town center, is a partnership between QuadReal Property Group and Westbank. Oakridge is an affluent neighborhood on the west side of Vancouver and is located at the intersection of West 41st Avenue and Cambie Street. Oakridge Centre was originally opened in 1959.
“Oakridge Park goes beyond physical retail, our aim is to offer an extraordinary experience,” Ian Gillespie, founder and chief executive officer of Westbank, said in a statement. “We hope the new Oakridge Park will serve as a cultural hub for Vancouver that the world will look to for inspiration.”
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, managing $73.8 billion in assets.
Westbank is a private company that concentrates on large projects in Vancouver, Toronto, Seattle, Tokyo and San Jose. The company says it is committed to large-scale net zero carbon initiatives, and is involved in residential, hotel, retail, creative workspace, district energy, affordable housing, exhibitions and public art, with over $50 billion worth of projects completed or under development.
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