Quote:
Originally Posted by hipster duck
^Thanks for posting that.
I'm surprised nobody is talking about this on the Canada forum. I'll have to lurk in the Vancouver forum to see if this is generating posts, but Oakridge is probably the biggest project to open in Vancouver since the Olympics. It's certainly a bigger deal than anything that opened up when I lived there from 2010-2017.
I also think this is probably the beginning of the end of high end shopping downtown, either on Alberni or around Pacific Centre. Vancouver is full of rich people, but it's not a huge city, and it probably can't support two full-sized Louis Vuittons, for example.
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It should be with a
price tag of $6.5 billion.
Personally I'm of the opinion (not popular in the Vancouver forum) that this project is built for a world that no longer exists. The initial developer (Westbank) is now floundering because they built for offshore money and the scale of that flowing in is great diminished. There's been nary a peep at where condo sales in this project have landed at and they've certainly been dragging their feet over completion. Don't get me wrong, I'm sure it will be a nice mall and the rooftop public park is cool but I'm skeptical of the financial success of it.
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