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Ivanhoé Cambridge proposes to invest $1-billion to transform the 1950s-era mall, now on the rapid-transit Canada Line, whose opening in 2009 boosted transit visitors to the mall from 9 per cent to 25 per cent

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Ivanhoé Cambridge and Westbank Development has applied to totally revamp the Oakridge Centre. Vancouver’s first shopping mall, a classic low-rise development, was built in the 1950s at the southwest corner of Cambie Street and 41st Avenue in a single-family area. It would be replaced with a mini city seen here in an architect’s rendering.Henriquez Partners Architects

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Ivanhoé Cambridge proposes to invest $1-billion to transform the mall, with almost 3,000 residential units in 13 towers that will cluster around a shopping centre that’s twice its current size. The new project sits on top of a station of the rapid-transit Canada Line, whose opening in 2009 boosted the percentage of visitors who arrive by transit at Oakridge Centre from 9 per cent to 25 per cent.

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Included in the massive 28-acre project – double the area of the city’s Olympic Village and triple the housing – will be public gardens, 400 units of rental housing, 150 units aimed at seniors, a community centre, a daycare and a library.

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Greenery and rooftop commons will vary the streetscape. If the massive project gets approval from the city as is, it will become the biggest investment Ivanhoé Cambridge is making in any of its real-estate holdings in the world. ‘Nothing else comes close to the size of this,’ says Roman Drohomirecki, the company’s vice-president for operations in western North America.

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