QuadReal Opens Oakridge Park, Debuting Canada's Largest Mixed-Use Redevelopment as a Major Retail Real Estate Destination in Vancouver
VANCOUVER, BC — May 28, 2026 — QuadReal Property Group celebrated the grand opening of Oakridge Park, a mixed-use redevelopment at 650 West 41st Avenue in Vancouver that the developers describe as Canada's largest project of its kind. The milestone marks the completion of a years-long effort to transform the former Oakridge Centre site into a multi-use urban destination. The development team has billed it a "new global retail destination" for Vancouver and Canada more broadly.
Mixed-Use Program
Oakridge Park is described as encompassing more than 5 million square feet of gross floor area, incorporating retail, residential, office, and civic uses. Specific details regarding the size of the retail component, the number of residential towers, and the breakdown of uses were not disclosed in the available source material.
The project includes more than 3,000 residential units. The development also incorporates office space, a civic centre, community amenities, and public realm improvements. Further specifics on tenant mix, retail square footage, office square footage, and residential tenure breakdown are undisclosed in the available sources.
QuadReal's Broader Activity
Oakridge Park is one component of broader activity at QuadReal. The firm's global debt team completed $4.79 billion in deals in 2025. In March 2026, the firm announced a £480 million joint venture with Clear Sky to acquire a 27-asset UK self storage portfolio. QuadReal also reported strong industrial leasing activity across Canada in 2025. The firm's European logistics affiliate, Valor, completed two urban logistics financings totaling approximately €148 million with Deutsche Pfandbriefbank AG across Paris and Lyon portfolios in April 2026. QuadReal's February 2026 commercial leasing report noted evolving office demand across Canada.
QuadReal Property Group is headquartered in Vancouver and manages real estate assets globally on behalf of British Columbia Investment Management Corporation.
