Oakridge Park

QuadReal and Westbank’s decision to develop and operate Oakridge Park as a direct-lease landlord, rather than routing the luxury tier through a franchisee aggregator, produced the most densely appointed luxury retail cluster Canada’s west coast has seen in a single opening. The $6.5 billion redevelopment of the former Oakridge Centre site in south Vancouver integrates 650,000 square feet of retail with 1,400 residential apartments, 720,000 square feet of office space, and the Oakridge-41st Avenue Canada Line station into a 28-acre mixed-use development whose luxury tenant list at Phase 1 opening in May 2026 includes Louis Vuitton, Hermès, Chanel, Prada, Rolex, Tiffany and Co., and Ferragamo, reflecting the co-tenancy discipline that developer-direct leasing makes possible when a single operator controls the full building envelope.

The standalone luxury boutique tier positions Oakridge Park as an alternative to the downtown Vancouver luxury corridor: Louis Vuitton, Hermès, Chanel, Prada, Ferragamo, Rolex, and Tiffany and Co. give the property a luxury address depth that previously required shoppers to distribute across Holt Renfrew on Burrard Street, the Fairmont Pacific Rim area, and Park Royal in West Vancouver. Canada Goose, whose mountain resort and Pacific Northwest market positioning make a south Vancouver presence commercially logical, occupies the premium outerwear category alongside Aritzia, the Vancouver-headquartered women’s fashion brand whose Oakridge Park store constitutes a hometown anchor investment in the market where the company’s design and commercial identity originated.

Harry Rosen’s 17,000 square foot store, designed by dkstudio architects and incorporating a permanent Tailoring Lounge, operates at Oakridge Park as an anchor-within-anchor format: the store houses dedicated boutiques for ZEGNA, Tom Ford, Isaia, Canali, and Berluti alongside a Creed fragrance counter, giving five European luxury menswear houses and a prestige fragrance brand a Vancouver presence within a single Canadian retail partner’s footprint. The operating model concentrates the luxury menswear occasion at a single co-tenancy address and gives Harry Rosen a store format whose luxury partner count is competitive with the largest luxury menswear environments in New York, London, and Toronto.

Time Out Market Vancouver occupies 51,000 square feet within the complex, the food hall format that Time Out Group operates at a small number of high-footfall international locations where editorial market knowledge translates into a vendor selection that standard food courts cannot replicate. lululemon and Arc’teryx, both founded and headquartered in Vancouver, anchor the activewear and performance outdoor categories. Indigo, the Canadian book, lifestyle, and gift retailer, anchor the lifestyle retail tier alongside Sephora for the prestige beauty category and Banana Republic for the accessible fashion floor. The roster of marquee Canadian and hometown tenants (Aritzia, lululemon, and Arc’teryx as Vancouver-native anchors, alongside domestic powerhouses Harry Rosen and Canada Goose) gives Oakridge Park a commercial authenticity in its home market that generic luxury retail formats in non-home cities rarely achieve.

The Oakridge-41st Avenue Canada Line station’s integration at ground level gives the retail component transit access from downtown Vancouver (Waterfront station, 18 minutes), Richmond, and Vancouver International Airport to the south, extending the effective catchment beyond south Vancouver’s immediate residential base into the full Canada Line corridor. The 1,400 apartments within the mixed-use envelope generate a resident population whose daily proximity to the retail floors produces visit frequency patterns that suburban malls dependent exclusively on vehicle trips cannot match. Oakridge Park’s market position in Greater Vancouver rests on three factors that the developer-operator structure made possible: the luxury tenant depth that direct-lease discipline assembles, the Canada Line transit access that no other Vancouver retail format at this tier integrates, and the powerhouse Canadian anchor brands that give the property a local identity no imported retail cluster can replicate.