Westbank ‘Still Active’ at Oakridge
Westbank’s Oakridge redevelopment in Vancouver is still proceeding even though the developer and its general contractor have a legal dispute surrounding another project.
Toronto-based EllisDon has vacated a development site in Ontario while initiating court action against Westbank over alleged payment delinquencies.
“I can confirm we are still active at Oakridge, but cannot comment on our relationship with Westbank, given the state of it being before the courts,” said EllisDon spokesperson Dustin Luchka in an email to Postmedia.
The Globe and Mail has reported that Westbank is being sued by four construction companies for more than $25 million over unpaid work on Toronto’s Mirvish Village apartment project. According to the Globe, EllisDon is seeking repayment of $8.7 million.
Oakridge Park is a massive, long-term mixed-use redevelopment of QuadReal’s Oakridge mall. The project includes the construction of thousands of new homes, including many rental units.
The mall redevelopment has spurred several new real estate projects in the Oakridge area, including many rental-housing developments. Proposed projects include a massive redevelopment of the Langara Gardens apartments and two new Wesgroup rental multi-residential towers.
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