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.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.