Friday, May 3, 2024
  • Procore Leaderboard 2024
  • CWRE 2024 - Leaderboard
  • Dentec - Leaderboard - 2023 - Updated
  • Premier Leaderboard - updated Nov 19
  • Revizto - Leaderboard - May and June 2024
  • Keith Walking Floor - Leaderboard - Sept 2021
  • IAPMO R&T Lab - Leaderboard
Oakridge development
November 13, 2023

Oakridge development ‘still active,’ construction firm says, despite dispute with Westbank Corp. in Ontario

Canadian construction giant EllisDon continues to operate at the Oakridge Park mega-project despite having recently vacated a development site in Ontario and initiating court action against its same development partner, Vancouver’s Westbank Corp., alleging 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.

Asked specifically if Westbank has been or is delinquent on any payments at Oakridge, Luchka declined to comment.

Westbank and QuadReal, a global real estate investment, operating and development company, are described as joint-venture partners at the Oakridge project that is redeveloping a massive 28-acre site on Vancouver’s west side, targeting homes for 6,000 residents living in 3,500 units in more than a dozen high-rise towers.

Westbank has become one of Canada’s best-known developers with a portfolio of striking buildings where units are marketed both domestically and internationally, including to buyers in major cities such as Hong Kong and Singapore. QuadReal has more than $73 billion in assets under management, and is wholly owned by the B.C. Investment Management Corp., one of Canada’s largest institutional investors.

Keep reading on vancouversun.com


  • Premier Leaderboard - updated Nov 19
  • Dentec - Leaderboard - 2023 - Updated
  • IAPMO R&T Lab - Leaderboard
  • Keith Walking Floor - Leaderboard - Sept 2021
  • CWRE 2024 - Leaderboard
  • Revizto - Leaderboard - May and June 2024
  • Procore Leaderboard 2024