From Depot to Bus Stop
On December 20, 2016, Translink announced the sale of its Oakridge Transit Centre property.
Previously an army barracks, since 1948 the 5.6-hectare (13.8-acre) site bounded within 37th and 41st avenues and Oak and Willow streets served as a bus depot. At its peak the Oakridge Transit Centre accommodated 244 trolley buses, 182 diesel buses and more than 1,200 staff. By 2006 most services were moved out to TransLink’s Eburne, Hamilton (Richmond) and the Burnaby facilities.
At $440 million, the sale represents the second largest real estate transaction in the province’s history, behind the $480 Jericho land sale also concluded in 2016.
The property is to be developed by Vancouver-based Intergulf Development Group, Richmond-based Kunyuan International Group -a company linked to China-based investors that has acquired more than $740 million in Metro Vancouver real estate over the past three years- and Beijing-based Modern Green Development Co. Ltd. (Developers of the offshore-marketed-by-MAC “sustainably designed” Yu residential project at UBC; “yu” meaning “jade” and jade being green … get it? Cha-ching!)
Curiously, the closed captions of a youtube video on Intergulf’s “conquest of the Cambie corridor” suggests it’s vice-president goes by the moniker Fascist Bus Stop.