Developer Westbank is trying a creative approach to help move condos at its Oakridge redevelopment — partnering with a dealership group to allow people to trade in their cars for a credit towards a condo.
The partnership with Dilawri Group of Companies allows purchasers to trade in their vehicle of any make or model, provided it is paid off, in good working condition and was purchased in B.C. Once the vehicle is assessed by the trade-in team, a credit for the original price of the car will be applied towards a home in the Oakridge x Lissoni tower, a 42-storey, 319 unit tower now pre-selling. The credit limit is a maximum of 20 per cent of the price of the unit, which start at $950,000.
“One of the goals of Oakridge Park is to innovate the way we live. Oakridge Park is partnering with Dilawri to help innovate how we move, supporting a more sustainable future through transportation in one of the most innovative, sustainable projects of its kind in the world,” said Michael Braun, sales and marketing at Westbank, in a press release.
The Oakridge x Lissoni tower will be one of the tallest in the redevelopment of Oakridge Centre by QuadReal and Westbank. The interiors of the tower are designed by Piero Lissoni, an Italian architect and designer. The tower will be complete in 2024.