[Abbotsford] Mahogany at Mill Lake | 80m | 26 Floors | U/C - Page 9

officedweller · #**161** Posted **Sep 7, 2016, 11:52 PM**

Looks like the site could be sloping - so if it's a big footprint
- maybe 2 underground floors of parking.
The roof of the parkade could be a bit above grade on the down hill side
(I see a long raised planter in the rendering that could be hiding a basement wall)

retro_orange · #**162** Posted **Sep 8, 2016, 1:38 AM**

Quote:

Originally Posted by Kodii

Website: http://www.mahoganycondos.com/

Source: The Abbotsford News -- http://www.bclocalnews.com/fraser_va.../41121384.html

Source: Quantum Properties Inc. -- http://www.mahoganycondos.com/rendering1.htm

Though i doubt they will be built like that at this point, i like the townhomes in this render, like something from the 70's! Render is from 2009.

Cypherus · #**163** Posted **Sep 8, 2016, 3:24 AM**

Nice to see this rising. Quantum Properties had a difficult time getting this passed and then the lot sat for 5 years before the buying fever happened this Friday where most of the units were sold off. As per the article, most buyers were those from Metro Vancouver cashing out and downsizing: http://vancouversun.com/business/com..._lsa=8d71-e1c7

It's no wonders the prices increased substantially for these condos as I received an email from the developer in the summer about some units going for $500,000. This is Abbotsford. The developer lucked out and their bank account will show it.

retro_orange · #**164** Posted **Sep 8, 2016, 3:46 AM**

Quote:

Originally Posted by Cypherus

Nice to see this rising. Quantum Properties had a difficult time getting this passed and then the lot sat for 5 years before the buying fever happened this Friday where most of the units were sold off. As per the article, most buyers were those from Metro Vancouver cashing out and downsizing: http://vancouversun.com/business/com..._lsa=8d71-e1c7

It's no wonders the prices increased substantially for these condos as I received an email from the developer in the summer about some units going for $500,000. This is Abbotsford. The developer lucked out and their bank account will show it.

Just looking at the details about what cities are included in the foreign buyer tax area and Abbotsford is NOT included. This could just be the beginning of a tide (or tsunami) of spec. development in Abbotsford. I am hoping they expand the tax for all of BC.

Quote:

Effective August 2, 2016, an additional property transfer tax applies to residentialproperty transfers to foreign entities in the Greater Vancouver Regional District.

The Greater Vancouver Regional District includes Anmore, Belcarra, Bowen Island, Burnaby, Coquitlam, Delta, Langley City and Township, Lion’s Bay, Maple Ridge, New Westminster, North Vancouver City and District, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, Surrey, Vancouver, West Vancouver, White Rock and Electoral Area A. The additional tax does not apply to properties located on Tsawwassen First Nation lands

link: http://www2.gov.bc.ca/assets/gov/tax...-vancouver.pdf

Whalleyboy · #**165** Posted **Sep 9, 2016, 11:01 AM**

Quote:

Originally Posted by retro_orange

Just looking at the details about what cities are included in the foreign buyer tax area and Abbotsford is NOT included. This could just be the beginning of a tide (or tsunami) of spec. development in Abbotsford. I am hoping they expand the tax for all of BC.

link: http://www2.gov.bc.ca/assets/gov/tax...-vancouver.pdf

Yeah the tax is only metro Vancouver. With that in mind place like Abbotsford and Chilliwack could see some growth. I'm even thinking place like Kelowna will also get something from the lack of tax being there.

I mean we should tax all of the province but if not I'd say those place will grow and pricing there will be jumping way up in no time at all since they will be able to get a foot in the door to BC.

trofirhen · #**166** Posted **Sep 9, 2016, 6:59 PM**

Quote:

Originally Posted by retro_orange

Just looking at the details about what cities are included in the foreign buyer tax area and Abbotsford is NOT included. This could just be the beginning of a tide (or tsunami) of spec. development in Abbotsford. I am hoping they expand the tax for all of BC.

link: http://www2.gov.bc.ca/assets/gov/tax...-vancouver.pdf

Yikes, that's for sure !! We're selling ourselves out of everything. Gotta apply the brakes. Fast

retro_orange · #**167** Posted **Sep 9, 2016, 10:08 PM**

Quote:

Originally Posted by trofirhen

Yikes, that's for sure !! We're selling ourselves out of everything. Gotta apply the brakes. Fast

Yes, i have been seriously considering housing in Nanaimo, where you can get a cheap house for around 175k. If they don't expand the tax it could easily wipe that dream out. Victoria seems like the next choice to expand the tax but lets hope they don't screw it up and drag their feet on expansion. Just bite the bullet and make it province wide.

officedweller · #**168** Posted **Jan 31, 2017, 6:17 AM**

This seems to be moving very slowly - but still moving:

January 17, 2017:

Construction of the second parkade level began this week!
https://twitter.com/QPGroup

November 25, 2016:

https://twitter.com/QPGroup

excel · #**169** Posted **Jan 31, 2017, 6:53 AM**

Change to U/C?

officedweller · #**170** Posted **May 31, 2017, 8:40 PM**

From Quantum Properties twitter May 26th:

The first floor of the podium base is well underway. We're going to be needing a lot more concrete very soon!
https://twitter.com/QPGroup

Cypherus · #**171** Posted **Jun 1, 2017, 2:10 AM**

^Thanks for the update. I sort of get a vibe that this is a "run of the mill" development with the slow pace and the construction techniques utilized (i.e. shallow excavation).

GlassCity · #**172** Posted **Jun 1, 2017, 2:39 AM**

Such a strange location

officedweller · #**173** Posted **Jun 16, 2017, 12:51 AM**

June 14th:

Walls formed and poured on the 2nd level.
Remember to follow our weekly construction progress at http://livingmahogany.com/gallery/
https://twitter.com/QPGroup