Five years after city council approved a 26-storey development near Mill Lake, the Mahogany at Mill Lake highrise is about to take shape, according to developer Diane Delves.
When completed, the Mahogany at Mill Lake tower just south of the park will be the tallest building in Abbotsford.
The site of the $80-million tower has featured a large hole for months now, and Delves said work has been taking place on the below-surface elements of the structure. Within several weeks though, Delves said a crane will be brought on site and tower construction will get underway.
Around 60 per cent of units have now been sold. While much of the real estate frenzy has been concentrated in the single-family housing market, Delves said the effects are now being felt by those marketing apartments.
“It’s definitely a lot busier,” she said.
The Mahogany tower will eventually be joined by a smaller four-storey building on site, with that phase of the project pegged at around $20 million.
The Mahogany project was narrowly approved by council in 2011 despite vocal opposition from some neighbours. The following year saw approval for rezoning to allow commercial uses on the tower’s first three floors.
Nearby residents spoke out against the size of the project, worrying it would block their views.