The Residences of College Park represents the ultimate in high rise condominium development in downtown Toronto. The project features a pair of steel and glass high-rise condominium buildings with spectacular views overlooking downtown in a prominent mid-town location. The two towers have a total of 1.1 million sq.ft. of residential floor area. The north tower has 51 floors with 658 units. The south tower has 45 floors with 540 units and 12 town home units. The total unit count is 1,200. The north tower is 100% sold and construction commenced in Fall 2003 with registration occurring in Spring 2006. Phase II was launched in October 2004 to much fanfare. With record breaking sales velocity, the building's 540 suites and 12 townhomes were sold out. Construction commenced in Spring 2005 on Phase II and occupancy began in November 2007. Phase II is one of the first developments in Toronto where people have actually moved in on their prescribed occupancy date on their original Agreement of Purchase and Sale. Usually, high rise projects are delayed for a year or even longer past their original occupancy. Canderel is committed to a strict construction schedule and in turn, this has made for a very happy client base. The residents, in both Phase I and Phase II, have seen their property values increase 30 to 40% since their original purchase. The reason is Canderel's attention to detail in construction and ensuring that each element of the project meets our stringent standards of quality. The end result is repeat business from our existing homeowners and a brand that is recognized in the industry as delivering on quality, service and value.