Urban Capital’s Phase 2 construction is progressing well with occupancy targeted for early 2015. Current sales figures show 85% sold. Urban Capital has presented their schematic designs for Phase 3 to the Design Review Panel. The proposed design includes a tower that is approximately six storeys taller and with a smaller floorplate than what was contemplated in the West Don Lands Block Plan. The Design Review Panel provided support for the project to proceed to the next phase of design. Waterfront Toronto will work with Urban Capital to further review the proposal, including any associated applications for municipal development approvals.