Homburg begins construction of phase II of 333 Sherbrooke East in Montreal (CN)

Homburg Invest Inc. has announced that its affiliated Company, 333 Sherbrooke Street East L.P., has begun construction on Phase II of the residential development project located at 333 Sherbrooke Street East in downtown Montreal.

The $35-million project will include 112 luxury condominiums housed in a ten story tower and two fivestory garden-plex buildings with mountain views, nestled around a quiet courtyard. Occupancy is scheduled for August 2008 and already more than 50% of the units have been reserved in advanced sales.

"We are proud to be associated with 333 Sherbrooke which is truly a unique residential project in Montreal," said Richard Homburg, Chairman and Chief Executive Officer of Homburg Invest Inc. "This is our first residential development project in Montreal and has truly become a showcase for us, blending beautifully with the area's heritage homes, magnificent architecture and historic feel," added Mr. Homburg.

333 Sherbrooke provides residents with an unparalleled location and an incredible lifestyle experience. Interiors are stylish and airy, with open-plan layouts, 10-foot ceilings and expansive windows with panoramic views. Internationally renowned interior designer Andres Escobar has reinterpreted the 'new' modern, utilizing noble materials including tactile granite, smooth marble, delicate porcelain and exotic woods. Italian kitchen cabinetry, elegant bathroom vanities and deep Japanese-style tubs take contemporary elegance to new heights.

The development features a private lobby, two fully equipped fitness rooms with panoramic views of the city, and rooftop sundecks perfect for summer barbecues. Certain condominiums even boast private elevators, rooftop gardens and generous balconies. Residents will be sure to enjoy the suspended swimming pool on the tenth floor, a stunning focal point that will link the two towers.

The partners of Homburg Invest in the project include SNS Property Finance International of Amsterdam and Les Investissements F.P.S.E.C., a company associated with Telemedia Ventures Inc. of Montreal.

Source: Homburg

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