The first new high-rise residential construction in downtown Stamford in nearly two decades got under way as site work has started on Trump Parc Stamford, a new high-rise condominium featuring 170 luxurious residences and a wealth of world-class amenities and services never before available in the Stamford market. Construction of the 34-story glass and steel tower is expected to take approximately 18 months. Since sales began in early June, more than 20% of the luxury condominium residences have been sold. Trump Parc Stamford is expected to be sold out within a year with occupancy scheduled for early 2009. The residences are priced from $670,000 for a one-bedroom to more than $3 million for duplex penthouses. Trump Parc Stamford is being developed by Donald Trump, Thomas Rich of F.D. Rich Company of Stamford, and Louis Cappelli of Cappelli Enterprises, Valhalla, N.Y. Trump Parc Stamford is the first condominium in Connecticut to bear the legendary Trump name. "We've been experiencing excellent sales activity over the past few months and expect the pace to accelerate in the weeks ahead. As the only new luxury high-rise condominium in the Stamford market, Trump Parc Stamford is generating tremendous buzz among brokers and buyers alike. There is a huge pent-up demand in the Stamford area for the Manhattan-style luxury that we're offering," said Jessica Rohm, senior managing director of sales and marketing for Cappelli Enterprises, who oversees the sales and marketing of Trump Parc Stamford. Combining the convenience of maintenance-free living with the excitement and sophistication of a Manhattan quality residence, Trump Parc Stamford features one, two and three-bedroom residences including duplex penthouses with wrap around terraces on the top two floors. Amenities include 24-hour concierge/doorman, landscaped terrace, indoor swimming pool, full-service health club, wireless lounge, billiards and screening rooms, roof-top private observation deck and Stamford's first Car Spa. Centrally located at One Broad St. on the corner of Washington Blvd. across from UConn Stamford, Trump Parc Stamford is minutes from the Stamford Transportation Center, which provides daily express train service via the Metro North New Haven Line into midtown Manhattan within 45 minutes. As the tallest building in Stamford and one of the tallest residential structures between Manhattan and Boston, Trump Parc Stamford will offer panoramic views of Long Island Sound and the New York City skyline. George A. Fuller Company is the general contractor for Trump Parc Stamford.