Festival Condos Phase 1 is the first completed residential phase of the Festival community in Vaughan and includes two high-rise condominium buildings at 225 and 195 Commerce Street. Building A is located at 225 Commerce Street, while Building B is located at 195 Commerce Street. Both buildings form part of the same phase, share the same square footage ranges from 458 to 699 square feet, and share access to common amenities and community spaces.

Residents of Phase 1 have access to shared amenities including a fitness centre, yoga studio, indoor pool and dry sauna zones, media and social rooms, party and meeting areas, rooftop and outdoor terraces, community BBQ facilities, pet spa services, parcel storage, 24/7 security concierge and visitor parking. The buildings are located within the South Vaughan Metropolitan Centre (VMC) area of Vaughan, with direct access to nearby transit nodes, central subway infrastructure, and major highway connectivity frameworks.