diff --git a/BUILD b/BUILD
index 222cdac..397203d 100644
--- a/BUILD
+++ b/BUILD
@@ -36,9 +36,9 @@
 # This should be updated along with build.yaml
 g_stands_for = "gambit"
 
-core_version = "5.0.0-dev"
+core_version = "5.0.0"
 
-version = "1.7.0-pre1"
+version = "1.7.0"
 
 GPR_PUBLIC_HDRS = [
     "include/grpc/support/alloc.h",
diff --git a/CMakeLists.txt b/CMakeLists.txt
index 4586bca..8167494 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -24,7 +24,7 @@
 cmake_minimum_required(VERSION 2.8)
 
 set(PACKAGE_NAME      "grpc")
-set(PACKAGE_VERSION   "1.7.0-pre1")
+set(PACKAGE_VERSION   "1.7.0")
 set(PACKAGE_STRING    "${PACKAGE_NAME} ${PACKAGE_VERSION}")
 set(PACKAGE_TARNAME   "${PACKAGE_NAME}-${PACKAGE_VERSION}")
 set(PACKAGE_BUGREPORT "https://github.com/grpc/grpc/issues/")
diff --git a/Makefile b/Makefile
index 406670f..0aafe50 100644
--- a/Makefile
+++ b/Makefile
@@ -410,9 +410,9 @@
 Q = @
 endif
 
-CORE_VERSION = 5.0.0-dev
-CPP_VERSION = 1.7.0-pre1
-CSHARP_VERSION = 1.7.0-pre1
+CORE_VERSION = 5.0.0
+CPP_VERSION = 1.7.0
+CSHARP_VERSION = 1.7.0
 
 CPPFLAGS_NO_ARCH += $(addprefix -I, $(INCLUDES)) $(addprefix -D, $(DEFINES))
 CPPFLAGS += $(CPPFLAGS_NO_ARCH) $(ARCH_FLAGS)
diff --git a/build.yaml b/build.yaml
index 97cc0fb..fbe6aef 100644
--- a/build.yaml
+++ b/build.yaml
@@ -12,9 +12,9 @@
   '#08': Use "-preN" suffixes to identify pre-release versions
   '#09': Per-language overrides are possible with (eg) ruby_version tag here
   '#10': See the expand_version.py for all the quirks here
-  core_version: 5.0.0-dev
+  core_version: 5.0.0
   g_stands_for: gambit
-  version: 1.7.0-pre1
+  version: 1.7.0
 filegroups:
 - name: census
   public_headers:
diff --git a/gRPC-Core.podspec b/gRPC-Core.podspec
index 4d86a62..213fb54 100644
--- a/gRPC-Core.podspec
+++ b/gRPC-Core.podspec
@@ -22,7 +22,7 @@
 
 Pod::Spec.new do |s|
   s.name     = 'gRPC-Core'
-  version = '1.7.0-pre1'
+  version = '1.7.0'
   s.version  = version
   s.summary  = 'Core cross-platform gRPC library, written in C'
   s.homepage = 'https://grpc.io'
diff --git a/gRPC-ProtoRPC.podspec b/gRPC-ProtoRPC.podspec
index ca26503..39a76b8 100644
--- a/gRPC-ProtoRPC.podspec
+++ b/gRPC-ProtoRPC.podspec
@@ -21,7 +21,7 @@
 
 Pod::Spec.new do |s|
   s.name     = 'gRPC-ProtoRPC'
-  version = '1.7.0-pre1'
+  version = '1.7.0'
   s.version  = version
   s.summary  = 'RPC library for Protocol Buffers, based on gRPC'
   s.homepage = 'https://grpc.io'
diff --git a/gRPC-RxLibrary.podspec b/gRPC-RxLibrary.podspec
index f942068..a90a8bc 100644
--- a/gRPC-RxLibrary.podspec
+++ b/gRPC-RxLibrary.podspec
@@ -21,7 +21,7 @@
 
 Pod::Spec.new do |s|
   s.name     = 'gRPC-RxLibrary'
-  version = '1.7.0-pre1'
+  version = '1.7.0'
   s.version  = version
   s.summary  = 'Reactive Extensions library for iOS/OSX.'
   s.homepage = 'https://grpc.io'
diff --git a/gRPC.podspec b/gRPC.podspec
index bb526e8..16452cd 100644
--- a/gRPC.podspec
+++ b/gRPC.podspec
@@ -20,7 +20,7 @@
 
 Pod::Spec.new do |s|
   s.name     = 'gRPC'
-  version = '1.7.0-pre1'
+  version = '1.7.0'
   s.version  = version
   s.summary  = 'gRPC client library for iOS/OSX'
   s.homepage = 'https://grpc.io'
diff --git a/package.json b/package.json
index 55a5a6b..b5dd83f 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "grpc",
-  "version": "1.7.0-pre1",
+  "version": "1.7.0",
   "author": "Google Inc.",
   "description": "gRPC Library for Node",
   "homepage": "https://grpc.io/",
diff --git a/package.xml b/package.xml
index 472dabb..1750392 100644
--- a/package.xml
+++ b/package.xml
@@ -13,8 +13,8 @@
  <date>2017-08-24</date>
  <time>16:06:07</time>
  <version>
-  <release>1.7.0RC1</release>
-  <api>1.7.0RC1</api>
+  <release>1.7.0</release>
+  <api>1.7.0</api>
  </version>
  <stability>
   <release>beta</release>
diff --git a/src/core/lib/iomgr/tcp_windows.c b/src/core/lib/iomgr/tcp_windows.c
index 2cbb974..9b634a2 100644
--- a/src/core/lib/iomgr/tcp_windows.c
+++ b/src/core/lib/iomgr/tcp_windows.c
@@ -441,6 +441,7 @@
   tcp->resource_user = grpc_resource_user_create(resource_quota, peer_string);
   /* Tell network status tracking code about the new endpoint */
   grpc_network_status_register_endpoint(&tcp->base);
+  grpc_resource_quota_unref_internal(exec_ctx, resource_quota);
 
   return &tcp->base;
 }
diff --git a/src/core/lib/surface/version.c b/src/core/lib/surface/version.c
index fd6ea4d..2f0610a 100644
--- a/src/core/lib/surface/version.c
+++ b/src/core/lib/surface/version.c
@@ -21,6 +21,6 @@
 
 #include <grpc/grpc.h>
 
-const char *grpc_version_string(void) { return "5.0.0-dev"; }
+const char *grpc_version_string(void) { return "5.0.0"; }
 
 const char *grpc_g_stands_for(void) { return "gambit"; }
diff --git a/src/cpp/common/version_cc.cc b/src/cpp/common/version_cc.cc
index 766c614..01b033d 100644
--- a/src/cpp/common/version_cc.cc
+++ b/src/cpp/common/version_cc.cc
@@ -22,5 +22,5 @@
 #include <grpc++/grpc++.h>
 
 namespace grpc {
-grpc::string Version() { return "1.7.0-pre1"; }
+grpc::string Version() { return "1.7.0"; }
 }
diff --git a/src/csharp/Grpc.Core/Version.csproj.include b/src/csharp/Grpc.Core/Version.csproj.include
index 76fd55c..b34e64a 100755
--- a/src/csharp/Grpc.Core/Version.csproj.include
+++ b/src/csharp/Grpc.Core/Version.csproj.include
@@ -1,7 +1,7 @@
 <!-- This file is generated -->
 <Project>
   <PropertyGroup>
-    <GrpcCsharpVersion>1.7.0-pre1</GrpcCsharpVersion>
+    <GrpcCsharpVersion>1.7.0</GrpcCsharpVersion>
     <GoogleProtobufVersion>3.3.0</GoogleProtobufVersion>
   </PropertyGroup>
 </Project>
diff --git a/src/csharp/Grpc.Core/VersionInfo.cs b/src/csharp/Grpc.Core/VersionInfo.cs
index fbffbb0..c0de225 100644
--- a/src/csharp/Grpc.Core/VersionInfo.cs
+++ b/src/csharp/Grpc.Core/VersionInfo.cs
@@ -38,6 +38,6 @@
         /// <summary>
         /// Current version of gRPC C#
         /// </summary>
-        public const string CurrentVersion = "1.7.0-pre1";
+        public const string CurrentVersion = "1.7.0";
     }
 }
diff --git a/src/csharp/build_packages_dotnetcli.bat b/src/csharp/build_packages_dotnetcli.bat
index 8377f6c..f25c003 100755
--- a/src/csharp/build_packages_dotnetcli.bat
+++ b/src/csharp/build_packages_dotnetcli.bat
@@ -13,7 +13,7 @@
 @rem limitations under the License.
 
 @rem Current package versions
-set VERSION=1.7.0-pre1
+set VERSION=1.7.0
 
 @rem Adjust the location of nuget.exe
 set NUGET=C:\nuget\nuget.exe
diff --git a/src/csharp/build_packages_dotnetcli.sh b/src/csharp/build_packages_dotnetcli.sh
index 30d2bc6..a4ec409 100755
--- a/src/csharp/build_packages_dotnetcli.sh
+++ b/src/csharp/build_packages_dotnetcli.sh
@@ -39,7 +39,7 @@
 dotnet pack --configuration Release Grpc.HealthCheck --output ../../../artifacts
 dotnet pack --configuration Release Grpc.Reflection --output ../../../artifacts
 
-nuget pack Grpc.nuspec -Version "1.7.0-pre1" -OutputDirectory ../../artifacts
-nuget pack Grpc.Tools.nuspec -Version "1.7.0-pre1" -OutputDirectory ../../artifacts
+nuget pack Grpc.nuspec -Version "1.7.0" -OutputDirectory ../../artifacts
+nuget pack Grpc.Tools.nuspec -Version "1.7.0" -OutputDirectory ../../artifacts
 
 (cd ../../artifacts && zip csharp_nugets_dotnetcli.zip *.nupkg)
diff --git a/src/node/health_check/package.json b/src/node/health_check/package.json
index 0942d28..e04f75e 100644
--- a/src/node/health_check/package.json
+++ b/src/node/health_check/package.json
@@ -1,6 +1,6 @@
 {
   "name": "grpc-health-check",
-  "version": "1.7.0-pre1",
+  "version": "1.7.0",
   "author": "Google Inc.",
   "description": "Health check service for use with gRPC",
   "repository": {
@@ -15,7 +15,7 @@
     }
   ],
   "dependencies": {
-    "grpc": "^1.7.0-pre1",
+    "grpc": "^1.7.0",
     "lodash": "^3.9.3",
     "google-protobuf": "^3.0.0"
   },
diff --git a/src/node/tools/package.json b/src/node/tools/package.json
index 6863b3a..c51553b 100644
--- a/src/node/tools/package.json
+++ b/src/node/tools/package.json
@@ -1,6 +1,6 @@
 {
   "name": "grpc-tools",
-  "version": "1.7.0-pre1",
+  "version": "1.7.0",
   "author": "Google Inc.",
   "description": "Tools for developing with gRPC on Node.js",
   "homepage": "https://grpc.io/",
diff --git "a/src/objective-c/\041ProtoCompiler-gRPCPlugin.podspec" "b/src/objective-c/\041ProtoCompiler-gRPCPlugin.podspec"
index 19eb0ca..c1a4b9b 100644
--- "a/src/objective-c/\041ProtoCompiler-gRPCPlugin.podspec"
+++ "b/src/objective-c/\041ProtoCompiler-gRPCPlugin.podspec"
@@ -42,7 +42,7 @@
   # exclamation mark ensures that other "regular" pods will be able to find it as it'll be installed
   # before them.
   s.name     = '!ProtoCompiler-gRPCPlugin'
-  v = '1.7.0-pre1'
+  v = '1.7.0'
   s.version  = v
   s.summary  = 'The gRPC ProtoC plugin generates Objective-C files from .proto services.'
   s.description = <<-DESC
diff --git a/src/objective-c/GRPCClient/private/version.h b/src/objective-c/GRPCClient/private/version.h
index 82748fe..978e9a5 100644
--- a/src/objective-c/GRPCClient/private/version.h
+++ b/src/objective-c/GRPCClient/private/version.h
@@ -23,4 +23,4 @@
 // `tools/buildgen/generate_projects.sh`.
 
 
-#define GRPC_OBJC_VERSION_STRING @"1.7.0-pre1"
+#define GRPC_OBJC_VERSION_STRING @"1.7.0"
diff --git a/src/php/ext/grpc/version.h b/src/php/ext/grpc/version.h
index 4be72ba..ff24630 100644
--- a/src/php/ext/grpc/version.h
+++ b/src/php/ext/grpc/version.h
@@ -20,6 +20,6 @@
 #ifndef VERSION_H
 #define VERSION_H
 
-#define PHP_GRPC_VERSION "1.7.0RC1"
+#define PHP_GRPC_VERSION "1.7.0"
 
 #endif /* VERSION_H */
diff --git a/src/python/grpcio/grpc/_grpcio_metadata.py b/src/python/grpcio/grpc/_grpcio_metadata.py
index 6cceaff..7b3d263 100644
--- a/src/python/grpcio/grpc/_grpcio_metadata.py
+++ b/src/python/grpcio/grpc/_grpcio_metadata.py
@@ -14,4 +14,4 @@
 
 # AUTO-GENERATED FROM `$REPO_ROOT/templates/src/python/grpcio/grpc/_grpcio_metadata.py.template`!!!
 
-__version__ = """1.7.0rc1"""
+__version__ = """1.7.0"""
diff --git a/src/python/grpcio/grpc_version.py b/src/python/grpcio/grpc_version.py
index 1a51212..eb8003c 100644
--- a/src/python/grpcio/grpc_version.py
+++ b/src/python/grpcio/grpc_version.py
@@ -14,4 +14,4 @@
 
 # AUTO-GENERATED FROM `$REPO_ROOT/templates/src/python/grpcio/grpc_version.py.template`!!!
 
-VERSION='1.7.0rc1'
+VERSION='1.7.0'
diff --git a/src/python/grpcio_health_checking/grpc_version.py b/src/python/grpcio_health_checking/grpc_version.py
index 5c8f192..56382d7 100644
--- a/src/python/grpcio_health_checking/grpc_version.py
+++ b/src/python/grpcio_health_checking/grpc_version.py
@@ -14,4 +14,4 @@
 
 # AUTO-GENERATED FROM `$REPO_ROOT/templates/src/python/grpcio_health_checking/grpc_version.py.template`!!!
 
-VERSION='1.7.0rc1'
+VERSION='1.7.0'
diff --git a/src/python/grpcio_reflection/grpc_version.py b/src/python/grpcio_reflection/grpc_version.py
index 827006c..e2c1d4d 100644
--- a/src/python/grpcio_reflection/grpc_version.py
+++ b/src/python/grpcio_reflection/grpc_version.py
@@ -14,4 +14,4 @@
 
 # AUTO-GENERATED FROM `$REPO_ROOT/templates/src/python/grpcio_reflection/grpc_version.py.template`!!!
 
-VERSION='1.7.0rc1'
+VERSION='1.7.0'
diff --git a/src/python/grpcio_testing/grpc_version.py b/src/python/grpcio_testing/grpc_version.py
index e765bf3..33d6869 100644
--- a/src/python/grpcio_testing/grpc_version.py
+++ b/src/python/grpcio_testing/grpc_version.py
@@ -14,4 +14,4 @@
 
 # AUTO-GENERATED FROM `$REPO_ROOT/templates/src/python/grpcio_testing/grpc_version.py.template`!!!
 
-VERSION='1.7.0rc1'
+VERSION='1.7.0'
diff --git a/src/python/grpcio_tests/grpc_version.py b/src/python/grpcio_tests/grpc_version.py
index 3604808..9334327 100644
--- a/src/python/grpcio_tests/grpc_version.py
+++ b/src/python/grpcio_tests/grpc_version.py
@@ -14,4 +14,4 @@
 
 # AUTO-GENERATED FROM `$REPO_ROOT/templates/src/python/grpcio_tests/grpc_version.py.template`!!!
 
-VERSION='1.7.0rc1'
+VERSION='1.7.0'
diff --git a/src/ruby/lib/grpc/version.rb b/src/ruby/lib/grpc/version.rb
index 1dc79b7..570915f 100644
--- a/src/ruby/lib/grpc/version.rb
+++ b/src/ruby/lib/grpc/version.rb
@@ -14,5 +14,5 @@
 
 # GRPC contains the General RPC module.
 module GRPC
-  VERSION = '1.7.0.pre1'
+  VERSION = '1.7.0'
 end
diff --git a/src/ruby/tools/version.rb b/src/ruby/tools/version.rb
index a27404f..e376628 100644
--- a/src/ruby/tools/version.rb
+++ b/src/ruby/tools/version.rb
@@ -14,6 +14,6 @@
 
 module GRPC
   module Tools
-    VERSION = '1.7.0.pre1'
+    VERSION = '1.7.0'
   end
 end
diff --git a/tools/distrib/python/grpcio_tools/grpc_version.py b/tools/distrib/python/grpcio_tools/grpc_version.py
index 81a92d6..bcc2502 100644
--- a/tools/distrib/python/grpcio_tools/grpc_version.py
+++ b/tools/distrib/python/grpcio_tools/grpc_version.py
@@ -14,4 +14,4 @@
 
 # AUTO-GENERATED FROM `$REPO_ROOT/templates/tools/distrib/python/grpcio_tools/grpc_version.py.template`!!!
 
-VERSION='1.7.0rc1'
+VERSION='1.7.0'
diff --git a/tools/doxygen/Doxyfile.c++ b/tools/doxygen/Doxyfile.c++
index 7e34fd6..021a664 100644
--- a/tools/doxygen/Doxyfile.c++
+++ b/tools/doxygen/Doxyfile.c++
@@ -40,7 +40,7 @@
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER         = 1.7.0-pre1
+PROJECT_NUMBER         = 1.7.0
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a
diff --git a/tools/doxygen/Doxyfile.c++.internal b/tools/doxygen/Doxyfile.c++.internal
index 6a6efa2..bb07aa4 100644
--- a/tools/doxygen/Doxyfile.c++.internal
+++ b/tools/doxygen/Doxyfile.c++.internal
@@ -40,7 +40,7 @@
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER         = 1.7.0-pre1
+PROJECT_NUMBER         = 1.7.0
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a
diff --git a/tools/doxygen/Doxyfile.core b/tools/doxygen/Doxyfile.core
index b9a3c3b..52dd9a1 100644
--- a/tools/doxygen/Doxyfile.core
+++ b/tools/doxygen/Doxyfile.core
@@ -40,7 +40,7 @@
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER         = 5.0.0-dev
+PROJECT_NUMBER         = 5.0.0
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a
diff --git a/tools/doxygen/Doxyfile.core.internal b/tools/doxygen/Doxyfile.core.internal
index 8112c03..ce6c150 100644
--- a/tools/doxygen/Doxyfile.core.internal
+++ b/tools/doxygen/Doxyfile.core.internal
@@ -40,7 +40,7 @@
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER         = 5.0.0-dev
+PROJECT_NUMBER         = 5.0.0
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a