CIBC Square

Toronto, Canada

A major mixed-use development and transport hub at the heart of Toronto’s financial district for developer Ivanhoé Cambridge and Hines.

WilkinsonEyre has masterplanned three linked sites of 33,000m² for commercial use, adjacent to Union Station in Toronto. The masterplan provides twin 250m-high towers positioned on opposite sides of a rail corridor and linked at high level by a sky park. The overall development integrates closely with Toronto’s public transport system providing a new bus terminal for Metrolinx, as well as new connections into Toronto’s Union Station, subway and lightrail (LRT) systems.

The towers will form the new headquarters for CIBC Bank, extending Toronto’s financial district towards Lake Ontario creating a ‘campus-style’ development on Bay Street. 

Bridges and walkways will link directly into Union Station and the development will also extend and upgrade the existing PATH system and Bay Street East Teamway pedestrian networks.

The total development will be constructed in two phases to provide Grade A office and amenity space. The first phase, 81 Bay Street, is a 54-storey tower and associated podium, which includes approximately 18,580m² of trading floors as well as amenity spaces including restaurants, retail, conference facilities and the new bus terminal. A new one acre landscaped sky park spans the rail corridor connecting 81 Bay Street south of the rail corridor to 141 Bay Street.

Both towers feature a lightly folded glazed façade, creating a diamond pattern which repeats every ten storeys, adding a vertical scale and modulation contrasting with the surrounding buildings.

The construction of 81 Bay Street began in June 2017 and is due to complete in 2020. The overall development with CIBC as the anchor tenant is due for completion by 2023.

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