CIBC Square (known during early stages of development as Bay Park Centre) is an

office An office is a space where the employees of an organization perform Business administration, administrative Work (human activity), work in order to support and realize the various goals of the organization. The word "office" may also denote a po ...

complex in the South Core neighbourhood of

Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...

Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...

, Canada. The complex, located on

Bay Street Bay Street is a major thoroughfare in Downtown Toronto, Ontario, Canada. It is the centre of Toronto's Financial District, Toronto, Financial District and is often used by metonymy to refer to Economy of Canada, Canada's financial services indust ...

south of Front Street, is a joint development between Ivanhoé Cambridge and Hines. It serves as the new global operational headquarters for the Canadian Imperial Bank of Commerce (CIBC), consolidating approximately 15,000 staff from several CIBC-tenanted buildings in the

Greater Toronto Area The Greater Toronto Area, commonly referred to as the GTA, includes the Toronto, City of Toronto and the regional municipality, regional municipalities of Regional Municipality of Durham, Durham, Regional Municipality of Halton, Halton, Regional ...

, including its existing headquarters at

Commerce Court Commerce Court is an office building complex on King and Bay Streets in the financial district of Toronto, Ontario, Canada. The four-building complex is a mix of Art Deco Art Deco, short for the French (), is a style of visual arts, ar ...

. The development also includes the Union Station Bus Terminal constructed on behalf of

Metrolinx Metrolinx is a transportation agency in Ontario, Canada. It is a Crown agency that manages and integrates road and public transportation in the Greater Toronto and Hamilton Area (GTHA). It was created as the Greater Toronto Transportation Au ...

for GO Transit, as well as other inter-city bus services, connected directly to

Union Station A union station, union terminal, joint station, or joint-use station is a railway station at which the tracks and facilities are shared by two or more separate railway company, railway companies, allowing passengers to connect conveniently bet ...

, and a one-acre park elevated over the rail corridor.

Design

The approximately complex will consist of two towers to be completed in two phases. The 49 storey south tower (81 Bay Street) was completed first, built on the site of a former parking lot opposite the

Scotiabank Arena Scotiabank Arena (SBA), formerly known as Air Canada Centre (ACC), is a multi-purposed arena located on Bay Street in downtown Toronto, Ontario, Canada. It is the home of the Toronto Raptors of the National Basketball Association (NBA) and t ...

. This tower includes the Union Station Bus Terminal for regional GO Transit and inter-city bus services, replacing the former terminal on Bay Street. A pedestrian skybridge links the complex to

and

, expanding the

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walkway system further south below the railway corridor – to the One Yonge Street complex and ultimately to the under-development Sugar Wharf project on the

LCBO The Liquor Control Board of Ontario (LCBO, ) is a Crown agency (Ontario), Crown agency that retails and distributes alcoholic beverages throughout the Provinces of Canada, Canadian province of Ontario. It is accountable to the Legislative Asse ...

lands farther east. Attached to the tower is a four-storey podium housing CIBC's flagship retail bank branch. The 50 storey north tower (141 Bay Street) will be built on the site of the former GO Transit bus terminal, located behind the Dominion Public Building. The north tower is currently under construction and scheduled for completion in 2025. At the fourth floor level, there is a one-acre, publicly accessible park, elevated over the railway corridor, with year-round activation and varied topography: slopes and hills, horticulture, gardens, shade groves, balconies, and vista areas. The fourth floor level also includes an operational food hall at 81 Bay Street, branded TABLE Fare + Social and a future food and beverage offering at 141 Bay Street. The overall complex was designed by British architects

WilkinsonEyre WilkinsonEyre is an international architecture practice based in London, England. In 1983 Chris Wilkinson (architect), Chris Wilkinson founded Chris Wilkinson Architects, he partnered with Jim Eyre (architect), Jim Eyre in 1987 and the practice ...

, and Adamson Associates of Toronto. File:CIBC Square.jpg, CIBC Square Logo CIBC Square Office Lobby view 2022.jpg, Office Lobby CIBC Square Level 3 2022.jpg, Level 4 cafe and common area CIBC Square Level 3 Open Space 2022.jpg, Rooftop garden at Level 4 CIBC Square TABLE Fare + Social Food Hall inside 2023.jpg, TABLE Fare + Social Food Hall at Level 4 Bridge Access to CIBC Square 2021.jpg, Bridge access artwork by Nicolas Baier

History

CIBC Square from Harbour Street - 20190312

The development is being co-led by Ivanhoé Cambridge and Hines using land acquired from

(as well as city-owned Toronto Parking Authority parking lot), and designed by British architectural firm

and Adamson Associates of Toronto. Ivanhoe Cambridge bought 81 Bay Street (formerly 45 Bay Street) in 2007 and later acquired additional land and air rights over the rail corridor. In September 2014, Ivanhoe agreed with Metrolinx to build the new GO Bus Terminal at 81 Bay Street. CIBC was announced as the anchor tenant of the south tower (81 Bay Street) in April 2017, with construction beginning in June 2017. The south tower was scheduled to open in 2020 but was delayed until summer 2021. The Union Station Bus Terminal opened in December 2020. Construction on the north tower began in March 2021. The north tower was topped out in January 2025.

Key tenants

81 BAY STREET * CIBC is the anchor tenant of the complex. * Microsoft Canada has moved into the facility for its Canadian headquarters at 81 Bay Street from 1950 Meadowvale Boulevard in Mississauga. *

Boston Consulting Group Boston Consulting Group, Inc. (BCG) is an American global management consulting firm founded in 1963 and headquartered in Boston, Massachusetts. It is one of the "Big Three (management consultancies), Big Three" (or MBB, the world's three large ...

has its Canadian headquarters in CIBC SQUARE. * AGF Management is also leasing office spaces at 81 Bay Street. * TABLE Fare + Social occupies a portion of the fourth floor level. * The Union Station Bus Terminal is located at 81 Bay Street. It replaced a previous bus terminal located on the site where the north tower is being built (141 Bay Street). 141 BAY STREET * CIBC is also the future anchor tenant at 141 Bay Street. * The tower will also include a four-storey retail space.

References

External links

*
Hines webpage for CIBC SquareTABLE Fare + Social
(food hall on 4th level) {{Toronto skyscrapers Bank headquarters in Canada Buildings and structures in Toronto Modernist architecture in Canada Skyscrapers in Toronto Canadian Imperial Bank of Commerce Skyscraper office buildings in Canada Ivanhoé Cambridge Hines Interests Limited Partnership Buildings and structures under construction in Canada