| CIBC Square | |
|---|---|
 CIBC Square in April 2025 | |
 Interactive map of CIBC Square | |
| Former names | Bay Park Centre |
| General information | |
| Status | Completed[1] |
| Type | Office building |
| Architectural style | Neomodern |
| Location | 81 & 141Bay Street, Toronto, Ontario, Canada |
| Coordinates | 43°38′39″N79°22′39″W / 43.64417°N 79.37750°W /43.64417; -79.37750 |
| Named for | CIBC |
| Groundbreaking | June 21, 2017 |
| Estimated completion |
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| Owner | |
| Height | 241.3 m (81 Bay St.)[2] |
| Technical details | |
| Floor count |
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| Design and construction | |
| Architecture firm | |
| Developer | |
| Main contractor | EllisDon |
| Other information | |
| Public transit access | |
| Website | |
| cibcsquare | |
CIBC Square (known during early stages of development asBay Park Centre)[3] is anoffice complex in theSouth Core neighbourhood ofToronto,Ontario, Canada. The complex, located onBay Street south of Front Street, is a joint development betweenIvanhoé Cambridge andHines.[3] It serves as the new global operational headquarters for theCanadian Imperial Bank of Commerce (CIBC), consolidating approximately 15,000 staff from several CIBC-tenanted buildings in theGreater Toronto Area, including its existing headquarters atCommerce Court.[4] The development also includes theUnion Station Bus Terminal constructed on behalf ofMetrolinx forGO Transit, as well as other inter-city bus services, connected directly toUnion Station,[5] and a one-acre park elevated over the rail corridor.[6]
The approximately 3,000,000 square feet (280,000 m2) complex will consist of two towers to be completed in two phases.[7]
The 49 storey south tower (81 Bay Street)[8] was completed first, built on the site of a former parking lot opposite theScotiabank Arena. This tower includes theUnion Station Bus Terminal for regionalGO Transit and inter-city bus services, replacing the former terminal on Bay Street. A pedestrianskybridge links the complex toScotiabank Arena andUnion Station, expanding thePATH walkway system further south below the railway corridor – to theOne Yonge Street complex and ultimately to the under-developmentSugar Wharf project on theLCBO lands farther east.[9] Attached to the tower is a four-storey podium housing CIBC's flagship retail bank branch.[10]
The 50 storey north tower (141 Bay Street) will be built on the site of the former GO Transit bus terminal, located behind theDominion Public Building. The north tower is currently under construction and scheduled for completion in 2025.[7]
At the fourth floor level, there is a one-acre, publicly accessible park, elevated over therailway corridor, with year-round activation and varied topography: slopes and hills, horticulture, gardens, shade groves, balconies, and vista areas.[6][11]
The fourth floor level also includes an operational food hall at 81 Bay Street, branded TABLE Fare + Social[12] and a future food and beverage offering at 141 Bay Street.
The overall complex was designed by British architectsWilkinsonEyre, andAdamson Associates of Toronto.[13]
The development is being co-led byIvanhoé Cambridge andHines using land acquired fromMetrolinx (as well as city-ownedToronto Parking Authority parking lot), and designed by British architectural firmWilkinsonEyre andAdamson Associates of Toronto.[4] 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.[14][15]
CIBC was announced as the anchor tenant of the south tower (81 Bay Street) in April 2017,[16] with construction beginning in June 2017.[17] The south tower was scheduled to open in 2020 but was delayed until summer 2021.[18] TheUnion Station Bus Terminal opened in December 2020.[19]
Construction on the north tower began in March 2021.[7] The north tower wastopped out in January 2025.[1]
81 BAY STREET
141 BAY STREET
