Existing GO bus terminal to be demolished in December 2020, Phase 2 to start early 2021, Phase 1 occupancy expected Q1 2021. COVID is pretty much irrelevant to this project - full steam ahead!
CIBC SQUARE COMMUNITY OPEN HOUSE – NOVEMBER 26
In early 2021, construction to support Phase II of CIBC SQUARE –
141 Bay Street – will begin, with demolition of the existing GO bus terminal expected to start in December 2020. Once complete,
141 Bay Street will add 1.5 million square feet of office space in a 50-storey premier class AAA office tower. The new building will be connected to Phase I of CIBC SQUARE – also known as
81 Bay Street – by an elevated park that bridges across the rail corridor connecting the Financial Core to the Southcore and Waterfront neighbourhoods.
We invite you to join a
virtual open house to learn more about the next phase of construction at CIBC SQUARE
on Thursday, November 26, 2020 at 6:30 p.m. Please submit your
full name and e-mail address to
community@CIBCSQUARE.com to receive the invitation details.
We have also included a few commonly asked questions about what is upcoming below. We encourage you to submit any questions you have in advance of the event to
community@CIBCSQUARE.com to ensure we can address as many areas of interest as possible.
We look forward to virtually seeing many of you
on November 26th.
FREQUENTLY ASKED QUESTIONS: CIBC SQUARE PHASE II
What is being planned for Phase II construction at CIBC SQUARE?
141 Bay Street will add 1.5 million square feet of office space in a 50-storey premier office tower, anchored by incoming tenant CIBC. The new building will be connected to Phase I of CIBC SQUARE (
81 Bay Street) by an elevated public park that bridges across the rail corridor. Planned public realm improvements as part of the 141 Bay development include two pedestrian bridges connecting across Bay Street directly into Union Station and across Yonge Street directly into Backstage Condominiums, as well as a fully renovated pedestrian laneway connecting Yonge Street and Bay Street.
When will construction start?
Demolition is expected to start in December 2020, with shoring & excavation planned for February 2021. Construction of the second half of the park, the new tower and podium are expected to be complete in Q4 2024.
Will there be overnight work?
Overnight work remains necessary for the construction of several elements of our project. As we are building in an active rail corridor, we are not allowed to have construction personnel or equipment on the rail corridor when the trains are running on the tracks. This means we are only permitted to work at night, when train traffic has slowed. When overnight construction is necessary, we are committed to completing the work as quickly as possible and keeping our neighbours informed. We are working closely with our contractor, EllisDon, to expedite this work, and to reduce as much as possible the impact of the noise for our neighbours.
How loud will construction be?
While any construction site poses noise challenges, there are unique challenges with a project this complex. Much of the early work involves deep drilling to ensure that the building has a strong foundation. We commit to working with our neighbours to keep you informed and where possible take steps with our contractors to limit noise. We will make every effort to give advance notice when overnight or noisy construction is required.
Is Phase I (81 Bay Street) complete?
Construction of
81 Bay Street is nearing completion, with tower occupancy expected for Q1 2021. The new Metrolinx GO bus terminal at 81 Bay is also expected to open in December 2020. The first half of the elevated park and the
81 Bay Street food hall are expected to be completed in late summer 2021.
How do I join the open house on November 26th?
To join the open house
on November 26th, please submit your full name and e-mail address to
community@CIBCSQUARE.com and the invitation details will be sent to you. We encourage you to share any questions you have in advance to
community@CIBCSQUARE.com so we may address as many areas of interest in the meeting as time will permit.
How do I stay informed about what’s upcoming?
We are working closely with our neighbours as we proceed with construction on this project, and we are committed to keeping the community informed. The best way to stay informed is to register to receive regular construction updates and notices at
www.CIBCSQUARE.com/community. You may also contact us at any time at
community@CIBCSQUARE.com with comments or questions.
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