81-141 Bay Street

Rank 2022


Image Credit: Sierra Curtis/Metrolinx

Industry Sector: Buildings

Project Type: Public Spaces

Project Value: $2 billion

Funding Source: Public/Private

Province: Ontario

City / Region: Toronto

Estimated End Date of Substantial Completion: Phase 2 - 2023

The Bay Street project (CIBC Square) involves the construction of two new commercial buildings, joined by a one-acre elevated park over the rail corridor near Union Station in downtown Toronto.

A key component of the construction is the new Union Station Bus Terminal. Construction got underway on the terminal in June of 2017. The terminal will provide stronger connections for users of the rail and bus networks, and provide straightforward access to the Gardiner Expressway. The new terminal also includes over 1,000 bicycle parking spots and integrated green space.

The south tower was scheduled for completion by the end of 2020. However, at press time, there was no clear indication if the deadline would be reached. In March 2020, a modified site plan for the second building, 141 Bay Street, which will include accommodation for the potential future LRT along the Bay Street corridor.

Project Owner: Metrolinx and Ivanhoé Cambridge

Engineer: TMP (mechanical); Wood (consulting)

Contractor: EllisDon (general contractor)

Project/Construction Manager: Hines (project development)

Other Key Players: Arup (pedestrian modelling); INTECH Risk Management (advisor to developers); KPMG (advisor to Metrolinx for initial planning stage); Morrison Hershfield (building envelope consultant); WSP (sustainability consultants, geotechnical/environmental work); Cushman & Wakefield

Architect Names: Wilkinson Eyre Architects (design); Adamson Associates; HKA Architects (executive architect); DBOX

Legal: Torys (representing project owner)

2022 Rank: 36

2021 Rank: 30

2020 Rank: 27

2019 Rank: 24

2018 Rank: 24

2017 Rank: 22

2016 Rank: 22

2015 Rank: 22


Platinum Elite (20+ Projects)
Platinum (10-19 Projects)
Gold (6-9 Projects)
Silver (3-5 Projects)
Bronze (1-2 Projects)