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.
