CIBC Square is an ambitious, 3-million square foot downtown campus being built right now in Toronto’s Financial District. It will include two state-of-art office towers and an urban park built over active rail lines. We chatted with Alison Kimmell, Director, at Hines to discuss this amazing, complex project.
Ivanhoe Cambridge started the project in 2007 by purchasing the land for the 81 Bay Street site and then worked to secure air rights, other parcels of land and negotiate an agreement with Metrolinx to build the new bus terminal.
In 2013 Hines came on board and worked with Ivanhoe Cambridge to find an architect. They held an international architecture competition and invited five different architects to propose a design for the project. Hines and Ivanhoe chose a design from London, England’s WilkinsonEyre for its innovative campus approach and strategy for phasing the project in. It’s one thing to come up with the design, but it’s very difficult to implement this scale of a project in downtown Toronto.
Alison also told us about CIBC Square’s ambitious park being built over the rail lands. It will be a spectacular amenity when completed.
CIBC Square will be incredibly well-connected to the rest of the downtown. It will have tons of PATH connections, it’s located right next to Union Station and the new GO bus terminal will be located right in the building.
The campus is will welcoming market-leading tenants to their facility when Phase 1 is completed in 2020, and more still when Phase 2 is finished in 2024.
We can’t wait for this amazing building to open its doors and take its place on our stunning skyline!