Skip to main content
Enable accessibility for
visually impaired
Open the accessibility
menu
81 Bay Street
141 Bay Street
141 Bay Street

Where work and wellness meet.

In pursuit of WELL PlatinumTM certification, 141 Bay Street considers its community’s well-being when designing each feature. 141 Bay Street at CIBC SQUARE will set the highest standards for sustainability, wellness, transportation, and accessibility to transform the quality of life for our community members.

Looking to Lease?
Leasing Inquiry
Rendering © 2015 DBOX: a branding & creative agency
Entrance and interior staircase leading to the sky lobby and The Park.
Rendering © 2015 DBOX: a branding & creative agency
141 Bay Street at dusk.
Community Amenities & Services
1
Greenspaces

Experience the many benefits offered by our one-acre park. Enjoy seasonal activities or have an open-air meeting with coworkers in The Park.

2
Elevated Features for Every Sense

To provide cleaner air, encourage hydration, nourishing food and improve the environment, CIBC SQUARE offers state-of-the-art ventilation systems, high-efficiency water filters and a variety of dining options. Each level offers natural sunlight that enhances focus and sense of well-being.

3
First-Class Fitness Facility

Offering a holistic, environmentally-friendly approach to fitness, personalized nutrition coaching, fitness classes, and unique activations.

4
Community Member Engagement Experience

Enjoy all that CIBC SQUARE has to offer through thoughtful community management, hotel-inspired concierge services, and the community-exclusive engagement platform, mySQ.

5
Exceptional Support for Alternative Transportation

To ease transitions between biking, walking, and important meetings, we offer over 45 conveniently-located showers in well-appointed change rooms.

6
Wellness Through Art

Fostering a sense of community and connection, 141 Bay Street offers sweeping views of Toronto’s lauded architecture, a notable art collection and programming at The Park.

Features & Specs
Features & Specs

For details on last remaining space, email leasing@cibcsquare.com

info@cibcsquare.com
Lee Blinkoff
CUSHMAN & WAKEFIELD
Eric Shaw
CUSHMAN & WAKEFIELD
Charlie Musgrave
IVANHOÉ CAMBRIDGE

For media inquiries, contact media@cibcsquare.com

Opening 2024
Opening 2024
Opening 2024
Opening 2024
Opening 2024
Opening 2024
Key Features
1
Test Fits

To ensure flexibility, maximal space, and workflow, we have tested our floor plates for a variety of layouts.

High Rise
High Rise
141 Bay Street — High Rise
141 Bay Street — Mid-High Rise
141 Bay Street — Mid-Low Rise
141 Bay Street — Low Rise
141 Bay Street — Podium
Floors
41-50R
SF
33,000 SF
Floor Plate
Open
High Density
Legal Firm
2
Views

Experience extensive and unimpeded views of the city including Lake Ontario and Toronto Island to the South and CN Tower to the West. Take in the view from Level 45 using our 360-degree panorama.

3
Efficiency

We create comfortable, beautiful, naturally well-lit spaces that enhance your productivity and incorporate cutting-edge, environmentally-friendly features that preserve the productivity of our planet and protect our vital resources.

81 + 141 Bay Street
Efficiency & Sunlight
HVAC
Dimensions

Each floor features stunning floor-to-ceiling windows with acoustically optimized glass that reduces noise distractions and offers vast views. The glass also draws natural light and airiness into every office, while enhancing focus.

Rendering © 2015 DBOX: a branding & creative agency
4
Sustainability

CIBC SQUARE is designed to deliver a healthier, greener, and more enjoyable environment to maximize the human experience and promote well-being.

Find out more about our commitment to sustainability.

5
Certifications

We are certified Platinum status for LEED®, WIRED & WELL Building StandardsTM to bring the finest technology, wellness, and sustainability features.

LEED CANADA
WIRED
WELL®
A wellness focused workplace
1/5
Flexible spaces and easily-accessible Wi-Fi can be found throughout CIBC SQUARE.
Development Updates
141 Bay Street
/
Construction
March 31, 2021
Ivanhoé Cambridge and Hines Break Ground on CIBC SQUARE's Second Tower in Toronto

Phase Two is Underway and Set to Redefine Toronto Through Innovation and Inspiration

TORONTO, ON, March 31, 2021 - Ivanhoé Cambridge and Hines officially broke ground on CIBC SQUARE’s second tower located at 141 Bay Street in Toronto’s Financial District. Construction on the 50-storey office tower is scheduled to be completed in 2024. Phase One of the project led to the opening of the new Union Station Bus Terminal at the end of 2020 and first tower at 81 Bay Street is set to open its doors this year.

Once complete, the development will consist of two towers connected by a one-acre, elevated park. In Phase Two of the project, at 141 Bay Street, the office tower, elevated park and PATH connections to Union Station and East of Esplanade through Backstage Condominium will be completed. The 1.5 million-square-foot office building at 141 Bay Street will contribute to CIBC SQUARE's total 3 million square feet of commercial space in Toronto's Financial District.

CIBC is the lead tenant of CIBC SQUARE. “Our new home will accelerate the future of work with a modern, flexible and inclusive environment that is uniquely designed to curate client and workplace experiences focused on our purpose – to help make our clients ambitions real,” said Veni Iozzo, Executive Vice President, Enterprise Real Estate and Workplace Transformation, at CIBC. “We are very excited to welcome our team and new neighbours to CIBC SQUARE Phase One later this year.”

“Ivanhoé Cambridge is delighted to continue to develop Toronto’s skyline with Phase Two of CIBC SQUARE through the construction of 141 Bay Street. Phase One, 81 Bay Street has brought our vision of a city-defining office complex for human-centered services and sustainable design solutions to life, all to deliver the highest tenant experience. We are excited to see 141 Bay Street further define the future of office experience for tenant partners and the community,” said Jonathan Pearce, Executive Vice President, Leasing & Development, Office & Industrial, North America at Ivanhoé Cambridge.

"We are thrilled that we are breaking ground on the second tower of CIBC SQUARE. The second tower at 141 Bay Street, in particular, has been designed to elevate the human experience through health and wellness. The building’s green areas, spacious one-acre park, enhanced air quality, and thoughtfully appointed amenities reflect a commitment to one’s health, safety and security," said Avi Tesciuba, Hines Canada Country Head.

"141 Bay Street is set to seamlessly complement 81 Bay Street and our overall goal of creating a next-generation environment that will elevate all of the city's offerings while setting a tone for the future. The building is being engineered to LEED® platinum standards and is pursuing WELL Building Standard™ certification and will connect the city to a new international standard of office," said David Hoffman, General Manager at CIBC SQUARE.

"CIBC SQUARE is an exciting project for our team as it is WilkinsonEyre's first project in Toronto. The building will have a lightly folded glazed facade and create a diamond pattern every 10 storeys, to add a vertical scale and modulation contrasting with the surrounding buildings. The completion of Phase Two will set a benchmark for the city with the destination's vibrant, technically and socially advanced architecture, which will benefit the city for decades to come," said Dominic Bettison, Director at WilkinsonEyre.

About CIBC SQUARE

CIBC SQUARE epitomizes the best of everything Toronto has to offer. Comprising two highly innovative office buildings, the downtown urban destination will offer cutting-edge office and collaborative spaces. At 49 and 50 storeys, it will offer expansive views of Lake Ontario and Toronto's skyline. CIBC SQUARE will be home to Toronto's latest food hall set to open in late 2021.

The signature amenity of CIBC SQUARE is a one-acre elevated park, spanning one of North America's busiest railways to connect the two buildings at the 4th floor level. The project was designed by architect firms WilkinsonEyre and Adamson Associates to exceed mechanical, electrical and security expectations. The complex will attain LEED Platinum Core & Shell certification, WELL Certification and WiredScore Platinum accreditation.

About Ivanhoé Cambridge

Ivanhoé Cambridge creates a sustainable impact with its comprehensive urban solutions focused on people’s needs. The company develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities while reducing its environmental footprint.

Ivanhoé Cambridge invests alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,100 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held close to C$60.4 billion in real estate assets as of December 31, 2020, and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 225 cities in 25 countries. Hines has approximately $144.1 billion¹ of assets under management, including $75.5 billion for which Hines serves as investment manager, including non-real estate assets, and $68.6 billion for which Hines provides third-party property-level services. The firm has 165 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,426 properties, totaling over 472 million square feet. The firm’s current property and asset management portfolio includes 576 properties, representing over 246 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world.

Since the launch of its Canadian operations in 2004, Hines has developed, acquired and/or managed over 13 million square feet of signature projects representing a wide variety of product types -- from city-defining office buildings to retail, residential and mixed-use developments. With offices in Toronto, Calgary, and Edmonton, and over 97 employees, the team’s track record of economic value creation, investment stewardship, engineering excellence, advanced building design technology and architectural achievement continues to attract leading investors, clients and partners to help reshape Canada’s skylines.

Visit www.hines.com for more information. ¹AUM includes both the global Hines organization as well as RIA AUM.

SOURCE CIBC SQUARE

For further information: Jennifer Dunsmore, Pomp & Circumstance PR, 519-820-6242, jennifer@pomppr.com

Related Links

www.cibcsquare.com

www.ivanhoecambridge.com

www.hines.com

CIBC SQUARE – 141 Bay Street renderings can be downloaded HERE.

Rendering © 2015 DBOX: a branding & creative agency
March 26, 2021
Construction Notice - Fire Alarm Test

Good morning neighbours,

Please note that an inspector is onsite at 81 Bay this morning, and has requested that we test the fire alarm system. As a result, we will be sounding alarms for the next 1-2 hours, as required by the inspector to ensure the building life safety systems are in order for the upcoming phase of building occupancy.

Our Security and Life Safety partners remain in frequent and proactive communication with the City of Toronto to try and minimize the impact of this mandatory testing on our neighbours as much as possible.

Thank you for your understanding.

March 23, 2021
Construction Update

Dear neighbours,

Below is a brief update on the CIBC SQUARE project:

Construction at 81 Bay Street

As we near completion of Phase I of CIBC SQUARE at 81 Bay Street, please note that there will be periodic testing of building fire alarms by City inspectors, which is mandatory for occupancy. This testing will be completed during daytime working hours.

Overbuild Park

We have reached several construction milestones for the overbuild park, with Phase 1 of the overbuild park expected to be complete in late summer 2021. Steel installation and concrete pouring also continues as the park extends from 81 Bay Street towards the future 141 Bay Street building. This work continues to take place overnight as it requires access to the active rail corridor. For safety, construction personnel and equipment are not permitted while trains are running on the tracks, requiring work to proceed overnight when trains are not in operation.

Construction at 141 Bay Street

Demolition of the old Metrolinx bus terminal is ongoing, as it sits on the site of the future 141 Bay Street building. This work is anticipated to continue through the week of March 22, 2021. Crews will also start drilling and caisson work at 141 Bay this week, which is expected to take place during the daytime working hours over the next three months.

When are we working?

The following regular working hours are expected at CIBC SQUARE:

7AM - 7PM Monday to Friday: Regular working hours at 81 Bay Street and 141 Bay Street.

11PM - 5AM Monday to Saturday: Overnight work in the rail corridor for the park overbuild.

9AM - 7PM Saturday: Regular working hours at 81 Bay Street and 141 Bay Street.

We thank you in advance for your patience during this phase of construction. For any questions or comments, please email us at community@CIBCSQUARE.com.

December 15, 2020
Construction Update

Dear neighbours,

Below is a brief update on the CIBC SQUARE project:

Construction at 81 Bay Street

As we near completion of Phase I of CIBC SQUARE, 81 Bay Street, we have accomplished a number of key milestones. We have turned over majority of the office floors to the incoming tenants to install fixtures and tailor finishings in preparation for occupancy, as well as completed dismantling some of the equipment on site, including one of two cranes and the man and material hoist we used along the outside of the building. The curtain wall is also nearly complete, with exception of the crane and hoist infills. Our crews are now focused on dismantling the last tower crane and completing the building’s core elements, including elevator and escalator installation, landscaping and installation of planned public artwork. Looking ahead, we expect low-rise floors to take occupancy at 81 Bay Street in February 2021, with higher floors slated for March 2021, and the food hall expected to open in Q3 2021. These timelines are subject to change based on actual progress on-site.

We’re also pleased to announce the Metrolinx Bus Terminal has opened at 81 Bay Street. More information about the new terminal is available here: https://www.gotransit.com/en/stations-stops-parking/union-station-bus-terminal

Overbuild Park

As Phase 1 work for the overbuild park proceeds, we’re also excited to share that we’ve completed several areas of work, including: installation of all 45 foundations and caps, installation of the maintenance deck, tree cells and concrete slabs, concrete curbs, fireproofing and the pavilion curtain wall. Ongoing work includes waterproofing and heat tracing, as well installation of guardrails and decking. Phase 1 of the overbuild park is expected to be complete in late summer 2021.

Work for Phase 2 of the park will include structural steel installation as well as installation of the underside metal deck. This work requires access to the active rail corridor, and as such, for safety this work will proceed overnight when trains are not in operation.

Upcoming construction at 141 Bay Street

Demolition of the existing structure at 141 Bay street has commenced. This demolition will prepare the site for shoring and excavation work targeted to begin in February 2021.

Community Open House

We recently hosted a virtual open house to address questions related to current construction and upcoming plans for 141 Bay Street. For those who missed the presentation, below are some of the topics addressed:

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 started 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. 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 now open and operational. The first half of the elevated park and the 81 Bay Street food hall are expected to be complete in Q3 2021.

Will there be any retail stores in the CIBC SQUARE buildings, other than food, similar to the office buildings currently in the PATH?

Given planned retail space is limited, we have prioritized food & beverage offerings for the employees of the building and the community. We may also include select service retail offerings, such as dry cleaning, within the teamway in the future.

Will the public have 24/7 access to the elevated park once it’s completed?

At a minimum, public access to the elevated park will be from 6am – 10pm (7 days per week) in the summer months, and from 7am – 9pm (7 days per week) in the winter months. Hours for special dates and events will be addressed on an as-needed basis.

Will dogs be allowed in the park?

While we are still finalizing pet access and park operations, there will be a dedicated relief area for service dogs as part of the complex.

Will there be a connection to Pinnacle (33 Bay/12 Yonge/ 16 Yonge) from the new buildings?

No direct connection to Pinnacle is currently planned. At this time, we are unsure whether future developments may include connections to Pinnacle.

How will you address overnight safety in the building and in the park?

The park will be closed during the night. We are in the process of finalizing the safety and security plan for the building, however there will be a holistic plan in place with 24/7 security.

Will there be public car parking?

There will be approximately 350 parking spaces, the majority of which will be reserved for CIBC SQUARE tenants. There will also be public paid parking after-hours, such as for events at Scotiabank Arena.

Contact Us

We remain committed to keeping the community informed as we proceed with construction at CIBC SQUARE. Please contact us at any time at community@CIBCSQUARE.com with comments or questions.

November 16, 2020
Open House Invitation

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.

Features + Specs

On top of exceeding expectations architecturally, mechanically, and technologically, we enhance your experience sustainably, with a focus on wellness and everyday comfort.

We prioritize health and the environment with ample bicycle parking, chilled water taps, exceptionally designed staircases that inspire use, and more. From technology that maintains superior indoor-air quality to fixtures that reduce water and energy consumption, CIBC SQUARE is engineered to support wellbeing and provide environmentally-sound solutions.

Parking / Security

500+ bicycle parking spaces for community members and guests

CCTV surveillance located throughout all common areas and entry points

24/7 card access and staffed onsite security

300 underground parking spaces, 1 per 5,500 SF of office space

Environmental / Sustainability / Technology

Pursuing WELL Building Standard™ Building certification

Certified WIRED™ Platinum for best-in-class internet infrastructure

Engineered to LEED™ Platinum (core and shell) standards

Architecture
Floors

50

Total rentable area

1,400,000 SF (BOMA 1996)

Typical low-rise floor plate

31,000 SF

Typical high-rise floor plate

33,000 SF

Typical podium floor plate

55,000 SF

Office ceiling height

9’6” typical clear ceiling height

Podium ceiling height

12’0” typical clear ceiling height

Podium floors

Raised floor for power and data distribution

Floor plate

42’ column-free core to glass span

Egress

Stairs designed for 75 SF per person on the podium and 125 SF per person on the balance of the tower

Elevators

Destination dispatch system

4 low-rise passenger elevators to the high-density floors (Levels 6-7)

8 high-rise passenger elevators

8 low-rise passenger elevators

4 parking shuttle elevators

8 mid- to low-rise passenger elevators

2 tower freight elevators

1 podium freight elevator

8 mid- to high-rise passenger elevators

Sustainability Features

40% reduction of energy costs compared to a typical, similar new building as outlined by the Model National Energy Code for Buildings, a Canadian energy standard

A submetering system allowing community members to receive feedback on their own energy consumption

Mechanical systems designed to exceed minimum volume of outside air as established by ASHRAE Standards

Thermal comfort in alignment with the latest version of ASHRAE Standards

Highly efficient air filtration systems installed on all mechanical equipment

Low volatile organic compounds (VOCs) building materials to support superior indoor air quality

Floor plates designed with high-quality access to natural daylight and views

Maximal use of green roof areas

Enhanced control of humidification and dehumidification to maintain comfortable indoor humidity

Demand-controlled ventilation systems

Increased duct protection during construction 

Promotes stair use via increased lighting and artwork

500+ bicycle storage racks in close proximity to transit and shower facilities for community members

High-efficiency water fixtures that reduce consumption by more than 40% compared to typical fixtures

Mechanical / Plumbing

Option to provide after-hours HVAC on an individual floor-by-floor basis

Offers efficient diversity of air distribution utilizing 29 zones per typical tower floor

Chilled water taps provided for community members 24-hour supplemental cooling needs

Building designed to code +1 washroom capacity to allow maximum densification if needed (designed for 100 SF per person on a typical office floor)

Office/high-density floor (outdoor air) ventilation equal to 20 CFM per person

HVAC designed to handle 100 SF per person on a typical office floor and 75 SF per person on a podium floor

Amenities

A one-acre-plus park for community member use

First-class fitness facility

Distributed antenna system for reliable cellular coverage

Dedicated conference centre

Collaborative work and meeting areas

Bicycle parking for 500+

Restaurants and a curated Food Hall connected to The Park

Showers and change-room facilities (14 per gender)

Free Wi-Fi in all building amenity areas, including The Park

Electrical / Lighting

Dual feeds from Toronto Hydro substation for maximum reliability

Occupancy and daylight harvesting sensors provided on all floors

High efficiency community member lighting providing 40 candles at desktop height

Typical tower floors supplied with 6.0 watts per SF