81 Bay Street

81 Bay Street

A place for visionary people and bold ideas that transforms both the standard for community and the Toronto skyline.

Find Your Balance
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Find Your Balance
Optimally situated in the heart of downtown.
James Brittain
Thoughtfully designed interiors.
Rendering © 2015 DBOX: a branding & creative agency

81 Bay Street

A place for visionary people and bold ideas that transforms both the standard for community and the Toronto skyline.

The Button
Hovered Button
The Button
Optimally situated in the heart of downtown.
James Brittain
Thoughtfully designed interiors.
James Brittain
A work style that meets your lifestyle.
133281 Bay Street
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Ground Floor Lobby at 81 Bay Street.
133381 Bay Street
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The Canopy—our spacious tenant-exclusive sky lobby located on Level 4—offers exceptional collaborative spaces.
133481 Bay Street
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Complimentary Wi-Fi is available throughout CIBC SQUARE, which is certified WIRED™ Platinum for our best-in-class internet infrastructure.
133581 Bay Street
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The top-tier fitness centre, The Current, offers the latest in sustainability features.
Our Community

Interested in leasing?
leasing@cibcsquare.com

Development Updates
81 Bay Street
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Construction
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March 31, 2023
CIBC SQUARE Community Open House - April 5th

CIBC SQUARE Community Open House – April 5th

In early 2021, we began construction to support Phase II of CIBC SQUARE at 141 Bay Street, following the demolition of the old GO bus terminal which formerly occupied the site of 141 Bay. 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 current phase of construction at CIBC SQUARE on Wednesday, April 5th at 6:30 p.m.  Please pre-register to attend at the following link. A video conference link will be sent to all registrants closer to the date.

We’ve included a few commonly asked questions about what is ongoing and 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 April 5th.

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.

What is the construction timeline?
Work on the site of 141 Bay started in December 2020 with the demolition of the old GO bus terminal. To date, we have completed the majority of the below grade work and construction of the tower core is currently underway. Construction of the second half of The Park, the new tower and podium are expected to be complete in mid 2025.

When will overnight work end?
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 do I join the open house on April 5th?
To join the open house on April 5th, please register at the following link.  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. You may also contact us at any time at community@CIBCSQUARE.com with comments or questions.

March 7, 2022
Building Update

Dear Neighbours,

Below is a brief update on the CIBC SQUARE project.

CIBC SQUARE’s 81 Bay Street Office Tower and CIBC Tenant Space Achieve WELL Health-Safety Rating

WELL Certification Marks a Major Milestone for Toronto Development

TORONTO, March 7, 2022 – CIBC SQUARE, Toronto’s new innovative office complex by Ivanhoé Cambridge and Hines, today announced that it has earned a WELL Health-Safety Rating for their 81 Bay Street tower. Primary tenant CIBC has also received the health rating for their office space that is housed in CIBC SQUARE. Awarded by the International WELL Building Institute (IWBI) for its operational policies and protocols, community-centric design, and overall innovation, the designation recognizes CIBC SQUARE as a leader in health and safety, a notable achievement as tenants enter the forward-thinking space for the first time.

The achievement is only awarded to buildings and organizations that uphold the highest standard of employee health and well-being through IWBI’s rigorous third-party review. CIBC SQUARE includes features such as emergency preparedness programs, enhanced cleaning and sanitation procedures, installation of safety and educational signage, enhanced air quality, as well as advanced tenant engagement platform, all working together to make healthier workspaces.

“CIBC SQUARE will be one of the first office developments in downtown Toronto to open amidst the COVID-19 pandemic, and when tenants return we will be ready with the highest health, safety and security measures in place,” said David Hoffman, General Manager at CIBC SQUARE. “The WELL Health-Safety Rating underscores our commitment to being an industry leader in responsible health and safety operations and design. CIBC SQUARE’s elevated environment and people-first approach allow all occupants to thrive through work and wellness.”

For tenant CIBC, the WELL Health-Safety Rating ensures the safety of its clients, employees and the communities they serve when the new office space opens.

“Even before the pandemic, we had ensured the design of our office space within CIBC SQUARE adhered to the highest standards and represented the workplace of the future. We have long been committed to the health and safety of our team and clients, and our WELL Health-Safety Rating provides reassurance that we have prioritized their well-being and have the measures in place for today and tomorrow,” said Veni Iozzo, Executive Vice-President, Enterprise Real-Estate and Workplace Transformation.

Ivanhoé Cambridge and Hines’ WELL Health-Safety Rated designated properties have the highest operations and design standards, meeting the specific intents and requirements of the program. Ivanhoé Cambridge and Hines have already completed WELL rating labels for a number of their properties across North America.

To learn more about the WELL Health-Safety Rating, visit https://www.wellcertified.com/health-safety

May 19, 2021
Construction Update

Dear Neighbours,

Below is a brief update on the CIBC SQUARE project:

Construction at 81 Bay Street
Base building occupancy permits for the low rise and high rise floors at 81 Bay have been obtained from the City in late March / early April. Additionally, all floors have now been turned over to tenant contractors for fixturing in preparation for tenant occupancy later in the year. As per the current provincial directive, current amenity work (Fitness Centre and Food Hall) and tenant fixturing work at 81 Bay is suspended until the directive has been lifted. Other remaining construction work at 81 Bay includes the completion of the Overbuild Park, the Bay East Teamway, exterior landscaping and the Yonge Street abutment retrofit work which includes completion of the ramp to 81 Bay from Yonge Street.

Construction at 141 Bay Street
We have made significant progress at 141 Bay Street, with demolition of the old Metrolinx Bus Terminal now complete. Current work at 141 Bay Street involves drilling of the perimeter caissons on the north, south, and west edges of the property. These caissons will support the foundation of the building. Four drill rigs have been mobilized on site in order to complete this phase of work. To date, caisson work has progressed significantly along all property lines and is anticipated to be completed in June. Excavation and tieback drilling activities will be commencing shortly.

Overbuild Park
We have reached several construction milestones for the Overbuild Park and we are excited that Phase 1 of the park (south half) remains on track for completion in late summer 2021. Work on the Overbuild Park continues to take place overnight as it requires access to and above an active rail corridor and for safety, construction personnel and equipment are not permitted on the tracks while trains are running.

Crews have recently completed installing steel for the next phase of the park. Overnight, they continue to pour concrete for the park deck and a tower crane has also been added to the site to aid with the next phase of construction.

COVID-19 Protocols
Over the last year, we have worked with our base building and tenant contractors to ensure that enhanced safety measures are in place to safeguard the wellbeing of employees on-site. These include more portable handwashing stations; limiting the number of workers gathering in groups; staggered start times for subtrades; moving deliveries after hours; increased cleaning of all surfaces; and education of all teams on good hygiene, social distancing, and COVID-19 symptoms and protocols. We have also implemented mandatory twice-weekly rapid testing on-site.

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.

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 22, 2020
Construction Notice - Evacuation Drills and Exercises

Dear Neighbours,

On Sunday, November 22, Metrolinx and Hines will be conducting evacuation drills and exercises at 81 Bay Street, in preparation for the opening of the new Metrolinx GO Bus terminal on December 5th. The safety exercise is expected to utilize security alarms on-site, and as such, may generate some audible noise for our neighbours. We apologize in advance for any inconveniences, and appreciate your cooperation as this important safety exercise is conducted prior to opening the new facility.

If you have any questions about what’s planned, please feel free to reach out at community@CIBCSQUARE.com.

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.

February 10, 2023
Construction Notice

Construction Notice
Update: Yonge Street Viaduct Demolition + Extended Lane Closure

Dear Neighbours,

As you know, demolition of the Yonge Street viaduct is underway.  Crews are currently building the second half of the perimeter concrete edge beam of the wall to complete the project, and have identified additional work that will require access to Yonge Street to complete, including modifying traffic lights in the intersection and work on an adjacent overpass.

As a result of the additional works, the anticipated construction end date for this work has shifted to Saturday, April 8, 2023.

During this time, part of Yonge Street, from Lake Shore Boulevard to Front Street, will continue to be closed to facilitate the remaining construction activities. Presently, the two northbound lanes on Yonge Street, from Lake Shore Boulevard to Front Street will continue to be closed to facilitate the remaining construction activities. Two-way traffic will be maintained on the southbound lanes. Access to Esplanade has been reinstated to Yonge St.
To facilitate these new construction activities, the traffic will be switched between North Bound and South Bound lanes. The following schedule shows when the traffic will be switched on Yonge Street, from Front to Lakeshore.

Southbound Lanes closed (February 25th – March 10th)

Northbound Lanes closed (March 11th – March 24th)

Southbound Lanes closed (March 27th – April 8th)

We understand the impact of this closure on the neighbourhood, and crews are working as quickly as possible to complete the work safely.   We thank you in advance for your patience during this extended work period.  If you have any questions pleas reach out to us at community@CIBCSQUARE.com.

January 20, 2023
Construction Notice

Construction Notice
Update: Yonge Street Viaduct Demolition

Dear Neighbours,

As you know, demolition of the Yonge Street viaduct is underway.  We’re happy to update that we’ve completed building back the first half of the perimeter concrete edge beam of the wall, and will now move on to building the second half of the wall.

During the next phase of construction, the two northbound lanes on Yonge Street, from Lake Shore Boulevard to Front Street will be closed to facilitate the remaining construction activities. With the set-up in place, two-way traffic will be maintained on the southbound lanes. Additionally, there is no access to The Esplanade from Yonge Street and egress to Yonge Street from The Esplanade will be restricted.

Both the traffic flip on Yonge Street and closure of The Esplanade at Yonge Street are scheduled to take place on Monday, January 23, at 7:00 a.m. The anticipated construction end date is Friday, February 10.

We thank you in advance for your patience during this phase of construction. If you have any questions please reach out to us at community@CIBCSQUARE.com.

December 2, 2022
Construction Notice

Construction Notice
Update: Yonge Street Viaduct Demolition

Dear Neighbours,

As you know, demolition of the Yonge Street viaduct started this October.

We’re happy to update that we’ll be finishing demolition this weekend (December 3rd and 4th) and are moving on to the next phase of construction, which includes building back the perimeter concrete edge beam of the wall.  During this phase of construction, vehicle access to Yonge street will be maintained with some restrictions for the safety of workers and drivers.  Two lanes of traffic on Yonge Street will be reduced, with the northbound and southbound lanes switched to one side of the street.

This work is scheduled to take place Monday, December 5 to Friday, February 10, between the hours of 7AM to 10PM.

We thank you in advance for your patience during this phase of construction. If you have any questions about this next phase of construction, please reach out to us at community@CIBCSQUARE.com.

November 10, 2022
Construction Notice

Update: Yonge Street Viaduct Demolition

Dear Neighbours,

Demolition of the Yonge Street viaduct started on Friday, October 28, 2022. For the safety of area residents, visitors and workers on-site, demolition will continue to require a full closure of Yonge Street’s north and southbound vehicular and pedestrian lanes from Fridays at 7AM until Sundays at 10PM. Work will continue for six consecutive weekends and is expected to be completed by early December 2022.

The northbound and southbound lanes on Yonge Street will remain open during weekdays, operating normally in both directions.

We recognize the ongoing noise and environmental impacts of this work and continue to take steps to reduce those impacts wherever possible. Noise levels will unfortunately stay elevated during this period, which is why work is proceeding during daytime hours with a break each week. Also, whenever possible, we will keep mitigating dust by completing wire cutting and applying water to tamp down dust.

When are we working?
The following working hours remain in place at CIBC SQUARE:

Monday to Friday from 7AM – 10PM: Regular working hours at 141 Bay Street as permitted by the City of Toronto

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

Saturday from 9AM – 7PM: Regular working hours at 141 Bay Street as permitted by the City of Toronto

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.

September 6, 2022
Construction Notice

Construction Update

Dear Neighbours,

Below is a brief update on the CIBC SQUARE project:

Construction at 141 Bay Street

On the west side of the site, the P3 slab-on-grade has been poured and foundations walls & suspended parking slabs are in progress. The Tower core structure is currently being formed from L3-L4. On the east side of the site, footings are complete and areas of P5 slab-on-grade are ongoing. The erection of the tower crane on the east side of the site is complete.

The drilling of micropiles to reinforce the existing railway viaduct/bridge overtop of Yonge Street is complete. The pouring of a new shear wall encasing these elements is to follow shortly. The removal & abatement of waterproofing materials on top of the viaduct is currently ongoing. Once the latter two activities are complete, structural demolition of the viaduct can commence.

Overbuild Park

The remaining concrete topping work for the Overbuild Park is currently ongoing. As permitted by Metrolinx, this work continues to take place overnight for safety and security, for crews cannot be in the active rail corridor while trains are in operation.

Anticipated Work

Crews expect to start the structural demolition of the viaduct overtop of Yonge Street on the weekend of October 22, 2022. This work will require a full closure of Yonge Street (all northbound and southbound lanes) from Friday at 7:00AM until Sunday at 10:00PM continuing on consecutive weekends through November 26, 2022. Yonge Street will be reopened for traffic during the weekdays. Construction work is expected to occur during these weekends following the below times:

Fridays: 7:00AM to 11:00PM

Saturdays: 9:00AM to 10:00PM

Sundays: 9:00AM to 10:00PM

This scope of work will include elevated noise levels throughout the day. Increased dust will be mitigated by completing wire cutting and applying water to tamp down dust whenever possible. This work is required prior to the erection of a new, structural steel pedestrian bridge connecting 141 Bay to 1 Esplanade, which is set to take place in 2023

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.

July 21, 2022
Construction Notice

Dear Neighbours,

Please find below a brief update on the CIBC SQUARE project:

141 Bay Street

Construction at 141 Bay Street continues following the labour action disruptions in the month of May and the remobilization of forces in June. Excavation will be complete on the eastern half of the site for the end of July. Footings, columns, underground mechanical, and slab-on-grade work are progressing across the P3 and P5 areas of the project. Preparation for the foundation of the final tower crane near Yonge Street will be commencing with erection targeted for the end of the summer. The forming of the Tower core walls has progressed to Level 3. The next step in the superstructure is the placement of twelve large, structural steel nodes atop the Level 3 core wall starting at the end of July.

On the east side of the site, the overburden from the existing viaduct has been removed. The reinforcement of the existing viaduct is underway within the centre median of Yonge Street under the railway overpass. This work continues during extended daytime hours with partial lane closures and is targeted for completion in mid-August.

On the west side of the site, enabling works for the foundation of the bridge between 141 Bay and Union Station are targeted to start in August.

Overbuild Park

Crews have finished installation of structural steel & steel deck for the current phase of the Overbuild Park. The concrete topping work is being scheduled. To ensure safety, this work will take place overnight as it requires access to the active Metrolinx rail corridor – no construction personnel are permitted to work in the rail corridor when trains are in operation.

When are we working?
The following working hours are expected at CIBC SQUARE:

7AM – 10PM Monday to Friday: Regular working hours at 141 Bay Street as permitted by the City of Toronto

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

9AM – 7PM Saturday: Regular working hours at 141 Bay Street as permitted by the City of Toronto

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.

June 1, 2022
Construction Notice

Construction Update

Dear Neighbours,

Below is a brief update on the CIBC SQUARE project:

Construction at 141 Bay Street
Impacts of Ongoing Labour Action on Work at 141 Bay Street
Construction activities at 141 Bay Street, including excavation and concrete work, have been impacted by labour actions in the construction sector. Labour action by the Ontario Aggregate Trucking Association created a material shortage in the ready-mix concrete supply industry, affecting concrete pours on site. Labour action by the Ontario Dump Truck Association, created a shortage of dump trucks, resulting in delays for the removal of the final excavation elements from the site. Labour actions by the Local 793 International Union of Operating Engineers and Local 27 United Brotherhood of Carpenters & Joiners, caused a stoppage in the excavation and forming work. We are in the process of assessing the impact of the concluded labour actions to the construction timeline at 141 Bay Street.

After being impacted by the above labour actions, excavation and foundation work has resumed at 141 Bay Street. Final removals are taking place and footings have commenced. The forming of the Tower core walls has progressed to Level 1 and forming from L1-L2 commenced. A fourth tower crane has been erected in the central area of the site.

Overbuild Park
The next phase of construction for the overbuild park is ongoing. The steel decking to the upper level of the previously erected trusses is complete. The erection of last steel trusses in the northwest area is ongoing. To ensure safety, this work will take place overnight as it requires access to the active Metrolinx rail corridor – no construction personnel are permitted to work in the rail corridor when trains are in operation. This phase of work is expected to continue until June 2022.

COVID-19 Update
In accordance with changing public health guidelines, screening protocols for working on site have been revised. As a result, rapid testing and screening at the gate will no longer be required for workers to access the site. We will continue to follow guidelines set by Toronto Public Health, monitor the impact of any future COVID restrictions on construction timelines, and share any changes to anticipated construction work as required.

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.

March 7, 2022
Building Update

Dear Neighbours,

Below is a brief update on the CIBC SQUARE project.

CIBC SQUARE’s 81 Bay Street Office Tower and CIBC Tenant Space Achieve WELL Health-Safety Rating

WELL Certification Marks a Major Milestone for Toronto Development

TORONTO, March 7, 2022 – CIBC SQUARE, Toronto’s new innovative office complex by Ivanhoé Cambridge and Hines, today announced that it has earned a WELL Health-Safety Rating for their 81 Bay Street tower. Primary tenant CIBC has also received the health rating for their office space that is housed in CIBC SQUARE. Awarded by the International WELL Building Institute (IWBI) for its operational policies and protocols, community-centric design, and overall innovation, the designation recognizes CIBC SQUARE as a leader in health and safety, a notable achievement as tenants enter the forward-thinking space for the first time.

The achievement is only awarded to buildings and organizations that uphold the highest standard of employee health and well-being through IWBI’s rigorous third-party review. CIBC SQUARE includes features such as emergency preparedness programs, enhanced cleaning and sanitation procedures, installation of safety and educational signage, enhanced air quality, as well as advanced tenant engagement platform, all working together to make healthier workspaces.

“CIBC SQUARE will be one of the first office developments in downtown Toronto to open amidst the COVID-19 pandemic, and when tenants return we will be ready with the highest health, safety and security measures in place,” said David Hoffman, General Manager at CIBC SQUARE. “The WELL Health-Safety Rating underscores our commitment to being an industry leader in responsible health and safety operations and design. CIBC SQUARE’s elevated environment and people-first approach allow all occupants to thrive through work and wellness.”

For tenant CIBC, the WELL Health-Safety Rating ensures the safety of its clients, employees and the communities they serve when the new office space opens.

“Even before the pandemic, we had ensured the design of our office space within CIBC SQUARE adhered to the highest standards and represented the workplace of the future. We have long been committed to the health and safety of our team and clients, and our WELL Health-Safety Rating provides reassurance that we have prioritized their well-being and have the measures in place for today and tomorrow,” said Veni Iozzo, Executive Vice-President, Enterprise Real-Estate and Workplace Transformation.

Ivanhoé Cambridge and Hines’ WELL Health-Safety Rated designated properties have the highest operations and design standards, meeting the specific intents and requirements of the program. Ivanhoé Cambridge and Hines have already completed WELL rating labels for a number of their properties across North America.

To learn more about the WELL Health-Safety Rating, visit https://www.wellcertified.com/health-safety

February 22, 2022
Construction Notice

Construction Notice

Dear neighbours:

Below is a brief update on the CIBC SQUARE project:

Construction at 141 Bay Street

Construction at 141 Bay Street continues to progress as crews excavate and build the foundations of the building. Excavation on the eastern portion of the site has reached P5. The forming and pouring of core concrete foundations in the central area of the site is complete and the vertical core walls are complete to P2. The footing for a fourth tower crane is in progress with crate erection targeted for the end of February. The forming of the early logistics slab at grade has been completed to Yonge Street.

Overbuild Park

The next phase of construction for the overbuild park is ongoing. The erection of new steel trusses is complete, the lower-level steel decking has been installed, and the concrete topping at this level has been poured. To ensure safety, this work will take place overnight as it requires access to the active Metrolinx rail corridor – no construction personnel are permitted to work in the rail corridor when trains are in operation. This phase of work is expected to continue until May 2022.

When are we working?

The following working hours are expected at CIBC SQUARE starting Tuesday, February 22nd and in effect until June 30, 2022:

7AM – 10PM Monday to Friday: Regular working hours at 141 Bay Street as permitted by the City of Toronto

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

9AM – 7PM Saturday: Regular working hours at 141 Bay Street as permitted by the City of Toronto

January 26, 2022
Construction Notice

Construction Update

Dear Neighbours,

Below is a brief update on the CIBC SQUARE project:

Construction at 141 Bay Street
Construction at 141 Bay Street continues to progress as crews excavate and build the foundation of the building. Excavation on the eastern portion of the site continues downward to P5. The forming and pouring of core foundations in the central area of the site is complete and the vertical core walls are ongoing. The forming of the early logistics slab at grade has progressed to Yonge Street.

Overbuild Park
The next phase of construction for the overbuild park has commenced with the erection of new steel trusses. To ensure safety, this work will take place overnight as it requires access to the active Metrolinx rail corridor – no construction personnel are permitted to work in the rail corridor when trains are in operation. This phase of work is expected to continue until May 2022.

COVID-19 Update
We take the health and safety of all workers at CIBC SQUARE very seriously.  In addition to closely following all public health guidelines, we are conducting regular rapid testing of workers onsite as an additional screening measure.  We continue to monitor the impact of COVID restrictions and absences of critical manpower on construction timelines and will share any changes to anticipated construction work and timelines as required.

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.

Contact

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

marketing@cibcsquare.com
Eric Shaw
CUSHMAN & WAKEFIELD
Ruby Paola
IVANHOÉ CAMBRIDGE
141 Bay Street
141 Bay Street
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