About Us
The Development
Renderings © 2015 DBOX: a branding & creative agency

Through a partnership between Ivanhoé Cambridge and Hines, architects WilkinsonEyre and Adamson Associates designed 2 world-class towers totalling 3 million square feet that house an art program and an elevated park that is open to the public. CIBC SQUARE is designed to bring people together and offer exceptional, forward-thinking features and amenities. It is a groundbreaking accomplishment that connects the Financial Core to the South Core and Waterfront. The Park, which spans over the rail corridor, is the first of its kind in Canada.

More than being green

CIBC SQUARE is redefining Toronto by creating much more than physical spaces. We believe that we have the responsibility to create an experience uniquely centered around humans to work, engage, and explore. CIBC SQUARE integrates wellness features for every sense—the air you breathe, the sounds you hear, the food and water we offer, the spaces you interact with, and the environment that surrounds you.

The first of its kind in Toronto (and beyond), CIBC SQUARE is a place where a holistic approach to personal well-being and green principles come together to meet and enhance your lifestyle.

Designed with sustainability and wellness in mind

State-of-the art ventilation systems utilizing MERV-14 filters provide you with clean and high-quality indoor air by industry standards while incorporating opportunities for future improvements, like accommodating additional carbon filters.


Our spaces emit low ambient noise from mechanical systems that meet the highest requirements for interior, unoccupied areas, preserving long-term hearing benefits for you.


We offer our community members an enhanced and progressive recycling system that collects and disposes of items such as batteries, lamps, and electronic waste.


CIBC SQUARE is committed to fostering sustainability, digital connectivity, and well-being for all of our community members. We’re showing our dedication by pursuing the highest attainable certifications: LEEDⓇ and Wired Platinum.

141 Bay is also pursuing WELL Building Standard™ certification, reflecting our focus on prioritizing people’s health and wellness in building design, construction, and operations and making it the first triple-platinum building in Toronto.


CIBC SQUARE supports neighborhood connectivity through walkability, direct access to Union Station (adjacent to GO Transit, TTC, and VIA Rail Canada), and over 500 secure bicycle parking spots, with 28 dedicated showers. A first-class fitness facility with extensive programming, 20 showers, changing rooms, and locker access is also available to community members.


Our floor plates have been specifically designed to give you access to maximal daylight and views of the outdoors while reducing energy consumption via the buildings’ high-performance glazing. Additionally, lighting designs that enable natural light offer an environment that can enhance your visual, mental, and physical health, and even elevate your mood and productivity.


Our buildings utilize high-efficiency water filters, regular monitoring, rainwater collection, and treatment that not only reduce water consumption by over 40% but eliminate harmful and unwanted pollutants for our community members.


CIBC SQUARE leads Toronto in the largest reduction of greenhouse gas emissions city-wide and energy cost consumption is well under the LEED and ASHRAE requirements.* The buildings also contain smart metering technology that monitors real-time energy consumption and provides a feedback loop for conservation initiatives.

In support of eco-friendly methods of transportation and sustainability, the buildings offer occupants advanced parking stalls, of which 20% are dedicated Electric Vehicle Charging Stations.

*39.49% energy cost reduction over ASHRAE 90.1 baseline. (5% reduction over ASHRAE is required to qualify as LEED v4 building for Core & Shell projects)

59% reduction in GHG (kg CO2) emissions versus comparable buildings in Toronto. (reviewed existing/new building stock in Toronto using Energy Star Target Finder database)


Our spaces contain features intended to inspire your delight, celebrate culture, spirit, and place, as well as integrate meaningful public art.


CIBC SQUARE utilizes sophisticated interior design methodologies, native building materials, and eco-friendly amenities to create comfortable, safe, and thoughtfully-appointed environments to carry out work, take a break, or connect.


The Park, a one-acre public space, sits four storeys above street level and spans over the rail corridor, providing an open space with landscaping, seating, and an unimpeded view of Toronto’s skyline. The first of its kind, The Park connects you with nature throughout the year and acts as a linked pathway between 141 Bay Street and 81 Bay Street.

The buildings’ natural features include indoor and outdoor greenery, meticulous spatial planning that lets in natural daylight, uses organic materials, and an array of biophilic elements vital to creating a rejuvenating ambience that provides you with access to nature from within and outside the towers.


Our campus includes gender-neutral washrooms, a library of resources that focus on mental and physical health, 10 accessible parking spots, a support dog relief area, and complimentary Wi-Fi in order to reinforce our commitment to create a sense of belonging and equity for our communities.

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

Sustainability is more than being green—it’s about people. CIBC SQUARE is the new international standard of community. We are Toronto, redefined.

Press & Media
CIBC SQUARE Wins Development of the Year at REX Awards
April 26, 2022

This month, the NAIOP Greater Toronto Chapter’s Real Estate Excellence (REX) Awards returned for its 20th year, doling out some of the industry’s most prestigious distinctions.

A number of Toronto developments took home top prizes, including the new two-tower downtown landmark CIBC SQUARE, which was named as the Office Development of the Year as well as the overall Development of the Year.

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Nick Wons
A Downtown Forest: Steve Driscoll at CIBC SQUARE
Jeff Jamieson
August 30, 2021

Toronto’s downtown core lacks the sprawling wilderness that Canada is known for. But for CIBC SQUARE by Ivanhoé Cambridge and Hines – of which a 49-storey, 1,500,000-sq.-ft. office tower is set to open, the first phase of a three million square foot downtown Toronto campus — the architectural team of WilkinsonEyre and Adamson Associates commissioned painter Steve Driscoll to bring a hint of the Northern Boreal forest into a tower of concrete, steel and glass.

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Further Excavation and Cranes Rising at CIBC SQUARE North Tower
image by NorthshoreCit
August 30, 2021

The CIBC SQUARE office complex by Hines and Ivanhoé Cambridge continues to make progress in Downtown Toronto's financial district.

The south tower, which recently began to welcome tenants, stands 49 storeys above the corner of Bay and Lake Shore, while the north tower, for which land is currently being excavated, will stand 50 storeys above Bay Street, just south of Front Street.

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CIBC leads record green loan for second phase of namesake tower
Rendering © 2015 DBOX: a branding & creative agency
August 30, 2021

Canadian Imperial Bank of Commerce led a syndicate of lenders providing a $780-million (US$642 million) green loan that will finance the second phase of construction of the CIBC SQUARE office complex in Toronto.

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CIBC SQUARE is Defining the Future of the Workplace in a Post-COVID World
Rendering © 2015 DBOX: a branding & creative agency
August 30, 2021

CIBC SQUARE, which is one of the first major office developments in downtown Toronto poised to open amid the pandemic, is prepared to safely welcome back tenants once restrictions lift and tenants are ready to return to the office.

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Steve Driscoll Artworks Grace First Phase CIBC SQUARE Lobby
Steve Driscoll Studios
August 30, 2021

To grace the office tower lobbies, the project team commissioned esteemed Toronto-based painter Steve Driscoll to bring Canada's northern boreal forest into this tower of steel and glass in an unprecedented way.

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Pedestrian bridge in Toronto features an etched glass wall that lights up the night sky
August 30, 2021

The public-facing art project is part of the recently-opened Bay Street Bridge, and it was created by Montreal-born artist Nicolas Baier.

The bridge's large-scale contemporary art project is called the Mycelium, and its design consists of an LED etched glass wall on one side that is publicly visible through glass windows on the other.

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A new pedestrian bridge in Toronto just got an electrifying public art piece
August 30, 2021

One of the newest additions to the Toronto bridge scene — a pedestrian bridge along Bay Street — just got an electrifying new public art piece.

Connecting the Scotiabank Arena and Union Station Bus Terminal to the new CIBC SQUARE building, the recently opened bridge features a striking, light-up art piece in its walls that can be viewed from those inside the bridge and by those passing down below.

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Topping Off March 2021: What Was Hot on UrbanToronto
Rendering © 2015 DBOX: a branding & creative agency
August 30, 2021

Another month of Toronto city-building, transportation, and real estate talk is now behind us, so we are rounding up the hottest stories, project Database files, and Forum discussions from March, 2021.

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Tower 2 breaks ground at CIBC SQARE in Toronto
Tower 2 breaks ground at CIBC SQARE in Toronto
August 30, 2021

The 1.5-million-square-foot second tower at the CIBC SQUARE development in downtown Toronto has broken ground and is scheduled for completion in 2024.

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