Who Owns CIBC Square?

CIBC Square was jointly developed by Hines and Ivanhoé Cambridge as a major mixed-use development in downtown Toronto. The project was designed by British architectural firm WilkinsonEyre and Canadian firm Adamson Associates, creating a modern development that seamlessly integrates cutting-edge design with a strong emphasis on work, wellness, and sustainability. This collaborative vision demonstrated exceptional insight into the growing demand for integrated mixed-use developments while establishing a distinctive real estate concept that would define urban development for generations.

The development was built on land acquired from Metrolinx and the city-owned Toronto Parking Authority, strategically positioned adjacent to Union Station, Canada's busiest transportation hub. This location provides direct enclosed pedestrian access to Union Station and Toronto's extensive underground PATH walkway system. This strategic site selection demonstrated exceptional understanding of urban connectivity and transportation integration while establishing a competitive advantage in the Toronto real estate market.

The first tower, 81 Bay Street, opened in 2021 and features office space, retail, and amenities designed for the modern workplace. The tower was designed to support flexible work arrangements and includes state-of-the-art spaces and amenities for tenants and visitors. This successful opening demonstrated the development's exceptional ability to deliver high-quality mixed-use space while maintaining consistent design standards and operational excellence.

Construction continued on the second tower, 141 Bay Street, which reached its topping-out ceremony and was nearing completion. The second tower adds additional office space and residential units to the development, further establishing CIBC Square as a major mixed-use destination. This phased development approach demonstrated exceptional project management capabilities while maintaining the development's overall vision and quality standards.

CIBC Square was designed as a community hub featuring state-of-the-art spaces and amenities that support work, wellness, and community engagement. The development emphasizes sustainability and environmental responsibility, incorporating green building practices and technologies. This commitment to sustainability and community engagement demonstrates the development's exceptional ability to create integrated urban environments that serve multiple stakeholder needs while maintaining environmental responsibility and social value.