cibc toronto headquarter

CIBC moving its Toronto headquarters to South Core

South Core is a neighbourhood on the rise, literally. The area south of Front Street will soon be home to a number of new skyscrapers, including the Bay Park Centre with two office towers that'll both be around 50 storeys high.

cibc headquarters toronto

These buildings, at 81 and 141 Bay St., won't be ready until 2020 and 2023, respectively. However, CIBC announced today that it'd be leasing approximately 1.75 million square feet of office space at Bay Park Centre to create an urban campus for 15,000 of its GTA employees.

cibc headquarters toronto

The bank has exclusive naming rights on the two buildings designed by WilkinsonEyre and Adamson Associates, so it'll introduce its rebrand in the coming months.

cibc headquarters toronto

While CIBC seems excited about consolidating its Toronto operations and moving its headquarters here from Commerce Court, for most of us, the really cool part of this project is the one-acre park that'll traverse the train tracks and connect the two buildings.

Thankfully, according to a CIBC news release, it'll be open to the public. As the Toronto Star reports, there will also be a new GO terminal going in at 81 Bay St. Metrolinx and developer IvanhoĂŠ Cambridge announced this in 2014.

Lead photo by

CIBC


Join the conversation Load comments

Latest in City

Derelict military aircraft are sitting in a field just outside Toronto

Strangers helped a Toronto woman fix an old ripped photo of her dad as a teen

Toronto woman creates 3,000 self-care boxes for vulnerable women

Toronto mechanic makes a cart for a dog with amputated front legs

Humber Bay Park in Toronto spans two kilometres of the city's shoreline

Man recognizes himself in old photo of Children's Village at Ontario Place

Toronto LifeLabs location comes under fire for xenophobic sign

Buy nothing groups in Toronto are bringing neighbours together during the pandemic