Real estate company Ivanhoé Cambridge, and Metrolinx, the Province of Ontario’s regional transportation agency for the Greater Toronto and Hamilton Area, announced an agreement that sets the stage for a forward-looking, integrated office and transit development in downtown Toronto. Following an International Architectural Design Competition, Ivanhoé Cambridge and Metrolinx selected Wilkinson Eyre to be the design architect for the project.
Subject to pre-leasing progress, project construction could commence as early as spring 2015, with the new GO Bus Terminal to open approximately three years after the beginning of construction, and the first office tower to be completed within the months following the opening of the Terminal. The development will feature:
– A 2.7 million ft2 (250,000 m2), multi-phased, premium office complex at 45-141 Bay Street built to LEED® Platinum standards;
– A new, larger GO Bus Terminal with the latest features and amenities at the base of the planned 45 Bay Street office tower to reinforce Union Station’s transit-hub capabilities;
– An elevated park above the rail corridor with new public green spaces.
An integrated development that provides transit, improved public space and connects communities is an example of Metrolinx’s Regional Transportation Plan to provide travellers with improved connections to more transit.” Ontario’s Minister of Transportation, Steven Del Duca, noted: “Projects like 45-141 Bay St. are an excellent example of what can happen when partners work together to invest in our communities.
The announcement of a new GO Bus Terminal at Union Station with commercial space above it aligns perfectly with our government’s plan to create transit hubs integrated with sustainable employment developments.” He added: “This new Terminal will welcome GO Transit’s fleet of environmentally friendly double-decker buses to downtown Toronto, and will provide more options for commuters and tourists alike moving across the Greater Toronto and Hamilton Area.” Source by Ivanhoé Cambridge.
Location: Toronto, Canada
Architect: Wilkinson Eyre Architects
Real estate company: Ivanhoé Cambridge