CreateTO recently announced in a press release that they have selected a shortlist of developers in the running for the redevelopment of several City-owned properties, including the former Toronto Coach Terminal.

Located near the corner of Bay and Dundas streets in Downtown Toronto, the properties at 610 Bay Street and 130 Elizabeth Street are among eight City-owned sites identified for affordable housing and other programming via the City’s ModernTO program.

Streetview of former Toronto Coach Terminal.Image Credit: Google Streetview

The seven shortlisted development teams are (in alphabetical order):

  • Capital Developments
  • Hines Canada
  • Kilmer Group & EllisDon Inc.
  • MOD Developments
  • TAS Developments
  • Tricon Residential
  • Tridel Group & Woodbourne Capital Management

Also included in the press release, a series of conceptual renderings by Cicada Design that offer a glimpse at the potential scale of development for the sites. Notably visible in the images, the retention of the facade belonging to the existing coach terminal building — a requirement by the City due to its heritage designation.

Conceptual rendering of the redevelopment.Image Credit: Cicada Design

Quotes:

"The Toronto Coach Terminal played a key role in the fabric of our city for many years as a central transportation hub, often being the first place people would encounter when travelling to the city. Through the City’s ModernTO program, this site will be repurposed to deliver a range of city-building priorities, including much-needed affordable housing, and will remain an important piece of Toronto’s landscape for years to come.”

– Deputy Mayor Jennifer McKelvie (Scarborough-Rouge Park)

 

“This is a special site. Given the heritage and prominent location, CreateTO has known from the outset that the redevelopment of these properties calls for a unique vision that will push the envelope when it comes to mixed-use development that includes affordable housing. The proximity to the city’s Health Sciences District provides an opportunity to develop a multi-use community that will enrich the lives of Torontonians and I look forward to the results of the market offering.”

– Vic Gupta, CEO, CreateTO

Conceptual rendering of the redevelopment.Image Credit: Cicada Design

Next steps

An RFP (Request for Proposal) will be released early in the third quarter of 2023, by Colliers and The Spanier Group, with the selection of a successful proponent anticipated in the fall.

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About CreateTO

CreateTO was formed in 2018 as the City of Toronto’s real estate agency. The organization brings together stakeholders, partners and community members to ensure the best use of the City’s real estate assets for today and tomorrow. CreateTO manages the City’s $27 billion real estate portfolio, develops City buildings and lands for municipal purposes and delivers client- focused real estate solutions – ensuring a balance of both community and economic benefits. For more information, visit www.createto.ca.

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