CreateTO announces shortlist to reimagine former Toronto Coach Terminal site 

CreateTO has announced a shortlist to reimagine the former Toronto Coach Terminal site, located at 610 Bay St.

Rendering courtesy of Cicada Design

On behalf of the City of Toronto, CreateTO recently announced a shortlist to reimagine the former Toronto Coach Terminal site, located at 610 Bay St.

The shortlist contains preferred proponents which were selected through a Request for Expression of Interest (REOI) for the redevelopment of the ModernTO sites at 610 Bay St. and 130 Elizabeth St.

The properties are home to the former Toronto Coach Terminal and are among the eight City-owned sites which have been identified for affordable housing and other program uses through the City’s ModernTO program which aims to modernize the City’s office space while also making better use of its real estate assets.

The Toronto Coach Terminal, which is located in a prime downtown location, presents an opportunity for redevelopment. As outlined in the REOI issued on November 24, 2022, by Colliers and The Spanier Group, the vision for the properties is to redevelop both sites into a mixed-income mixed-use development.

Priorities for the site include the creation of affordable housing, the delivery of a Paramedic Services Multi-Hub and the inclusion of employment/office uses associated with the life science and biomedical sectors, since the site is in close proximity to the city’s Health Sciences District.

Rendering courtesy of Cicada Design

The proposed redevelopment will also include the adaptive reuse of the existing heritage building as well as streetscape improvements along Edward and Elizabeth streets.

The seven preferred proponents shortlisted in the first stage of the two-stage market offering process will now be invited to respond to a Request for Proposal (RFP). They include:

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

The second stage of the market offering will focus on selecting a proponent whose vision, financial capacity and experience will result in the redevelopment of the properties.

The RFP will be released early in the third quarter, by Colliers and The Spanier Group, with the selection of a successful proponents anticipated in the fall. A final report to the CreateTO Board of Directors and Toronto City Council will follow.

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