CIBC is planning to move its headquarters to the new financial district’s South Core sometime around 2021.
Its I.M. Pei-designed tower, Commerce Court West, at King and Bay will be repurposed, and joined by a new 64-storey high-rise to the east. RENDERING ABOVE – looking north from Wellington Street. The present-day CIBC building is on the left & the new tower will be on the right. It will occupy space formerly the site of two low-rise I.M. Pei structures bordering on Wellington Street. They’ll be demolished.
A glass-walled pavilion, designed by Hariri Pontarini Architects will connect the two towers.
The Art Deco Commerce Court North was completed during the Great Depression in 1931. It rises 34 storeys – once the tallest building in the British Empire. Plans are to re-open the Observation Deck, with its 24-foot stone heads on the top.
<PHOTO – Jack Landau/UrbanToronto.ca>
The upper storeys will be illuminated “in keeping with early photographs of the building.” This was TORONTO’s tallest structure when I arrived here in 1961.
<CIBC – solid as a rock>