610 Bay Street

Home to the now decommissioned Toronto Coach Terminal, the City-owned site at 610 Bay Street and 130 Elizabeth Street presents a unique opportunity for redevelopment and adaptive reuse of the existing heritage building with priorities including 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.

In June 2022, CreateTO, on behalf of the City of Toronto, announced a shortlist of seven preferred proponents selected through a Request for Expression of Interest (REOI) for the redevelopment of the ModernTO sites at 610 Bay Street and 130 Elizabeth Street. The proponents shortlisted in the first stage of the two-stage market offering process were invited to respond to a Request for Proposal (RFP), with the selection of a successful proponent and a final report to the CreateTO Board of Directors and Toronto City Council to follow in Q4 2024.

In November 2024, CreateTO and the City of Toronto announced the Kilmer Group and Tricon Residential (Kilmer-Tricon) as the preferred proponents for the redevelopment of 610 Bay Street and 130 Elizabeth Street. The properties will be redeveloped into a mixed-income, mixed-use development including affordable housing, a new Toronto Paramedic Services hub and employment opportunities with a focus on innovative uses that take advantage of the unique location within the city’s Discovery District. The redevelopment will also include the adaptive reuse of the existing heritage building as well as streetscape improvements.

Consisting of two towers with residential, retail and public space, the development will be a 100 per cent purpose-built rental project, delivering 873 new homes including 290 affordable rental homes.

610 Bay Street is one of eight high-value City-owned sites selected through the ModernTO program for city-building purposes. ModernTO is designed to modernize the City’s office portfolio, reduce the City’s office footprint, and free up underutilized properties for city-building opportunities.