610 Bay Street

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.

Reimagining the Toronto Coach Terminal site presents an exciting opportunity to preserve a heritage asset while enabling the delivery of affordable housing and other city-building benefits.

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, 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 consistent with the site’s close proximity to the city’s Health Sciences District. The proposed redevelopment will also include the adaptive reuse of the existing heritage building as well as streetscape improvements along Edward and Elizabeth streets.  

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.