The City of Toronto and CreateTO announced the Kilmer Group and Tricon Residential (Kilmer-Tricon) as the development partners for the decommissioned Toronto Coach Terminal site at 610 Bay St. and 130 Elizabeth St.

The properties will be transformed into a mixed-income, mixed-use development including affordable housing, a new 23,000-square-foot Toronto Paramedic Services hub, an organ care centre through a partnership with University Health Network and commercial space to support the surrounding Discovery District.

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. A public plaza will be created between the two buildings, which will create an urban oasis and incorporate a series of outdoor rooms. The redevelopment will also include the adaptive reuse of the existing heritage building and streetscape improvements.

As well, a geothermal district energy system and sustainable building design is expected to exceed the requirements of the Toronto Green Standard and the Canadian Green Building Council’s Zero Carbon Building Design Certification.

The design vision for the site, led by architectural firms Studio Gang, architects-Alliance and Smoke Architecture, with landscape design by CCxA, is rooted in the Indigenous principle of the Seven Directions. The goal is to create a complete community that puts people first, invigorates the surrounding area and creates tree-lined public spaces that connect the surrounding neighbourhoods.

Completion of construction and leasing of rental homes at 610 Bay St. is expected in the first quarter of 2029 and in Q1 2030 for 130 Elizabeth St.

“The Toronto Coach Terminal has always been a place of connections and CreateTO is proud to see that continue as this beautiful heritage building is redeveloped as part of a mixed-use community,” said CreateTO CEO Vic Gupta. “Our team has worked with our colleagues at the City and Kilmer-Tricon to ensure this project honours the site’s history, enriches the downtown core and makes Toronto a better place to live, work and enjoy.”

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