Kilmer-Tricon selected for redevelopment of Toronto’s Coach Terminal site – Ontario Construction News
November 26, 2024
Ontario Construction News staff writer
The City of Toronto has selected Kilmer Group and Tricon Residential (Kilmer-Tricon) as the preferred proponents for the redevelopment of 610 Bay St. and 130 Elizabeth St., the site of the decommissioned Toronto Coach Terminal. The redevelopment will include affordable housing, a new Toronto Paramedic Services hub, and commercial space designed to support innovation in the city’s Discovery District.
Construction is expected to begin in 2025, with completion and leasing of rental units at 610 Bay St. projected for the first quarter of 2029 and at 130 Elizabeth St. by the first quarter of 2030.
Ken Tanenbaum, vice-chairman of Kilmer Group, said, “We’re thrilled to partner with the City of Toronto and CreateTO on this landmark redevelopment. This is a major opportunity to deliver much-needed affordable housing, a paramedics hub, and commercial space to support the Discovery District, all while revitalizing an important heritage asset.”
