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Bay Street

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Bay Street is a major thoroughfare in Downtown Toronto , Ontario , Canada. It is the centre of Toronto 's Financial District and is often used by metonymy to refer to Canada's financial services industry since succeeding Montreal 's St. James Street in that role in the 1970s.

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45-477: Bay Street begins at Queens Quay ( Toronto Harbour ) in the south and ends at Davenport Road in the north. The original section of Bay Street ran only as far north as Queen Street West and just south of Front Street where the Grand Trunk rail lines entered into Union Station . Sections north of Queen Street were renamed Bay Street as several other streets were consolidated and several gaps filled in to create

90-460: A Bay Street banker's heart", was a term of opprobrium especially among Prairie farmers who feared that Toronto-based financial interests were hurting them. Within the legal profession, the term Bay Street is also used colloquially to refer to the large, full-service business law firms of Toronto. The intersection of Bay and King Street is often seen as the centre of Canadian banking and finance. Four of Canada's five major banks have office towers at

135-399: A five-year contract. As a result, the coach lines took over the operational control of the terminal and opened their own ticket booths, where previously TTC employees had handled ticket sales and taken a commission in addition to platform fees charged to the coach companies. The lease, which was last renewed for a year in 2020, expired on July 7, 2021. In April 2017, TTC staff proposed for

180-480: A new thoroughfare in the 1920s. The largest of these streets, Terauley Street, ran from Queen Street West to College Street. At these two points, there is a curve in Bay Street. North of College past Grenville Street to Breadalbane Street was St. Vincent Street, which was later bypassed with new alignment to the west leading to a stub now called St. Vincent Lane from Grosvenor Street to Grenville Street. The street

225-757: Is a decommissioned bus station for intercity bus services in Toronto , Ontario, Canada. The building was the central intercity bus station in Toronto until mid-2021, when it was replaced by the Union Station Bus Terminal . It is located at 610 Bay Street , in the city's downtown . Opened in 1931 as the Gray Coach Terminal, the Art Deco style structure was the main hub for Gray Coach , an interurban coach service then owned by

270-515: Is defined by Dundas Street to the south and Bloor/Yorkville to the north and crosses through Toronto's Discovery District . Another prominent intersection is the one nearest Yorkville at Bay and Bloor , the centre of an expensive shopping district known as Mink Mile . The area attracts many who work in the financial district and those who work in the Discovery District, nearby hospitals and schools (Toronto Metropolitan University and

315-405: Is located one block west of Dundas subway station and was connected to it via the underground PATH network. It is also about the same distance from St. Patrick subway station . The bus platforms are located on Edward Street, on the west side of the terminal building. A small side entrance on the west side of Elizabeth Street is connected to the main concourse area on Bay Street by a corridor behind

360-653: Is the location of the Toronto Transit Commission 's Bay subway station , toward the north end of the central business district. From its 1931 opening until its 2021 decommissioning, intercity bus service was also provided at the Toronto Coach Terminal on Bay slightly north of Dundas. Significant condominium development on Bay, north of the financial district, boomed during the 1990s and construction continues on large, 40-plus storey condominiums and multi-use buildings today. The area

405-505: Is to be "adaptive reuse of the existing heritage building as well as streetscape improvements", and the project is to include an organ repair centre for transplants, operated by the University Health Network , and housing options for health workers. Kilmer Group and Tricon Residential (Kilmer-Tricon) were announced by the city and CreateTO as the developers. The terminal was originally owned by Gray Coach Lines when it

450-558: The City of Toronto 's heritage buildings register since May 19, 1987. An annex, the Elizabeth Street Terminal located at 130 Elizabeth Street, is located to the west of the main terminal. It was originally built in 1968 and was used for bus charters and sightseeing buses and, beginning in 1970, was a hub for GO Transit bus arrivals and departures. Five diagonal bus bays on its south side were used for departures and

495-590: The Imperial Bank has been part of CIBC and the Bank of Nova Scotia has rebranded itself, so this nickname is no longer widely used. The core cluster of towers has crept north with the addition of the 50-storey Bay Adelaide Centre and the St. Regis Hotel . The Union Station rail, subway, and bus hub partly fronts on Bay at Front, toward the south end of the central business district. The intersection of Bay and Bloor

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540-525: The Martin Goodman Trail and additional pedestrian space. The experiment resulted in an improved public realm and more visitors to the overall waterfront area. In 2009, Waterfront Toronto announced its plans to turn Queens Quay into a grand lakefront boulevard by placing streetcar lanes in the centre, traffic only on the north side and a pedestrian-focused space on the south side. The plan would restrict Queen's Quay to two traffic lanes, on

585-468: The PATH network . A newspaper stand was located in the basement along with, over various years, a shoeshine stand (in earlier decades), a travellers' lounge called Kramden's Kafe (after it moved from its original location as the upstairs restaurant) serving snacks and alcohol and equipped with a pool table , and finally a bakery. In 2012, the coach terminal's board proposed that a new facility be built at

630-575: The Redpath Sugar Refinery and Victory Mills , as well as small commercial enterprises. However, the mainly industrial uses along Queens Quay were slowly replaced by commercial and residential uses, mainly high-rise condominiums. Between 1975 and 1979, a cluster of large, concrete towers were erected at the foot of Bay Street, south of Queens Quay; these included the Westin Harbour Castle and Harbour Square. In 1990,

675-792: The Toronto Transportation Commission (later renamed the Toronto Transit Commission ) (TTC). It replaced an earlier open air depot, the Union Coach Terminal. In 1927, the TTC signed a contract with Trinity College leasing a parcel of land at Bay and Edward Streets for an open air coach terminal. After purchasing the Bay/Edward property, construction on a permanent terminal building began in July 1931. The building officially opened on December 19, 1931 as

720-722: The William H. Wright Building (old Globe and Mail headquarters) were all located near the intersection. Until 1922, the section of Bay running north from Queen Street and ending at College Street was known as Terauley Street (named after the Terauley estate of John Simcoe Macaulay near Bay and Queen Streets). Several discontinuous streets existed north of College Street to Davenport Road - St. Vincent Street, Chapel Street, North Street, Ketchum Avenue. By-Law 9316 joined these streets together as far north as Scollard Street in 1922. Finally, By-Law 9884, enacted on January 28, 1924, changed

765-427: The 1990s, GO Transit bus services gradually relocated to Toronto Union Station , first to seven curb-side bus stops along Front Street in front of the railway station, and then to the original Union Station Bus Terminal on Front Street, across Bay Street from the rail terminal. GO's Toronto to Hamilton Express bus route was the last to use the Elizabeth Street Terminal until Labour Day weekend of 2002 when it moved to

810-428: The 40-storey York Quay towers were built and remain the tallest buildings on Queens Quay. The scale and density of these and subsequent high-rise development along Queens Quay were criticized for blocking the lake and failing to provide a welcoming realm for visitors. In 1997 City School (Toronto) relocated to 635 Queens Quay West. In 1999, the Toronto Transit Commission opened a dedicated streetcar right-of-way in

855-632: The Toronto Coach Terminal, relocated to Union Station effective July 4, 2021, bringing the Toronto Coach Terminal's role as a bus depot to a close after almost 90 years of service. On October 29, 2019, Toronto City Council identified the Bay and Elizabeth Street terminal properties as an asset that is underutilized, "with an opportunity to unlock value and address City needs and City building objectives, such as affordable housing, employment uses and community infrastructure." Despite its age,

900-723: The Toronto Motor Coach Terminal, to serve as the terminal hub for the Toronto Transit Commission 's (TTC) Gray Coach intercity bus service, replacing an open air terminal that had operated at the same location. Known as the Gray Coach Terminal until 1990, the Art Deco building is a two-storey historic building with Travertine limestone. Designed by architect Charles B. Dolphin it was originally built with five platforms (four departure and one arrival platform) and later expanded to nine bus platforms. Its final form consisted of seven bus platforms, accommodating two numbered bus bays each. The building has been listed in

945-529: The University of Toronto). More than 67 per cent (or 10,380) of residents in this area are in the working ages of 25–64, significantly higher than the City of Toronto's average of 58%. Notable buildings include: Bay Street is served by the route 19 Bay , which is one of few bus routes exclusively serving Downtown Toronto. Bay Street used to be served by streetcars lines , which were gradually phased out after

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990-468: The city's real estate arm, "approximately 750 homes could be included in these sites with approximately 250 being affordable homes.” Create TO announced in November 2022 that it is seeking bids from developers. In June 2023, CreateTO announced its shortlist of bidders submitting proposals to redevelop 610 Bay Street and 130 Elizabeth Street: On November 21, 2024, Mayor Olivia Chow announced that

1035-581: The coach terminal there. This new terminal opened in December 2020. Greyhound Canada suspended service in May 2020 due to the COVID-19 pandemic , and announced on May 13, 2021, that they were permanently ending Canadian operations. Coach Canada / Megabus relocated to the new Union Station Bus Terminal , effective June 8, 2021. Ontario Northland Motor Coach Services , the last remaining bus line that used

1080-473: The early 1920s the inner harbour was filled in and new slips were created. Queens Quay continues to go through a significant transformation. Originally, it served as an access road for the various ports and slips in the inner harbour. The street between Yonge Street and Parliament Street was home to storage buildings devoted to trade on the Saint Lawrence Seaway , major industries such as

1125-604: The eastern portion of Queens Quay: the 19 Bay operates from Bay Street to Sherbourne Street ; the 65 Parliament and the 365 Parliament Blue Night operate from Sherbourne Street to Parliament Street; the 72 Pape and the 202 Cherry Beach operate from Bay Street to Parliament Street; the 75 Sherbourne operates from Jarvis Street to Sherbourne Street; and the 320 Yonge Blue Night buses operates from Bay Street to Yonge Street . Listed from west to east [REDACTED] Media related to Queens Quay, Toronto at Wikimedia Commons Toronto Coach Terminal The Toronto Coach Terminal

1170-474: The former parking lot, which is now underground. Queens Quay is served by two streetcar lines, operating on a dedicated right-of-way. The 509 Harbourfront and 510 Spadina both terminate at Union Station and run along Queens Quay from Bay Street, westward. At Spadina Avenue , the 510 heads north to Spadina station , and the 509 continues west, bound for the Exhibition Loop . Originally there

1215-700: The intersection — the Bank of Montreal at First Canadian Place , Scotiabank at Scotia Plaza , the Canadian Imperial Bank of Commerce (CIBC) at Commerce Court , and Toronto-Dominion Bank at the Toronto-Dominion Centre  — and the fifth, the Royal Bank at Royal Bank Plaza , is one block south. Historically, Bay and King was known as the "MINT Corner" from Montreal, Imperial, Nova Scotia, and Toronto, but since 1961

1260-447: The main building from the bus bays and replacing it with a glass wall several metres to the west, reducing the space allotted for bus bays. The bus shed is configured into seven lanes, with room for two buses in each lane. The 40-seat lunch counter -style restaurant which had been on the main floor was removed and replaced by an upstairs restaurant and bar seating 150, with railings overlooking main floor enclosed with glass. The restaurant

1305-564: The main building to Elizabeth Street, and then cross the street to the Elizabeth terminal, without having to walk through the bus bays in the main terminal. The dispatch office is located along the west wall of the terminal, overlooking the bus bays. As part of the renovation, a tunnel was built under Bay Street at the cost of CA$ 4 million connecting the main terminal to the Atrium on Bay and, through it, to Dundas subway station as well as to

1350-560: The median from Bay Street to Bathurst Street . In 2001, the city planners set out to improve Queens Quay by reclaiming public space for pedestrians and cyclists. This resulted in the Waterfront Toronto Central Waterfront Public Realm International Design Competition, which was completed in 2006. In August 2006, the city closed the two eastbound lanes, replacing them with bike lanes as part of

1395-528: The name of Ketchum Avenue to Bay Street, extending it to Davenport Road. There is a short street called Terauley Lane running west of Bay from Grenville Street to Grosvenor Street. "Bay Street" is frequently used as a metonym to refer to Toronto's Financial District and the Canadian financial sector as a whole, similar to Wall Street in the United States. "Bay Street banker", as in the phrase "cold as

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1440-421: The north of the building remaining open to the public for bus arrivals. Due to limited space, buses would park overnight along Edward Street and Chestnut Street. A renovation of the main terminal building occurred in 1990, tripled the main terminal's floor space to 2,500 square metres, creating more seating for waiting passengers (250 seats rather than 100). This was done by demolishing the interior wall separating

1485-421: The north side of the building opening onto a covered two-lane driveway acting as an unloading area and space for bus layovers and parking. In 1990, the Elizabeth Street Terminal also began handling arrivals for the main terminal's bus lines with departures leaving from the main coach terminal across the street, which is rather unusual for bus terminals or other passenger transportation infrastructure. Through

1530-485: The north side of the streetcar tracks, similar to the design of the 2006 experiment. Additionally, the plan calls for the beautification and extension of the Harbourfront streetcar line along Queen's Quay East between Yonge and Cherry Street . The transit right-of-way will be grass-covered. In 2013 Ontario Square and Canada Square opened. The former is an open public space and the latter a green area. Both replace

1575-531: The north–south Yonge and University subway lines opened in 1954 and 1963 respectively. The remaining streetcar tracks between Dundas and College Streets are now used for short turns and diversions. 43°39′26″N 79°23′03″W  /  43.657291°N 79.384302°W  / 43.657291; -79.384302 Queens Quay (Toronto) Queens Quay is a prominent street in the Harbourfront neighbourhood of Toronto , Ontario , Canada . The street

1620-483: The original Union Station Bus Terminal on Front Street. After the departure of GO Transit, the Elizabeth Street terminal only handled arrivals for the remaining bus lines. The bus bays on the south side of the building were decommissioned and the area converted into a Green P paid parking lot . The waiting area and newsstand in the Elizabeth Street Terminal were closed in 2010 with only the bus platform on

1665-408: The site, including both the former Bay Street and Elizabeth Street terminals, would be redeveloped as a mixed-income, mixed-use development that is to include affordable housing, a paramedics hub, and new public plaza. Two towers are to be built and will include residential, retail and public space. The residential component is to consist of 873 homes, 290 of which will be affordable rental units. There

1710-483: The structure is only a "listed property" in the City's Heritage Register, offering a 60 day window that the property owner has to notify the City before moving or demolishing the structure. In April 2022, Toronto City Council approved a plan to redevelop the site into a mixed-income, mixed-use development that includes affordable housing, and a paramedics multi-hub, and office spaces for the life science and biomedical sectors. According to Vic Gupta, CEO of CreateTO ,

1755-488: The terminal to be declared surplus when Coach Canada and Greyhound Canada vacated the terminal. The board of the TCTI on June 16, 2021 voted to accept a recommendation to transfer the property to the City of Toronto, effective July 8, 2021, in exchange for payment by the city of CA$ 4.2 million so that TCTI could pay back the balance of a loan made to TCTI by the TTC when TCTI was created in 1990. The Toronto Coach Terminal

1800-478: The terminal's current location combining the original terminal and the Elizabeth Street annex into one structure that could fit double the current number of bus bays. However, in September 2014 Metrolinx announced plans to relocate its GO Transit Union Station Bus Terminal to a new terminal in the then under-construction CIBC Square office development located at 81 Bay Street and move the bus lines that serviced

1845-405: Was a Toronto Transit Commission subsidiary. When the TTC sold Gray Coach in 1990, it retained the terminal, transferring ownership to Toronto Coach Terminal Inc. (TCTI), a wholly owned subsidiary of the TTC. The TTC managed the station directly until July 8, 2012, when it was leased out in its entirety to bus lines Coach Canada and Greyhound Canada for CA$ 1.2 million annually, in what was initially

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1890-442: Was originally commercial in nature due to the many working piers along the waterfront; parts of it have been extensively rebuilt in since the 1970s with parks, condominiums, retail, as well as institutional and cultural development. The road supplanted both Front Street and Lake Shore Boulevard as the most southerly east–west corridor in the city when it was created on reclaimed land in the inner harbour . Sometime after 1919 to

1935-536: Was originally known as Bear Street because of frequent bear sightings in the early history of Toronto. It was renamed Bay Street in 1797 from the fact that it connected Lot Street (present-day Queen Street West ) to a bay at the Toronto Harbour . In the 19th century, the intersection of Bay and King Street was home to Toronto's major newspapers: the Mail Building , the old Toronto Star Building , and

1980-634: Was to have been an underground station in front of the Westin Harbour Castle Hotel and the Jack Layton Ferry Terminal , with underground access to the hotel. This plan was cancelled when the hotel management became unwilling to share in the cost, and a smaller station was built around the corner under Bay Street. Plans to add a Queens Quay East light rail line are the subject of a class environmental assessment. Various bus routes currently serve portions of

2025-447: Was unable to attract enough passengers to sustain itself and the vendor instead was given space to run a snack bar on the main floor and a passenger lounge and bar in the basement, leaving the upstairs area to be converted to office space. An enclosed pedestrian walkway, with lockers lining the south wall, was built on the south side of the bus shed connecting the main terminal building with Elizabeth Street allowing passengers to walk from

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