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Commerce Court

1931 establishments in Ontario1972 disestablishments in OntarioBank headquarters in CanadaBuildings and structures in TorontoCanadian Imperial Bank of Commerce
Darling and Pearson buildingsEberhard Zeidler buildingsI. M. Pei buildingsModernist architecture in CanadaOffice buildings completed in 1931Office buildings completed in 1972PATH (Toronto)Skyscraper office buildings in Toronto
Commerce Court fountain
Commerce Court fountain

Commerce Court is an office building complex on King and Bay Streets in the financial district of Toronto, Ontario, Canada. The four-building complex is a mix of Art Deco, International, and early Modernism architectural styles. The office complex served as the corporate headquarters for the Canadian Imperial Bank of Commerce (CIBC) and its predecessor, the Canadian Bank of Commerce, from 1931 to 2021. Although CIBC relocated its headquarters to CIBC Square, the bank still maintains offices at Commerce Court.

Excerpt from the Wikipedia article Commerce Court (License: CC BY-SA 3.0, Authors, Images).

Commerce Court
Old Toronto

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Wikipedia: Commerce CourtContinue reading on Wikipedia

Geographical coordinates (GPS)

Latitude Longitude
N 43.6481 ° E -79.3788 °
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Old Toronto
Ontario, Canada
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Commerce Court fountain
Commerce Court fountain
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Scotia Plaza
Scotia Plaza

Scotia Plaza is a commercial skyscraper in the city of Toronto, Ontario, Canada. It is in the financial district of the downtown core bordered by Yonge Street on the east, King Street West on the south, Bay Street on the west, and Adelaide Street West on the north. At 275 m (902 ft), Scotia Plaza is Canada's third tallest skyscraper and the 52nd tallest building in North America. It is connected to the PATH network, and contains 190,000 m2 (2,045,143 sq ft) of office space on 68 floors and 40 retail stores. Olympia and York developed the complex as an expansion of the adjacent headquarters of Scotiabank and the bank continues to occupy approximately 24 floors of the structure. Olympia and York owned the complex from its completion until the company was liquidated due to overwhelming debt in 1993. Scotiabank led a consortium of banks to purchase the mortgage for Scotia Plaza and over the next five years, it purchased additional shares from its partners until it was the property's majority owner.On January 19, 2012, Scotiabank announced it would sell the iconic building and on May 22, announced a final agreement with Dundee Real Estate Investment Trust (now Dream Office REIT) and H&R Real Estate Investment Trust for $1.27 billion, making it the last of Canada's major banks to divest ownership of its Toronto headquarters property. In 2016, H&R and Dream sold 50% of the building to KingSett Capital and AIMCo; in 2017, Dream sold its remaining 50% stake in 2017 to the same two companies.