Commerce Court
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- For the short-lived court of law, see United States Commerce Court
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Commerce Court is a cluster of four office buildings in Toronto, Ontario, Canada, located in the financial district on King Street and Bay Street. The main tenant is the Canadian Imperial Bank of Commerce.
The first building, now known as Commerce Court North, was built in 1930 as the headquarters of the Canadian Bank of Commerce, a precursor bank to the current main tenant. Designed by the firm Pearson and Darling, the 34-storey tower was the tallest building in the British Empire/Commonwealth until 1962. At the time of its construction, the building was one of the most opulent corporate headquarters in Canada.
In 1972, three other buildings were erected, thus creating the Commerce Court complex: Commerce Court West designed by Pei Cobb Freed & Partners (the tallest building in the complex, at 57 storeys, and the tallest building in Canada from 1972–1976), Commerce Court East (13 storeys), and Commerce Court South (5 storeys). In 1994, Zeidler Partnership Architects was commissioned to renovate the Commerce Court urban plaza, the banking area at the base of Commerce Court West, and the below-grade retail area.
The Canadian Imperial Bank of Commerce recently sold the complex, now managed by GWL Realty Advisors, but the head office of the bank remains the anchor tenant.
On Wednesday, January 9, 2008 a portion of a CIBC sign at the top of the Commerce Court West building blew off onto Bay Street below as a result of wind gusts. No injuries were reported. Two of the other four CIBC marquees were flapping dangerously owing to high winds and were in danger of falling. Police cordoned off the area as a precaution. As a result, Bay from Front to Richmond and King St. from York to Yonge were shut down. TTC service was diverted. [1] [2]
This took place eight months after a piece of white marble panel fell from the 60th storey of the First Canadian Place building, and ten months after layers of ice fell off the CN Tower.
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Built: 1972 ; Upgraded: 1993/1996
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- ^ CityNews: Falling Sign Fix Lets Bay St. Re-open As Rest Of GTA Continues Wind-Blown Clean-Up
- ^ Toronto streets reopen after cleanup of fallen debris
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