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Press Release

05.08.2024


TK Elevator rises to the top of the tallest office building under construction in Canada

CIBC SQUARE effortlessly blends work and wellness across two-tower campus

TORONTO, May 8, 2024 – As the development of CIBC SQUARE continues, TK Elevator is proud to be a part of the installations at the already-completed 81 Bay Street, as well as the rising tower at 141 Bay Street.

CIBC SQUARE is a three million-square-foot, two-tower development in Toronto, Canada. 81 Bay Street is a 49-story office tower that opened in 2022. The development includes a first-of-its-kind elevated public park and pedestrian bridge that connects visitors to nearby Union Station and Scotiabank Arena. TK Elevator supplied 10 escalators and 49 elevators, including 32 gearless passenger cars, four geared high-density passenger cars, four service elevators, and 9 Synergy installations for retail and bus terminal access.

Meanwhile, construction continues next door at 141 Bay Street, the tallest office building under construction in Canada. It will rise to 50 stories and feature 44 elevator installations from TK Elevator. That includes 36 gearless passenger cars, four high density cars, four elevators for service paired with AGILE destination dispatch and eight escalators. Together, these projects at CIBC SQUARE will deliver a forward-thinking approach to wellness, green principles, and lifestyle for the city of Toronto. CIBC SQUARE offers incredible access to nature, fine art, and nearby attractions, which is why it won “Development of the Year” at the 2022 REX awards.

“The dual-tower project at CIBC SQUARE is a stunning example of innovation and economic growth in this world-class city,” said Jeremy Rainwater, CEO Americas, TK Elevator. “Our involvement ensures a legacy of effortless mobility for all who experience these facilities in the future.”

In addition to these installations at 141 Bay Street, TK Elevator will continue to provide service to elevators and escalators at both properties.

PRESS IMAGES (Credit: James Brittian)

ABOUT US

TK Elevator

With customers in over 100 countries served by more than 50,000 employees, TK Elevator achieved sales of €8.5 billion in fiscal year 2021/2022. We ensure high levels of customer service globally from our extensive network of about 1,000 locations. Over the past several decades, TK Elevator has established itself as one of the world’s leading elevator companies and became independent after separation from the thyssenkrupp group in August 2020. The company’s most important business line is the service business proudly provided by around 25,000 service technicians. The product portfolio ranges from standardized elevators for low-rise residential buildings to highly customized solutions for skyscrapers. In addition, it covers escalators, moving walks, passenger boarding bridges and stair and platform lifts. Integrated cloud-based solutions, such as the MAX platform, are delivering enhanced services. With these digital offerings, there are no longer any limits to urban mobility. TKE – move beyond.

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