Transforming a Landmark Public Asset ...

The former Toronto Coach Terminal, located at 610 Bay Street and 130 Elizabeth Street, is being transformed into a mixed-use, transit-oriented community featuring new housing, affordable rental homes, employment uses, community space, and the adaptive reuse of a historic civic landmark.

Situated adjacent to Toronto’s Discovery District (one of Canada’s leading centres for health sciences, research, education, and innovation), the redevelopment is uniquely positioned to support both city-building objectives and the continued growth of one of North America’s most significant innovation ecosystems.

Working alongside Colliers on behalf of CreateTO, Spanier Group played a key role in designing and administering the two-stage developer selection process to identify a partner capable of realizing the site’s long-term vision. The mandate included preparing offering materials, engaging the development market, soliciting interest from prospective proponents, and supporting the evaluation and selection process.

Through a structured and competitive procurement process, Spanier Group helped secure a development partner capable of delivering a complete mixed-use community that advances affordable housing, supports employment growth, preserves heritage assets, and generates long-term public value. The process required balancing public-sector objectives, market realities, heritage considerations, and financial viability to achieve a successful development outcome.

The project demonstrates how strategic public-sector real estate transactions can unlock underutilized assets, catalyze housing and economic development, and create lasting community benefits in the heart of Canada’s largest city.