Bank of Commerce (Halifax, Nova Scotia) explained

CIBC Building
Status:Completed
Building Type:Office building
Architectural Style:Modernism
Location:1809 Barrington Street
Halifax, Nova Scotia
Completion Date:September 1977
Owner:Crombie REIT
Management:or
Operator:or
Governing Body:-->
Developer:Durham Leaseholds Limited
Main Contractor:Poole Construction
Mapframe:no

The Bank of Commerce Building, also known as the CIBC Building, is a high-rise office building in the downtown core of Halifax, Nova Scotia, Canada. It is located on Barrington Street and is owned and operated by Crombie REIT.[1] The office tower stands at 66 metres and has 16 floors. It was completed in 1977. The building is connected to the Downtown Halifax Link system.

History

The Bank of Commerce Tower, announced by the Canadian Imperial Bank of Commerce in 1975 as the bank's new Atlantic regional headquarters, was developed by Durham Leaseholds Limited, a joint venture between Oxford Development Group and Halifax Developments Limited.[2] [3] It was part of a development termed "Granville Place" during construction. Phase I of Granville Place became the Bank of Commerce Tower, while Phase II became the Delta Barrington Inn and Barrington Place Shops.[4] These two buildings are linked by an enclosed footbridge spanning Duke Street.

The tower was built by Poole Construction.[5] It opened in September 1977.[3]

Design

The building has a floor area of around 280000square feet.[6]

Ownership

The building is owned Crombie REIT and is located on land leased from the Canadian Imperial Bank of Commerce (CIBC). The land lease term ends on 31 December 2047.[7]

See also

44.649°N -63.5745°W

Notes and References

  1. Web site: Corporate Website. Crombie REIT. 2015-06-04. https://web.archive.org/web/20150608000228/http://www.crombiereit.ca/en/default.aspx. 2015-06-08. dead.
  2. Book: McQueen . Rod . A History of Canadian Imperial Bank of Commerce: Volume 5 1973–1999 . 2021 . ECW Press . 9781773056364 . In 1975, the bank announced plans for a sixteen-storey tower in Halifax to serve as the new headquarters for the Atlantic region and house the Halifax main branch..
  3. Web site: Annual Report 1977 . Halifax Developments Limited . 1978.
  4. Web site: Annual Report 1975 . Halifax Developments Limited . 1976.
  5. Judge . David . Halifax development enters Phase I . Heavy Construction News . 18 August 1975 . 19 . 33 . 4.
  6. News: Watkins . Lyndon . New Atlantic role forecast for Halifax . The Globe and Mail . 5 January 1978 . B1.
  7. Web site: Annual Information Form . Crombie REIT . 59 . 29 March 2022.