First Canadian Place - History and Architecture

History and Architecture

First Canadian Place is named for Canada's first bank, the Bank of Montreal. Designed by Bregman + Hamann Architects with Edward Durell Stone as design consultant, First Canadian Place was constructed in 1975 (originally named First Bank Building), on the site of the Old Toronto Star Building. The site was the last of corners of King and Bay to be redeveloped in the 1960s and 1970s, and a major bidding war began over the property. The then little known firm of Olympia and York eventually obtained nearly the whole city block, though the election of reformist mayor David Crombie led to new rules banning skyscrapers and it took three years of lobbying before permission for First Canadian Place was granted. When completed, the building was nearly identical in appearance to Stone's Aon Center in Chicago, Illinois; completed two years previous as the Standard Oil Building, the Chicago tower is of the same floor plan and clad in the same marble, the only overtly visible difference being the vertical orientation of the windows, as opposed to the horizontal run of those on First Canadian Place.

First Canadian Place was the 6th tallest building in the world to structural top (currently 76th) and the tallest building overall outside of Chicago and New York when built in 1975. It was also the tallest building in the Commonwealth of Nations until the completion of the Petronas Towers in Kuala Lumpur, Malaysia, in 1998. The Bank of Montreal "M-bar" logo at the top of the building was the highest sign in the world from 1975 until overtaken by the sign atop CITIC Plaza in 1997. The roof is still the location of a number of antennas used for radio and television broadcasting. The structure contains 29 elevators, and is one of only a few buildings in the world that uses the double-decked variety, and is connected to the underground PATH system.