Metrolinx officials say the province is still negotiating with the developer of a new business park and regional bus terminal at Union Station that was announced about 18 months ago.

Quebec's Ivanhoé Cambridge plans to build two office towers and an elevated green space near Union Station.

The development will incorporate a bus depot on what is now a parking lot south of the rail tracks on Bay St.

When it announced the project in September 2014, Metrolinx and Ivanhoé Cambridge suggested that work could be underway by spring 2015. But the site remains untouched.

That's not unusual in a project of this scope, said an Ivanhoé Cambridge spokesperson.

"We continue to work diligently with Metrolinx and with a number of stakeholders towards delivering our exciting project. Bay Park Center is moving at an expected pace for a project of its scale," said Sébastien Théberge, vice-president of public affairs.

He said the rezoning of 141 Bay St. for the second phase of the project and the city site plan approval are underway but had no details of when the project will break ground.

Metrolinx did not provide specifics either.

"This project is very complex with multiple stakeholders. We were hopeful that subject to pre-leasing progress, construction could commence as early as spring 2015. Negotiations are taking a little longer but benefits will have a huge impact on improving the transit experience in downtown Toronto," said spokeswoman Anne Marie Aikins.

The new bus terminal will be more accessible, allowing GO vehicles to enter via Lake Shore Blvd. rather than coming up Bay St., but there's no immediate danger GO will run out of space at the current bus station, she said.

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