Chicago-based Habitat, a leading U.S. multifamily developer and property manager, has started pre-leasing for Cassidy on Canal, a new 33-story, 343-unit Class A rental tower at 350 N. Canal St. in Chicago’s Fulton River District.
Cassidy on Canal features multiple apartment layouts across a mix of studio, one-, two-bedroom, and penthouse units, plus 1,313 sf of ground-floor retail, parking for 123 vehicles, and an outdoor dog run just northwest of the building.
The amenity package is highlighted by a 10,000-sf outdoor deck off the building’s fifth floor, with landscaped grounds, a pool, lounge seating, fire pits, grilling areas, cool weather heaters, and dining areas. The fitness center will offer residents practice studios, a game room, various club rooms, a coworking center, and a spa with sauna, steam, and whirlpool rooms.
PROXIMITY TO CHICAGO'S RIVERWALK
“Cassidy on Canal brings the best Chicago has to offer right to its doorstep with its proximity to the riverwalk and the numerous businesses, restaurants and entertainment options of the Loop, Fulton Market and River North areas,” said Habitat President Matt Fiascone. “Compared to the higher density of Fulton Market to the west, Cassidy is nestled in this protected sweet spot with the river to one side and train lines to the other, filling a void in the immediate neighborhood for a modern, highly amenitized rental option.”
FORMER HOME OF CASSIDY TIRE COMPANY
Rents will range from $2,550 to $5,660 for studios anbd one- and two-bedrooms. Penthouse units are expected togo for up to $10,810 per month.
Located on the west side of Canal Street between Kinzie and Fulton streets, the 350 N. Canal site was formerly home to the Cassidy Tire building. Designed by nationally recognized architecture firm Solomon Cordwell Buenz, the new 375-foot glass tower marks the latest luxury residential project for Habitat in the neighborhood.
Habitat delivered nearby developments like Kinzie Park with condominiums and townhomes in 2001, followed by the 43-story Kingsbury Plaza apartment tower in 2007 and the 43-story Class A rental Hubbard Place in 2013.
In 1980, Habitat completed East Bank Club, the city’s premier health club, which occupies more than two full city blocks at 500 N. Kingsbury St.
JOINT VENTURE WITH DIVERSIFIED REAL ESTATE CAPITAL
The joint venture partner on Cassidy on Canal is Diversified Real Estate Capital, LLC. James McHugh Construction Co. is the general contractor.
Cassidy on Canal is one of several major multifamily developments Habitat is currently leading across Chicago, including the equitable transit-oriented development 43 Green in Bronzeville; Ogden Commons in North Lawndale where Sinai Chicago has opened a One Lawndale Community Care & Surgery Center; and LeClaire Courts on the city’s South Side near Midway International Airport.
ABOUT HABITAT
Founded in 1971, Habitat is a full-service residential real estate company specializing in property management, acquisitions and development. One of the largest residential property developers and managers in the United States, with over $3 billion in assets and more than 16,000 units under management across six states, the company’s portfolio spans a range of property types, from mid- and high-rise condominium, apartment and adaptive reuse developments to senior and affordable housing communities. Headquartered in Chicago, the firm has more than 800 employees throughout the United States.
Related Stories
Multifamily Housing | May 19, 2015
Zaha Hadid unveils 'interlocking lattice' design for luxury apartments in Monterrey, Mexico
Hadid's scheme was inspired by the Mexican tradition of interlocking lattice geometries.
Multifamily Housing | May 19, 2015
Study: Urban land use policies costs U.S. economy $1.6 trillion a year
The research contends that more affordable housing options can help cities generate significantly more income.
Multifamily Housing | May 17, 2015
New York City runs into affordable housing dilemma
New York City’s affordable housing policy has created attractive low-cost housing, but the price of success has been high.
Sponsored | Coatings | May 14, 2015
Prismatic coatings accent the new Altara Center
This multi-use campus will contain a university, sports facilities, medical center, and world-class shopping
High-rise Construction | May 6, 2015
Two new designs submitted for New York City Riverside Center
Both designs reference the cantilevers and other elements featured in architect Christian de Portzamparc’s original masterplan for the complex, which has now been scrapped.
High-rise Construction | May 6, 2015
Parks in the sky? Subterranean bike paths? Meet the livable city, designed in 3D
Today’s great cities must be resilient—and open—to many things, including the influx of humanity, writes Gensler co-CEO Andy Cohen.
Mixed-Use | May 5, 2015
Miami ‘innovation district’ will have 6.5 million sf of dense, walkable space
Designing a neighborhood from the ground-up, developers aim to create a dense, walkable district that fulfills what is lacking from Miami’s current auto-dependent layout.
Codes and Standards | May 1, 2015
Colorado House kills construction defects bill
The legislation would have made it harder for condo owners to sue builders.
Multifamily Housing | May 1, 2015
Trade groups extend campaign to promote apartment living
The groups claim that there are more than 37 million Americans—12% of the population—living in just under 20 million apartment units nationwide. Apartments and their residents contribute $1.3 trillion annually to the economy.
Multifamily Housing | Apr 28, 2015
Masdar City: Construction on sustainable residential complex begins
The planned city’s new residences will help support Abu Dhabi’s rapid population growth.
