Chicago-based Habitat, a leading U.S. multifamily developer and property manager, announced pre-leasing is underway 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 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. We couldn’t be happier to welcome our first residents to their new homes in the months ahead.”
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. Habitat’s long-standing commitment to developments in this area extends beyond residential projects. In 1980, the firm completed East Bank Club, the city’s premier health club, which occupies more than two full city blocks at 500 N. Kingsbury St.
The joint venture partner on Cassidy on Canal is Diversified Real Estate Capital, LLC, with James McHugh Construction Co. serving as general contractor.
Cassidy on Canal is one of several major multifamily developments Habitat is currently spearheading across Chicago. Other notable mixed-use projects include 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.
