CHICAGO, IL - Chicago-based Habitat, a leading U.S. multifamily developer and property manager, today 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 features multiple apartment layouts across a mix of studio, one-, two-bedroom, and penthouse units;1,313 square feet of ground floor retailparking for 123 vehicles; and an outdoor dog run just northwest of the building. A robust amenity package is highlighted by a sweeping 10,000-square-foot 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. Inside, residents will be able to enjoy a fitness center with practice studios, game room, various club rooms, coworking center, and a spa with sauna, steam and whirlpool rooms.
“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.”
The first wave of resident move-ins is expected in May. Rents will range from $2,550 to $5,660 for studios, one- and two-bedrooms with penthouse units going 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.
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.
For leasing information, visit www.cassidyoncanal.com
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, with more than 800 employees throughout the United States, Habitat is dedicated to improving the communities it serves through innovation and a commitment to excellence. For more information, visit www.habitat.com