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Habitat Closes on Fulton River Development Site
Chicago-based The Habitat Company has closed on the acquisition of 344 N. Canal St. in Chicago’s Fulton River District, where it will begin construction on a 33-story, 343-unit Class A rental tower later this year. Habitat has entered into a joint venture with Diversified Real Estate Capital, LLC to capitalize the development.
Designed by Solomon Cordwell Buenz, the new 375-foot glass tower will mark the latest luxury residential project for Habitat in the neighborhood. Habitat delivered Kinzie Park with condominiums and townhomes in 2001, followed by the Kingsbury Plaza apartment tower in 2007 and Hubbard Place in 2014.
“We believe very strongly that what we have planned for 344 N. Canal will resonate with tomorrow’s renter in its dynamic design and amenities,” said Habitat president Matt Fiascone.
The site is currently home to the Cassidy Tire building. Demolition of the five-story Cassidy Tire building is expected to commence this spring,
- ◦Sale/Acquisition
- ◦Development


