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Chicago & Midwest  + Downtown  + Apartments  | 
The Habitat Company closed on a development site at 344 N. Canal in the Fulton River District

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, 


Inside The Story

Habitat's Fiascone

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Development