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Chicago & Midwest  + Downtown  + Apartments  | 

Habitat JV Breaks Ground on Fulton River Apartments

The Habitat Company and joint venture partner Diversified Real Estate Capital, LLC, held a groundbreaking ceremony Monday for Cassidy on Canal, a 33-story, 343-unit Class A rental tower at 350 N. Canal St. in Chicago’s Fulton River District. First move-ins are expected in spring of 2024. 

“It is always with great anticipation that I look forward to this day when the shovels go into the ground and construction commences on a pioneering new development like Cassidy on Canal,” said Habitat founder and chairman Daniel Levin.  

Located on the west side of Canal Street, the 350 N. Canal site was formerly home to the Cassidy Tire building. Habitat plans to integrate some of the property’s original bricks into the buildout of the new community. 

The project is Habitat’s latest residential development in the neighborhood, following Kinzie Park in 2001, Kingsbury Plaza in 2007 and Hubbard Place in 2014. 


Inside The Story

The Habitat CompanyDiversified Real Estate Capital

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).

  • ◦Development