New Chicago Luxury High-Rise Welcomes First Move-Ins

Chicago-based Habitat announced its first residents have moved in at 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 is the first Class A rental tower to open in more than 17 years near the west bank of the Chicago River.

Cassidy on Canal offers a mix of studio, one-, two-bedroom and penthouse units as well as ground floor retail. The joint venture partner on Cassidy on Canal is Diversified Real Estate Capital, LLC, with McHugh Construction serving as general contractor. Interior stonework at the building was installed by GI Stone.

“It’s not every day an apartment tower of this magnitude opens near the west bank of the Chicago River in this neighborhood,” said Habitat President Matt Fiascone. “In fact, it’s been almost two decades since renters had an opportunity to move into a new building so close to this side of the river.

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, which had stood on the location since 1908.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!