Habitat begins pre-leasing at Cassidy on Canal

Habitat and joint venture partner Diversified Real Estate Capital have announced that pre-leasing is underway for Cassidy on Canal, a new 33-story, 343-unit mixed-use development at 350 N. Canal. Located on the west side of N. Canal St between W. Kinzie St and W. Fulton St, the property was formerly home to the Cassidy Tire building.

“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.”   

Designed by Solomon Cordwell Buenz, the 33-story tower reaches 375 feet tall with 343 residential units, approximately 1,300 square feet of ground floor retail space, 123 parking spaces, and a host of amenities for future residents. The building features a large 10,000-square-foot outdoor deck on 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. A dog run is also included on the northwest corner of the site.           

With general contractor McHugh Construction wrapping up work on the building, 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. For leasing information, visit www.cassidyoncanal.com.