Demolition permits have been issued for 344 N. Canal, the site of the current Cassidy Tire Building. Located on the west side of N. Canal St, between W. Kinzie St and W Fulton St, the site will be cleared of the five-story structure to make way for a new 33-story mixed-use tower.
Planned by Chicago-based The Habitat Company, the developers recently announced the acquisition of the property and joint venture with Diversified Real Estate Capital LLC.
Designed by Solomon Cordwell Buenz, the new 375-foot-tall mixed-use tower will mark the latest luxury residential project for Habitat in the neighborhood. Upon completion, the building will deliver 343 residential units, with a mix of studio, one- and two-bedroom units as well as ground floor retail space. Residents will have access to a robust amenity package of indoor and outdoor spaces as well as parking for 123 cars.
With demolition permits issued, work can begin on the dismantling of the Cassidy Tire building. Groundbreaking for the new tower will follow the completion of demolition.