Demolition work has now begun for the five-story Cassidy Tires building, located at 344 N Canal Street in Fulton River District. The masonry edifice will be replaced by a 33-story mixed-use tower, under development by The Habitat Company and Diversified Real Estate Capital LLC. Just north of the Metra tracks, the project will yield a total of 343 for-rent units atop ground-level retail.
Layouts will vary from studios up to two-bedroom units, complemented by a robust amenity package. These amenities will consist of a fitness center and spa, a pool deck, media and gaming rooms, a conference center, as well as a dog walk. Transportation accommodations will also provide 123 parking spaces and a bike room.
Solomon Cordwell Buenz has envisioned an angular volume atop a podium, anchored by two hexagonal towers. The exterior consists of floor-to-ceiling windows, painted metal panels, and recessed balconies. This design has evolved slightly since its inception, with the original version taking on a curvier shape with more vertical facade patterns.
Closest bus transit is located via a seven-minute walk southwest to Fulton & Desplaines, with bus service for Route 56. Also within walking distance are additional stops for Routes 37, 65, 125. While all of the CTA L lines are within walking distance, the closest station, Clinton Station, offers service for the Green and Pink Lines via a six-minute walk south.
As of now, no construction permits have been filed or issued, though a groundbreaking is expected for later this year.