A foundation permit has been issued for the 33-story mixed-use 344 N Canal Street in Fulton River District. Formerly the site of the five-story Cassidy Tire building, the new 375-foot-tall structure by The Habitat Company and Diversified Real Estate Capital LLC will provide a total of 343 apartments atop ground-floor retail.
Apartment residences will range in size from studios to two-bedrooms, with some also outfitted with private balconies. Resident amenities include a fitness center and spa, a pool deck on top of the podium, a media and gaming room, a conference center, and a dog walk.
The Solomon Cordwell Buenz-designed structure will have a hexagonal motif that rises as a central tower. There will be two opposing glass columns lining the northwest and southeast corners of the tower. The material palette will comprise of floor-to-ceiling windows, and bronze metal paneling and accents of varying tones.
There will be a garage with 123 spaces and a bike room located in the building’s podium. Public transit in the vicinity consists of bus stops for Routes 37, 56, 65, and 12, as well as CTA L service for the Green and Pink Lines via six-minute walk south to Clinton Station.
McHugh Construction is serving as general contractor for the $139 million build, with this initial stage expected to cost just over $26 million. An official completion timetable has not been revealed, though a loose estimate based on standard construction timelines would place an opening date sometime in 2024.