Yesterday, YIMBY attended the groundbreaking ceremony for the newly dubbed “Cassidy on Canal,” a 33-story residential tower at 344 N Canal Street in Fulton River District. The Habitat Company and Diversified Real Estate Capital are behind the project, which will replace the former Cassidy Tire Building that was demolished this year. The development will yield a total of 343 units along with ground-level retail and 123 parking spaces.
Cassidy on Canal groundbreaking ceremony. Photo by The Habitat CompanyResidences will scale from studios up through two-bedroom floor plans, along with an array of both indoor and outdoor amenity spaces. A fitness center and spa, a pool deck, media and gaming rooms, a conference center, as well as a dog walk are among the facilities that will be available to residents.
Solomon Cordwell Buenz originally designed an angular volume that would sit atop a podium, anchored by two hexagonal towers. The exterior of this design consisted of floor-to-ceiling windows, painted metal panels, and recessed balconies. However, the design has evolved slightly since its inception – the original version featured a curvier shape with more vertical facade patterns.
The nearest CTA station is Clinton, which serves the Green and Pink Lines. Routes 37, 56, 65, and 125 operate on public transit in the area. The closest CTF Green Line L service is located a six-minute walk south to Clinton station, with service for the Green and Pink Lines.
McHugh Construction is serving as the general contractor for the nearly $134 million build, as reported by recently issued construction permits. Completion is targeted for early 2024.