Pre-leasing has begun for Cassidy on Canal, a new 33-story, 343-unit apartment tower located at 350 N Canal Street in Fulton River District. The building offers studio, one-bedroom, two-bedroom, and penthouse apartments, along with ground floor retail space, parking, and an outdoor dog run. Habitat and Diversified Real Estate Capital LLC are co-developing the project, while Solomon Cordwell Buenz is the architect.
Cassidy on Canal unit interior. Rendering via Habitat / Solomon Cordwell Buenz
Cassidy on Canal features amenities such as a 10,000-square-foot outdoor deck with a pool, lounge areas, fire pits, grilling stations, and dining spaces. Indoor amenities consist of a fitness center, game room, club rooms, coworking spaces, and a spa with a sauna, steam room, and whirlpool.
Cassidy on Canal unit interior. Rendering via Habitat / Solomon Cordwell Buenz
According to a press release by Habitat, monthly rents range from $2,550 for studios to $5,660 for two-bedroom units, with penthouse prices reaching $10,810.
Cassidy on Canal. Photos by Jack Crawford
The project is being built by James McHugh Construction Co. serving as the general contractor. The first residents are expected to move in starting May.
Cassidy on Canal. Photos by Jack Crawford
Cassidy on Canal. Photos by Jack Crawford
Habitat is currently involved in several other major multifamily developments across Chicago, including 43 Green in Bronzeville, Ogden Commons in North Lawndale, and LeClaire Courts on the city’s South Side.
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Is it me, or is that a lot of money for units with plastic flooring? I’m always shocked that these places don’t just put a layer of sealer over the concrete and call it done.
There are acoustical qualities to the “plastic” flooring that you would not get with bare concrete. There is often another layer below the vinyl plank flooring that helps prevent impact noises that are prevalent in concrete structures. The vinyl flooring is also warmer both aesthetically and physically than concrete. Real wood adds an additional premium to already high rents in these new buildings, which is why you won’t see hardwood except in high end condos and single family homes.
Isaac, why did you put quotation marks on the word plastic?
We don’t know if the flooring is plastic or not. According to the website, the flooring is “pinecone oak.” I don’t know if that’s real wood or vinyl plank. I was only stating why another material is added versus leaving it bare concrete. There are advantages to adding another material to the flooring, plastic or not.
Pinecone Oak is a tradename for vinyl planking. And concrete is actually a pretty good insulator of sound. It doesn’t absorb so well and can produce echoes in empty spaces. But in a typical apartment with cabinets, couches, wall art, etc. that doesn’t tend to be a problem.
As long as I’m belaboring the point, I have had the same thought when comparing Whole Foods to Target. Whole foods leaves concrete bare (maybe a little polishing to expose aggregate in spots) and rafters exposed (even if they have fireproofing on them). Meanwhile, Target spends money laying vinyl flooring and hanging false ceilings–and for all their extra spending they get a cheap look. Maybe they like that new store smell.