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.
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.
Foundation construction can be seen taking shape at 3501 N Halsted Street in Lakeview East, set to give rise to a new five-story mixed-use building. The facility will be a new hub for Howard Brown Health, which provides an all-encompassing approach to LGBTQ wellbeing at various centers throughout Chicago. Programming will include 7,600 square feet of ground-level retail, two floors of clinic space on the first two floors, and three floors of administrative space above. With this project alone, Howard Brown Health will double the organization’s capacity within the area.
Yesterday Mayor Lori Lightfoot and other city officials commemorated the topping off of a new residential building as part of the first equitable transit-oriented development on Chicago’s South Side. Known as 43Green and located at 4308 S Calumet Avenue, the $100 million mixed-income, mixed-use project, which is being developed in three phases, will bring approximately 300 new apartments to the Bronzeville neighborhood upon completion.
Superstructure work has now surpassed the top of the podium for 1000M, a 73-story residential apartment tower rising at 1000 S Michigan Avenue in South Loop. The 788-foot tower is currently the city’s second tallest active construction project, surpassed only by the 850-foot Salesforce Tower in River North. Developed in partnership between JK Equities, Time Equities, and Oak Capitals, plans have pivoted from 506 condominiums to 738 rentals after an initial construction hiatus. In late 2021 following this two-year pause, the developers received a $304.5 million loan from Goldman Sachs and Deutsche Bank for work to resume. The design by the late Helmut Jahn has shifted only slightly with a small height reduction.