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.
Solomon Cordwell Buenz
Structural work has reached the 16th floor of a 21-story mixed-use building at 166 N Aberdeen Street in Fulton Market District. Developed by Greystar, the 241-foot high rise will be primarily apartments atop ground-level retail space. The current construction marks the second phase of a two-part scheme, whose first installment is the 11-story mixed-use building directly across Aberdeen Street.
Just west of the confluence of the Chicago River, demolition is now in full swing for the former Cassidy Tire building in Fulton River District. This five-story brick structure at 344 N Canal Street will give rise to a 33-story mixed-use tower developed by The Habitat Company in partnership with Diversified Real Estate Capital LLC. Plans call for ground-level retail and 343 apartment rental units above.
Now six stories high, structural work continues its climb for 166 N Aberdeen Street, a 21-story residential development in West Loop’s Fulton Market. Set to rise 241 feet and planned by development firm Greystar, this tower is one of several new additions for this cycle that will transform the Randolph Street corridor.
Potential groundbreaking have been announced for two Fulton Market projects after securing the land sale and anchor tenants this week. The two projects in question are the life sciences building at 400 N Elizabeth Street and the office building at 360 N Green Street, each led by different developers but delivering similar amounts of leasable space at each end of the quickly growing neighborhood. All together they will bring roughly 1 million square feet of new commercial space in an area poaching new leases at a faster rate than most.