A full building permit has been issued for Cassidy on Canal, located at 344 N. Canal. Formerly the site of the current Cassidy Tire Building, the new project will occupy the now cleared site which lies just south of W. Kinzie St in the Fulton River District. Planned by Chicago-based The Habitat Company, the developer announced the the acquisition of the property and joint venture with Diversified Real Estate Capital LLC in February.
Designed by Solomon Cordwell Buenz, the new mixed-use tower will rise 33 stories while holding commercial and residential space. Soaring 375 feet, the building will feature 343 units, with a mix of studio, one-bed and two-bed rooms. Parking for 123 cars will be located on the second through fourth floors, with 185 bicycle parking spaces included on the ground floor.
Residents will access the building through a residential lobby that faces N. Canal St while also facing an interior driveway that occupies the north end of the site. A small retail space of approximately 1,400 square feet will occupy the remainder of the Main Street frontage. Residents will have access to a robust set of indoor and outdoor amenities throughout the building.
With the full building permit issued, the general contractor McHugh Construction can proceed with the work to completion.