Apr 8, 2024 - Real Estate
Cassidy on Canal building shines in Fulton River District
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The newest downtown high-rise near the Chicago River is lining up renters for next month's opening.
Context: The Cassidy on Canal building (350 N. Canal) is a 33-story mixed-use glass building that jets up 375 feet into the air from the Fulton River District, spitting distance from the Kinzie bridge.
By the numbers: The project, developed by Habitat and others, cost $139 million.
- It will be a mix of studios ($2,550) to two-bedrooms ($5,660).
- The penthouse will set you back $10,810 per month.
The intrigue: The sleek building plays homage to its previous tenant, Cassidy Tires. The Chicago mechanic operated a small shop in that location for almost 50 years.
- The building torn down to make room for this tower had been there since 1908.
- The new tower isn't just paying homage with the name. It also used some of the bricks from the demolished building to create the new facade.