Kahen Properties

Foundations Underway At 1026 Third Avenue on Manhattan’s Upper East Side

Excavation and foundations are progressing at 1026 Third Avenue, the site of a 24-story residential building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Ismael Leyva Architects and developed by Kahen Properties, which purchased three adjacent properties for $34 million in July of 2022, the 273-foot-tall structure will span 100,000 square feet and yield 81 rental units with an average scope of 1,200 square feet, as well as ground-floor retail space, a gym, and a top-floor banquet space. Third North Holdings LLC is listed the owner and Third North GC LLC is the general contractor for the project, which is located between East 60th and East 61st Streets.

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145 Madison Avenue

Foundation Work Underway on 21-Story, 71-Unit Mixed-Use Project at 145 Madison Avenue, Midtown South

Foundation work is now underway on the 21-story, 71-unit mixed-use building under development at 145 Madison Avenue, located between East 31st and 32nd streets in Midtown South. This update comes thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the project will encompass 69,268 square feet and rise 210 feet to its roof, not including the bulkhead.

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145 madison avenue midtown south

21-Story, 71-Unit Project At 145 Madison Avenue To Include Affordable Units, Midtown South

Back in May, YIMBY reported on applications for a 21-story, 71-unit mixed-use building at 145 Madison Avenue, between East 31st and 32nd Streets in Midtown South. According to DNAinfo, Kahen Properties will rent 21 of the residential units at below-market rates, which would satisfy the inclusionary housing bonus and increase the project’s allowable FAR. The latest filings call for a 59,085 square-foot structure, which includes 2,779 square feet of retail on the ground floor and residential units averaging 793 square feet each. The Stephen B. Jacobs Group is the architect of record. Permits have been approved to demolish the existing six-story commercial building.



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