Excavation and foundations are progressing at 1026 Third Avenue, the positioning of a 24-story residential constructing within the Lenox Hill part of Manhattan’s Higher East Aspect. Designed by Ismael Leyva Architects and developed by Kahen Properties, which bought three adjoining properties for $34 million in July of 2022, the 273-foot-tall construction will span 100,000 sq. ft and yield 81 rental items with a median scope of 1,200 sq. ft, in addition to ground-floor retail house, a health club, and a top-floor banquet house. Third North Holdings LLC is listed the proprietor and Third North GC LLC is the final contractor for the challenge, which is situated between East sixtieth and East 61st Streets.
Demolition had simply concluded on the time of our final replace in mid-March, with equipment hauling out the stay rubble from the plot. Crews at the moment are within the means of unearthing the positioning and forming the brand new strengthened concrete foundations, with an excavator and piling machine working round sections of protruding metal rebar and pipes. Kahen additionally bought the nook property at 1028 Third Avenue as a part of the assemblage, nevertheless it was not demolished for the challenge.
![](https://newyorkyimby.com/wp-content/uploads/2023/10/image00188-1-scaled.jpeg)
Photograph by Michael Younger
![](https://newyorkyimby.com/wp-content/uploads/2023/10/image00193-1-scaled.jpeg)
Photograph by Michael Younger
![](https://newyorkyimby.com/wp-content/uploads/2023/10/image00192-2-scaled.jpeg)
Photograph by Michael Younger
![](https://newyorkyimby.com/wp-content/uploads/2023/10/image00194-2-scaled.jpeg)
Photograph by Michael Younger
![](https://newyorkyimby.com/wp-content/uploads/2023/10/image00194-2-scaled.jpeg)
Photograph by Michael Younger
![](https://newyorkyimby.com/wp-content/uploads/2023/10/image00195-1-scaled.jpeg)
Photograph by Michael Younger
The under Google Avenue View picture reveals the previous low-rise occupants of the challenge web site earlier than their demolition. Kahen’s 1028 Third Avenue at present homes a Chipotle franchise institution, which is anticipated to keep up operations till 2028.
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1020-1026 Third Avenue. Picture by way of Google Maps
The brand new rendering in the primary picture reveals 1026 Third Avenue’s design bearing a putting resemblance to Thomas Juul Hansen’s close by Sutton Tower at 430 East 58th Avenue, albeit at a a lot smaller scale. The façade consists of warm-hued paneling surrounding floor-to-ceiling glass in two-story rows, and the constructing is capped by a crown composed of recessed rectangular imprints. A setback above the rostrum seems to be topped with a terrace house, and the tower cantilevers out to the south above the roof of its low-rise neighbor.
Beneath is a diagram from the NYC Division of Buildings.
![](https://newyorkyimby.com/wp-content/uploads/2023/10/1022.jpg)
Diagram from the NYC Division of Buildings.
The closest subways from the property are the 4, 5, 6, N, R, and W trains on the Lexington Avenue-59th Avenue station to the southwest and the F and Q trains on the Lexington Avenue-63rd Avenue station to the northwest. The property is in shut proximity to the Bloomingdale’s flagship retailer, a Entire Meals Market, and a Dealer Joe’s in Midtown.
1026 Third Avenue’s anticipated completion date is slated for the autumn of 2025, as famous on web site.
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