Mt. Sinai permitted for $24.2M rehab of former Rivington House in LES to behavioral health facility

Mount Sinai, on June 2, was given a permit for a $24.2 million project which aims to convert the former Rivington House, an AIDS nursing home, to a 104,300-square-foot behavioral health facility at 45 Rivington Street in the Lower East Side, Manhattan.

Mount Sinai is a long-term net lease tenant for the building. In a complex deal, an anonymous buyer operating through the entity Kranken House, purchased the property from Slate Property Group, Adam America Real Estate, and China Vanke for $159.6 million in September of 2019.

Prior to the sale of the property, Mount Sinai signed a 32-year lease with Slate Property Group and its partners with options to extend for additional years and a purchase option.

The redevelopment plans, pre-filed on February 11, 2020, call for no change in size but a change in use of the 96-foot-tall, five-story building.

The project is described in the filings as: herewith filing for alteration type 1 as per plans. The initial cost as reported in the DOB filing for the work described in this permit application is $24,224,037.

Per the plans, the project will convert the building to a behavioral health facility with offices, treatment rooms, therapy rooms, staff and nurse rooms, and more.

HKS Architects is the architect.

Direct link to Acris document. LINK

Direct link to DOB document. LINK