Slate, Evenhar developing East Harlem building for Mount Sinai hospital

Mount Sinai is poised to utilize a new medical office building in East Harlem, courtesy of Slate Property Group and Evenhar Development. The partners are joining forces on a medical office and community facility property at 1578 Lexington Avenue, Crain’s reported. The site is a few blocks away from the health system’s main campus. JPMorgan is providing $119 million in construction financing for the project, while GoldenTree Asset Management is putting forth a $40 million preferred equity investment. Construction is estimated to cost $190 million. At the corner of Lexington Avenue and East 101st Street, the developers are eyeing a […]This article originally appeared on The Real Deal. Click here to read the full story.