Rivington House Wrapped in Netting for Mount Sinai Conversion
Most of Rivington House is currently wrapped in bars and netting. It’s full steam ahead for the conversion to the new Mount Sinai Behavioral Health facility.
Public records show that the skeletal protrusion is related to the $2.1 million project of “Structural modifications including facade restoration” for 45 Rivington Street.
Overall, Mount Sinai is investing approximately $140 million in the transformation, according to prior reports, which is apparently the largest private investment in behavioral health in New York history.
The Rivington House saga began in early 2016 after then-owner Allure Group paid the city $16.1 million to lift a restrictive deed, then flipped the property to developers Slate Property Group, China Vanke Co., and Adam America Real Estate for $116 million.
The Rivington House building sold to a mystery buyer one year ago for $159.6 million, and was the latest turn for a property mired in scandal these last few years.