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1578 Lexington Avenue Medical Office and Community Facility

Sector: Hospital • Location: New York City, New York, United States

Source: Commercial Observer

Project
Under Construction

Slate Property Group and Evenhar Development are partnering to build a 13-story medical office and community facility building at 1578 Lexington Avenue in East Harlem. The building will house Mount Sinai Health System's medical offices, an employee day care center, East Harlem Center community hub operated by Children's Aid, and a new branch of Life Changers Church. The project is financed by a $1

Status
Under Construction
Sector
Hospital, Residential, Commercial, Manufacturing (Industrial)
Location
New York City, New York, United States of America
Updated
22 Jul 2026
Source
Commercial Observer

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Project Information

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The project “1578 Lexington Avenue Medical Office and Community Facility” is an infrastructure initiative in the Hospital sector, located in New York City, New York, United States. Taiyo aggregates data on it from Commercial Observer.

Participants

Not available for this record.

Status

Original status

under construction

Taiyo status

Under Construction

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

Slate Property Group and Evenhar Development are partnering to build a 13-story medical office and community facility building at 1578 Lexington Avenue in East Harlem. The building will house Mount Sinai Health System's medical offices, an employee day care center, East Harlem Center community hub operated by Children's Aid, and a new branch of Life Changers Church. The project is financed by a $119 million construction loan from J.P. Morgan and a $40 million preferred equity investment from GoldenTree Asset Management. Construction starts in September 2025 with occupancy planned for spring 2028.

Original sector

Healthcare

Budget

Location

Country

United States of America (USA)

State

New York

City

New York City

Source

Source

Commercial Observer

URL

More Details

Record type

Project

Sector

Hospital, Residential, Commercial, Manufacturing (Industrial)

Article published date

2025-09-16

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