From the June issue: Few blocks in Manhattan are changing as rapidly, or as fundamentally, as 102nd Street between Madison Avenue and Central Park, an area dominated by Mount Sinai Medical Center. The hospital, which currently occupies a superblock stretching from 98th to 102nd streets between Fifth and Madison avenues, has three simultaneous projects in the works. These include two striking, brand-new buildings that are eventful for the neighborhood: Mount Sinai’s new Center for Science and Medicine, a research building, and a 43-story residential tower at 4 East 102nd Street. Together with the third project — a 16-story prewar rental building at 1212 Fifth Avenue that’s being converted into condos — the changes considerably improve the quality of the area’s building stock. [more]

The major health care systems are expanding throughout New York City and beyond.

The big news this month was the bankruptcy court’s approval of the $260 million sale of the Saint Vincent Catholic Medical Center in Manhattan to the Rudin family and North Shore-LIJ. They plan to develop the first stand-alone 24-hour emergency and ambulatory surgical facility in the New York metropolitan area.

North Shore-LIJ plans to invest $110 million to renovate and redevelop the O’Toole building between 12th and 13th streets on Seventh Avenue into North Shore-LIJ Center for Comprehensive Care. [more]